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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Verticalnet, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
92532L 20 6
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(CUSIP Number)
July 16, 2004
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] 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 the
disclosures provided in a prior cover page.
The information required in 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 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).
Page 1 of 6 pages
CUSIP No. 92532L 20 6 13G Page 2 of 7 Pages
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1. Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Canadian Imperial Bank of Commerce ("CIBC")
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2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization
CIBC is a bank organized under the Bank Act of Canada.
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5. Sole Voting Power NUMBER OF 1,631,080
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY -0-
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 1,631,080
WITH: _________________________________________________________________
8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,631,080
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10. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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11. Percent of Class Represented by Amount in Row (11)
5.3%
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12. Type of Reporting Person (See Instructions)
OO
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CUSIP No. 92532L 20 6 13G Page 3 of 7 Pages
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1. Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
CIBC WMC, Inc. 13-3546467
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2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power NUMBER OF 992,925
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY -0-
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 992,925
WITH: _________________________________________________________________
8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
992,925
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10. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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11. Percent of Class Represented by Amount in Row (11)
3.2%
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12. Type of Reporting Person (See Instructions)
CO
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CUSIP No. 92532L 20 6 13G Page 4 of 7 Pages
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1. Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
CIBC Capital Partners Technology Ventures, LLC 74-3042380
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2. Check the Appropriate Box If a Member of a Group (See Instructions) (a) [_]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization
Delaware
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5. Sole Voting Power NUMBER OF 638,155
SHARES _________________________________________________________________
BENEFICIALLY 6. Shared Voting Power
OWNED BY -0-
EACH _________________________________________________________________
REPORTING 7. Sole Dispositive Power
PERSON 638,155
WITH: _________________________________________________________________
8. Shared Dispositive Power
-0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person
638,155
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10. Check Box If the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions) [_]
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11. Percent of Class Represented by Amount in Row (11)
2.1%
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12. Type of Reporting Person (See Instructions)
CO
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CUSIP No. 92532L 20 6 13G Page 5 of 7 Pages
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Item 1(a). Name of Issuer:
Verticalnet, Inc.
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Item 1(b). Address of Issuer's Principal Executive Offices:
400 Chester Field Parkway
Malvern, PA 19355
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Item 2(a). Name of Person Filing:
(1) Canadian Imperial Bank of Commerce ("CIBC") (2) CIBC WMC, Inc. (3)
CIBC Capital Partners Technology Ventures, LLC
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Item 2(b). Address of Principal Business Office, or if None, Residence:
(1) Commerce Court West, 199 Bay Street
Toronto, Ontario M5L 1A2
Canada
(2) 425 Lexington Avenue
New York, NY 10017
(3) 425 Lexington Avenue
New York, NY 10017
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Item 2(c). Citizenship:
(1) CIBC is a bank organized under the Bank Act of Canada.
(2) Delaware
(3) Delaware
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Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value
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Item 2(e). CUSIP Number:
92532L 20 6
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Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) [_] Broker or dealer registered under Section 15 of the Exchange
Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) [_] Investment company registered under Section 8 of the
Investment Company Act.
(e [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
CUSIP No. 92532L 20 6 13G Page 6 of 7 Pages
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [_]
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:
1,631,080
(b) Percent of class 5.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,631,080
(ii) Shared power to vote or to direct the vote -0-
(iii) Sole power to dispose or to direct the disposition of 1,631,080
(iv) Shared power to dispose or to direct the disposition of -0-
CIBC WMC, Inc. ("CIBC WMC") is a wholly owned subsidiary of Canadian
Imperial Bank of Commerce ("CIBC"). CIBC Capital Partners Technology
Ventures, LLC ("CIBC LLC") is 95% owned by CIBC WMC.
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Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
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Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
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Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company.
Not applicable.
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Item 8. Identification and Classification of Members of the Group.
Not applicable.
CUSIP No. 92532L 20 6 13G Page 7 of 7 Pages
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Item 9. Notice of Dissolution of Group.
Not applicable.
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Item 10. Certifications.
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
July 26, 2004
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(Date)
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(Signature)
Antonio Molestina
Senior Vice President, Deputy General Counsel
Canadian Imperial Bank of Commerce
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(Name/Title)
Antonio Molestina
Managing Director
CIBC WMC, Inc.
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(Name/Title)
Elliot Ganz
Assistant Secretary
CIBC Capital Partners Technology Ventures, LLC
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(Name/Title)
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
Canadian Imperial Bank of Commerce, CIBC WMC, Inc. and CIBC Captial
Partners Technology Vewntures, LLC each acknowledge and agree that the foregoing
statement on Schedule 13G, is filed on behalf of each of the undersigned and
that all subsequent amendments to this statement on Schedule 13G, shall be filed
on behalf of each of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the others, except to the extent that he or it knows or has reason to
believe that such information is inaccurate. This agreement is intended to
satisfy the requirements of Rule 13d-1(k)(1)(iii) under the Securities Exchange
Act of 1934, as amended.
Date: July 26, 2004 Canadian Imperial Bank of Commerce
Antonio Molestina
Senior Vice President, Deputy General Counsel
Canadian Imperial Bank of Commerce
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(Name/Title)
Date: July 26, 2004 CIBC WMC, Inc.
Antonio Molestina
Managing Director
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(Name/Title)
Date: July 26, 2004 CIBC Capital Partners Technology Ventures, LLC
Elliot Ganz
Assistant Secretary
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(Name/Title)