UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549



FORM 20-F

(Amendment No. 3 )



| |  ̈ | REGISTRATION
                                                                                                                               STATEMENT
                                                                                                                               PURSUANT
                                                                                                                               TO
                                                                                                                               SECTION
                                                                                                                               12(b)
                                                                                                                               OR
                                                                                                                               (g)
                                                                                                                               OF
                                                                                                                               THE
                                                                                                                               SECURITIES
                                                                                                                               EXCHANGE
                                                                                                                               ACT
                                                                                                                               OF
                                                                                                                               1934
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

OR

| |  ̈ | ANNUAL
                                                                                                                               REPORT
                                                                                                                               PURSUANT
                                                                                                                               TO
                                                                                                                               SECTION
                                                                                                                               13
                                                                                                                               OR
                                                                                                                               15(d)
                                                                                                                               OF
                                                                                                                               THE
                                                                                                                               SECURITIES
                                                                                                                               EXCHANGE
                                                                                                                               ACT
                                                                                                                               OF
                                                                                                                               1934
                                                                                                                               For
                                                                                                                               the
                                                                                                                               fiscal
                                                                                                                               year
                                                                                                                               ended
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

OR

| |  ̈ | TRANSITION
                                                                                                                               REPORT
                                                                                                                               PURSUANT
                                                                                                                               TO
                                                                                                                               SECTION
                                                                                                                               13
                                                                                                                               OR
                                                                                                                               15(d)
                                                                                                                               OF
                                                                                                                               THE
                                                                                                                               SECURITIES
                                                                                                                               EXCHANGE
                                                                                                                               ACT
                                                                                                                               OF
                                                                                                                               1934
| | - | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

OR

| | x | SHELL
                                                                                                                               COMPANY
                                                                                                                               REPORT
                                                                                                                               PURSUANT
                                                                                                                               TO
                                                                                                                               SECTION
                                                                                                                               13
                                                                                                                               OR
                                                                                                                               15(d)
                                                                                                                               OF
                                                                                                                               THE
                                                                                                                               SECURITIES
                                                                                                                               EXCHANGE
                                                                                                                               ACT
                                                                                                                               OF
                                                                                                                               1934
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Date of event requiring
this shell company report: September 30, 2013



For the transition
period from ________ to ________



Commission file number:
001-35105

__________



PRIME ACQUISITION
CORP.(Exact name of the Registrant as specified in its charter)

__________



Cayman Islands
(Jurisdiction of incorporation or organization)



6369 Mill Street,
Suite 205Rhinebeck, NY 12572
(Address of principal executive offices)



Marco Prete6369 Mill Street, Suite 205Rhinebeck, NY 12572Telephone: (845) 516-4115Fax No.: (845) 876-8714
(Name, Telephone, E-mail and/or Facsimile Number and Address of Company Contact Person)

__________

Securities registered
or to be registered pursuant to Section 12(b) of the Act:

|Title
        of each class       | Name
        of exchange on which registered
|--------------------------------- | --------------------------------------------
|Ordinary Shares, $0.001 par value | NASDAQ Stock Market                         
|Ordinary Shares Purchase Warrants | NASDAQ Stock Market                         
|Units                             | NASDAQ Stock Market                         















Securities registered or to be registered
pursuant to Section 12(g) of the Act:

None

(Title of Class)



Securities for which there is a reporting
obligation pursuant to Section 15(d) of the Act: None.



On September 30, 2013, the
issuer had 3,635,344 ordinary shares outstanding.



Indicate by check mark if the registrant
is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes   ̈ No  x



If this report is an annual or transition
report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934. Yes  x  No   ̈



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes  x  No   ̈



Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such files). Yes  x No   ̈



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer or a non-accelerated filer. See definition of “accelerated filer and
large accelerated filer” in Rule 12b-2 of the Exchange Act.



| ̈Large Accelerated filer |  ̈Accelerated filer | xNon-accelerated filer
|------------------------ | ------------------ | ----------------------



Indicate by check mark which basis of accounting
the registrant has used to prepare the financial statements included in this filing:

|x	US
    GAAP | x	International
    Financial Reporting Standards as issued by the International Accounting Standards Board |  ̈	Other
|------------- | ----------------------------------------------------------------------------------------------------------- | -------





If “Other” has been checked
in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.
 ̈ Item 17    ̈Item 18



If this is an annual report, indicate by
check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes   ̈ No   ̈



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Explanatory Note



The sole purpose of this Amendment No. 3 to Prime Acquisition
Corp.’s Shell Company Report on Form 20-F (the “Report”) filed with the Securities and Exchange Commission on
October 4, 2013 and amended on December 27, 2013 and January 6, 2013, is to furnish the revised consent of Marcum Bernstein &
Pinchuck LLP as Exhibit 15.2.



No other changes have been made to the Report. Except as
set forth herein, this Amendment No 3 to the Report does not reflect events that may have occurred subsequent to the
original filing date, and does not modify or update in any way the disclosures made in the original Report.







