SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

(RULE 13d - 102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d

(Amendment No.1)*

Services Acquisition Corp. International

(Name of Issuer)

Common Stock

(Title of Class of Securities)

817628100

(CUSIP Number)

March 28, 2006

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on the Following Pages)

(Page 1 of 10 Pages)

 


 

 

 



 

 

 

1.

NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

 

 

Amaranth LLC

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

 

(a)    x

 

(b)    o

 

 

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

Cayman Islands

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

 

5.

SOLE VOTING POWER

 

 

 

0

 

 

6.

SHARED VOTING POWER

 

 

 

0

 

 

7.

SOLE DISPOSITIVE POWER

 

 

 

0

 

 

8.

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

See 6 and 8 above.

 

 

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    o

 

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

0%

 

 

12.

TYPE OF REPORTING PERSON*

 

 

 

CO

 

 



 

 

 

1.

NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

 

 

Amaranth Global Equities Master Fund Limited

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

 

(a)    x

 

(b)    o

 

 

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

Cayman Islands

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

 

5.

SOLE VOTING POWER

 

 

 

0

 

 

6.

SHARED VOTING POWER

 

 

 

0

 

 

7.

SOLE DISPOSITIVE POWER

 

 

 

0

 

 

8.

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

See 6 and 8 above.

 

 

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    o

 

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

0%

 

 

12.

TYPE OF REPORTING PERSON*

 

 

 

CO

 

 

 



 

 

1.

NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

 

 

Amaranth Advisors L.L.C.

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

 

(a)    x

 

(b)    o

 

 

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

Delaware

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

 

 

5.

SOLE VOTING POWER

 

 

 

0

 

 

6.

SHARED VOTING POWER

 

 

 

0

 

 

7.

SOLE DISPOSITIVE POWER

 

 

 

0

 

 

8.

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

 

 

See 6 and 8 above.

 

 

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    o

 

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

0%

 

 

12.

TYPE OF REPORTING PERSON*

 

 

 

IA

 

 



 

 

 

1.

NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

 

 

Nicholas M. Maounis

 

 

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

 

 

 

(a)    x

 

(b)    o

 

 

3.

SEC USE ONLY

 

 

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

 

 

 

United States

 

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

 

 

5.

SOLE VOTING POWER

 

 

 

0

 

 

6.

SHARED VOTING POWER

 

 

 

0

 

 

7.

SOLE DISPOSITIVE POWER

 

 

 

0

 

 

8.

SHARED DISPOSITIVE POWER

 

 

 

0

 

 

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

See 6 and 8 above.

 

 

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*    o

 

 

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

 

 

0%

 

 

12.

TYPE OF REPORTING PERSON*

 

 

 

IN, HC

 

 



 

 

 

This statement is filed with respect to the shares of common stock, having $.001 par value (the “Common Stock”) of Services Acquisition Corp. International (the “Issuer”) beneficially owned by Amaranth LLC and Amaranth Global Equities Master Fund Limited, both Cayman Islands exempted companies, Amaranth Advisors L.L.C. and Nicholas M. Maounis (“Maounis”) (collectively, the “Reporting Persons”) as of June 22, 2006 and amends and supplements the Schedule 13G filed December 2, 2005 (the “Schedule 13G”). Except as set forth herein, the Schedule 13G is unmodified.

 

 

Item 2(a).

Name of Persons Filing:

Item 2(b).

Address of Principal Business Office or, if None, Residence:

Item 2(c).

Citizenship:

 

 

 

Amaranth LLC

 

c/o Dundee Leeds Management Services (Cayman) Ltd.

 

2nd Floor, Waterfront Center

 

28 N. Church Street

 

Georgetown, Grand Cayman

 

British West Indies

 

A Cayman Islands company

 

 

 

Amaranth Global Equities Master Fund Limited

 

c/o Dundee Leeds Management Services (Cayman) Ltd.

 

2nd Floor, Waterfront Center

 

28 N. Church Street

 

Georgetown, Grand Cayman

 

British West Indies

 

A Cayman Islands company

 

 

 

Amaranth Advisors L.L.C.

 

One American Lane

 

Greenwich, Connecticut 06831

 

Delaware limited liability company

 

 

 

Nicholas M. Maounis

 

c/o Amaranth Advisors L.L.C.

 

One American Lane

 

Greenwich, Connecticut 06831

 

U.S. Citizen

 

 

 

 

Amaranth Advisors L.L.C. is the trading advisor for each of Amaranth LLC (“Amaranth”) and Amaranth Global Equities Master Fund Limited (“Global”) and has been granted investment discretion over portfolio investments, including the Common Stock (as defined below), held by each of them. Maounis is the managing member of Amaranth Advisors L.L.C. and may, by virtue of his position as managing member, be deemed to have power to direct the vote and disposition of the Common Stock held for each of Amaranth and Global.

 

 

 

 

Item 2(d).

Title of Class of Securities

 

 

Common Stock, $0.001 Par Value (“Common Stock”)

 

 

 

 

Item 2(e).

CUSIP Number:

 

 

 

 

 



 

 

 

817628100

 

 

Item 4.

Ownership.

 

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

 

 

(a)

Amount beneficially owned:

 

 

 

0

(b)

Percent of class:

 

 

 

0%

 

 

(c)

Number of shares as to which such person has:

 

 

 

(i)

Sole power to vote or direct the vote

 

 

 

0

 

 

(ii)

Shared power to vote or to direct the vote

 

 

 

See Item 4(a).

 

 

(iii)

Sole power to dispose or to direct the disposition of

 

 

 

0

 

 

(iv)

Shared power to dispose or to direct the disposition of

 

 

 

See Item 4(a).

 

Item 5.

Ownership of Five Percent or Less of a Class.

 

 

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following x.

 

 

 



 

 

Item 10.

Certification.

 

 

By signing below the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 

 



 

 

SIGNATURES

 

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.

 

 

Dated:    June 22, 2006

 

 

 

AMARANTH LLC

 

 

by Amaranth Advisors L.L.C., as Trading Advisor

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

AMARANTH GLOBAL EQUITIES MASTER FUND LIMITED,

 

 

 

by Amaranth Advisors L.L.C., as Trading Advisor

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

AMARANTH ADVISORS L.L.C.

 

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

 

 

NICHOLAS M. MAOUNIS

 

 

 

/s/  Nicholas M. Maounis

 

Nicholas M. Maounis

 

 

 

 



 

 

EXHIBIT A

JOINT FILING AGREEMENT

 

The undersigned hereby agree that the statement on Schedule 13G signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

 

Dated:    June 22, 2006

 

 

 

AMARANTH LLC

 

 

by Amaranth Advisors L.L.C., as Trading Advisor

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

AMARANTH GLOBAL EQUITIES MASTER FUND LIMITED,

 

 

 

by Amaranth Advisors L.L.C., as Trading Advisor

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

AMARANTH ADVISORS L.L.C.

 

 

 

 

By:  /s/  Nicholas M. Maounis

 

Nicholas M. Maounis,

 

Managing Member

 

 

 

 

NICHOLAS M. MAOUNIS

 

 

 

/s/  Nicholas M. Maounis

 

Nicholas M. Maounis