HIA Highlands Acquisitions

CUSIP No. 430880104 13G Page 2 of 8 Pages

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 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Arrowgrass Capital Partners (US) LP
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 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
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 (3) SEC USE ONLY
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 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
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NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 1,035,850
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,035,850
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 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,035,850
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 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
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 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 6.0%
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 (12) TYPE OF REPORTING PERSON **
 PN
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 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 430880104 13G Page 3 of 8 Pages

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 (1) NAMES OF REPORTING PERSONS
 I.R.S. IDENTIFICATION NO.
 OF ABOVE PERSONS (ENTITIES ONLY)
 Arrowgrass Capital Services (US) Inc.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 (a) [X]
 (b) [ ]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY
-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
 -0-
SHARES --------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 1,035,850
OWNED BY --------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 -0-
REPORTING --------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 1,035,850
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON
 1,035,850
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 6.0%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON **
 CO
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 ** SEE INSTRUCTIONS BEFORE FILLING OUT!

CUSIP No. 430880104 13G Page 4 of 8 Pages

Item 1(a). Name of Issuer:

 The name of the issuer is Highlands Acquisition Corp. (the
"Company").

Item 1(b). Address of Issuer's Principal Executive Offices:

 The Company's principal executive offices are located at One Paragon
Drive, Suite 125, Montvale, New Jersey 07645.

Item 2(a). Name of Person Filing:

 This statement is filed by:
 (i) Arrowgrass Capital Partners (US) LP, a Delaware limited
 partnership ("ACP"), with respect to the shares of Common
 Stock directly owned by it; and
 (ii) Arrowgrass Capital Services (US) Inc., a Delaware
 corporation ("ACS"), with respect to the shares of Common
 Stock directly owned by ACP.

 The foregoing persons are hereinafter sometimes collectively
referred to as the "Reporting Persons". Any disclosures herein with respect to
persons other than the Reporting Persons are made on information and belief
after making inquiry to the appropriate party.

Item 2(b). Address of Principal Business Office or, if None, Residence:

 The address of the business office of each of the Reporting Persons is
245 Park Avenue, New York, New York 10167.

Item 2(c). Citizenship:

 ACP is a limited partnership organized under the laws of the State of
Delaware. ACS is a corporation organized under the laws of the State of
Delaware.

Item 2(d). Title of Class of Securities:

 Common Stock, par value $0.0001 (the "Common Stock").

CUSIP No. 430880104 13G Page 5 of 8 Pages

Item 2(e). CUSIP Number:

 430880104

Item 3. If this statement is filed pursuant to Rules 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 Act,

 (b) [ ] Bank as defined in Section 3(a)(6) of the Act,

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act,

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act of 1940,

 (e) [ ] Investment Adviser registered under Section 203 of the
 Investment Advisers Act of 1940,

 (f) [ ] Employee Benefit Plan or Endowment Fund in accordance with
 13d-1 (b)(1)(ii)(F),

 (g) [ ] Parent Holding Company or control person in accordance with
 Rule 13d-1 (b)(ii)(G),

 (h) [ ] Savings Associations as defined in Section 3(b) of the
 Federal Deposit Insurance Act,

 (i) [ ] Church Plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act of 1940,

 (j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 If this statement is filed pursuant to 13d-1(c), check this box: [x]


Item 4. Ownership.

 A. Arrowgrass Capital Partners (US) LP
 (a) Amount beneficially owned: 1,035,850
 (b) Percent of class: 6.0%. The percentages used herein and
 in the rest of Item 4 are calculated based upon the
 17,250,000 shares of Common Stock issued and outstanding
 as of April 28, 2009 as reported in the Form 10-Q for the
 quarterly period ending March 31, 2009 filed by the
 Company on May 5, 2009.
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 1,035,850
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition:
 1,035,850

CUSIP No. 430880104 13G Page 6 of 8 Pages


 B. Arrowgrass Capital Services (US) Inc.
 (a) Amount beneficially owned: 1,035,850
 (b) Percent of class: 6.0%
 (c)(i) Sole power to vote or direct the vote: -0-
 (ii) Shared power to vote or direct the vote: 1,035,850
 (iii) Sole power to dispose or direct the disposition: -0-
 (iv) Shared power to dispose or direct the disposition:
 1,035,850

Item 5. Ownership of Five Percent or Less of a Class.

 Not applicable.


Item 6. Ownership of More than Five Percent on Behalf of Another Person.

 ACS serves as the general partner of ACP. As such, it has the power to
direct the affairs of ACP, including decisions with respect to the disposition
of the proceeds from the sale of the shares of Common Stock.


Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company.

 Not applicable.


Item 8. Identification and Classification of Members of the Group.

 Not applicable.


Item 9. Notice of Dissolution of Group.

 Not applicable.


Item 10. Certification.

 Each of the Reporting Persons hereby makes the following certification:

 By signing below each Reporting Person 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.

CUSIP No. 430880104 13G Page 7 of 8 Pages


SIGNATURES

After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.


DATED: June 10, 2009

 Arrowgrass Capital Partners (US) LP

 By: Arrowgrass Capital Services (US) Inc.,
 its General Partner

 /s/ Sean Flynn
 ----------------------------
 Name: Sean Flynn
 Title: Director


 Arrowgrass Capital Services (US) Inc.

 /s/ Sean Flynn
 ----------------------------
 Name: Sean Flynn
 Title: Director

CUSIP No. 430880104 13G Page 8 of 8 Pages



 EXHIBIT 1

 JOINT ACQUISITION STATEMENT
 PURSUANT TO RULE 13d-1(k)


 The undersigned 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.


DATED: June 10, 2009


 Arrowgrass Capital Partners (US) LP

 By: Arrowgrass Capital Services (US) Inc.,
 its General Partner

 /s/ Sean Flynn
 ----------------------------
 Name: Sean Flynn
 Title: Director


 Arrowgrass Capital Services (US) Inc.

 /s/ Sean Flynn
 ----------------------------
 Name: Sean Flynn
 Title: Director