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Table of
Contents



Page





| |              |  |          |  |  
| | ------------ |  | -------- |  | -
| | ITEM
    19. |  | EXHIBITS |  | 1
| |              |  |          |  |  









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ITEM
19.EXHIBITS







|Exhibit No. | Description                                                                                                                                                   
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------
|1.1         | Amended and Restated Articles of Association(1)                                                                                                               
|1.2         | Amendment to Amended and Restated Articles of Association(2)                                                                                                  
|2.1         | Specimen Unit Certificate(1)                                                                                                                                  
|2.2         | Specimen Ordinary Share Certificate(1)                                                                                                                        
|2.3         | Specimen Public Redeemable Warrant Certificate(1)                                                                                                             
|2.4         | Specimen Founder Warrant Certificate(1)                                                                                                                       
|2.5         | Specimen Placement Warrant Certificate(1)                                                                                                                     
|2.6         | Form of Warrant Agreement(1)                                                                                                                                  
|2.7         | Form of Unit Purchase Option(1)                                                                                                                               
|4.1         | Form of Underwriting Agreement(1)                                                                                                                             
|4.2         | Form of Letter Agreement by and among the Registrant, Chardan Capital Markets, LLC and the founders(1)                                                        
|4.3         | Promissory Note dated March 25, 2010 by the Registrant to Diana Chia-Huei Liu(1)                                                                              
|4.4         | Promissory Note dated March 25, 2010 by the Registrant to William Tsu-Cheng Yu(1)                                                                             
|4.5         | Promissory Note dated November 10, 2010 by the Registrant to Diana Chia-Huei Liu(1)                                                                           
|4.6         | Promissory Note dated November 10, 2010 by the Registrant to William Tsu-Cheng Yu(1)                                                                          
|4.7         | Promissory Note, dated as of February 10, 2010, issued to Diana Liu(1)                                                                                        
|4.8         | Promissory Note, dated as of February 10, 2010, issued to William Yu(1)                                                                                       
|4.9         | Amendment dated as of February 3, 2011 to that certain Promissory Note dated February 10, 2010 issued to Diana Liu(1)                                         
|4.10        | Amendment dated as of February 3, 2011 to that certain Promissory Note dated February 10, 2010 issued to William Yu(1)                                        
|4.11        | Amendment dated as of February 3, 2011 to that certain Promissory Note dated as of March 25, 2010 issued to Diana Liu(1)                                      
|4.12        | Amendment dated as of February 3, 2011 to that certain Promissory Note dated as of March 25, 2010 issued to William Yu(1)                                     
|4.13        | Promissory Note, dated as of May 3, 2012, issued to William Yu(2)                                                                                             
|4.14        | Promissory Note, dated as of November 1, 2012, issued to William Yu(2)                                                                                        
|4.15        | Promissory Note, dated as of February 12, 2013, issued to William Yu(2)                                                                                       
|4.16        | Promissory Note, dated as of March 4, 2013, issued to William Yu(2)                                                                                           
|4.17        | Form of Securities Escrow Agreement between the Registrant, American Stock Transfer & Trust Company and the Founders(1)                                       
|4.18        | Form of Registration Rights Agreement among the Registrant and the Founders(1)                                                                                
|4.19        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Amy Lau(1)                                                                  
|4.20        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Carolyne Yu(1)                                                              
|4.21        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Dane Chauvel(1)                                                             
|4.22        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Dave Sagar(1)                                                               
|4.23        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Elizabeth Pulchny(1)                                                        
|4.24        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and John Chase(1)                                                               
|4.25        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Lance Wei(1)                                                                
|4.26        | Stock Option Agreement, dated as of February 25, 2010, between the Registrant and Rebecca Poon(1)                                                             
|4.27        | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and Dane Chauvel(1)                                                              
|4.28        | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and Jason Wang(1)                                                                
|4.29        | Stock Option Agreement, dated as of December 3, 2010, between the Registrant and HuiKai Yan(1)                                                                
|4.30        | Stock Option Agreement, dated as of March 21, 2012, between the Registrant and George Kaufman(3)                                                              
|4.31        | Put Agreement, dated February 25, 2013, by and among Prime Acquisition Corp. and Advanced Series Trust – AST Academic Strategies Asset Allocation Portfolio(2)
|4.32        | Put Agreement, dated February 25, 2013, by and among Prime Acquisition Corp. and CNH Diversified Opportunities Master Account, L.P.(2)                        
|4.33        | Put Agreement, dated February 25, 2013, by and among Prime Acquisition Corp. and AQR Opportunistic Premium Offshore Fund, L.P.(2)                             
|4.34        | Put Agreement, dated February 25, 2013, by and among Prime Acquisition Corp. and AQR Diversified Arbitrage Fund(2)                                            





1









|4.35   | Management Agreement, dated May 22, 2013, by and among bhn LLC, Prime Acquisition Corp., and certain subsidiaries(4)                                                                                                      
|------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|4.36   | Stock Purchase Agreement, dated June 22, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Seba S.r.l., Francesco Rotondi and Giuseppe Pantaleo(5)                                       
|4.37   | Stock Purchase Agreement, dated June 22, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Nova S.r.l., Francesco Rotondi and Luca Massimo Failla(5)                                     
|4.38   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Delfin S.r.l., Davide Rigamonti, Cesare Lanati and G.S.I. S.r.l.(6)                            
|4.39   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, SIM S.r.l., G.S.I. S.r.l. and Bell Real Estate S.r.l.(6)                                       
|4.40   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Dieci Real Estate S.r.l., ELLEGI S.r.l. and G.S.I. S.r.l.(6)                                   
|4.41   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, ELLEGI S.r.l., Bell Real Estate S.r.l. and Stefano Lanati(6)                                   
|4.42   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, G.S.I. S.r.l., Bell Real Estate S.r.l. and IGS S.r.l.(6)                                       
|4.43   | Stock Purchase Agreement, dated July 9, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Magfin S.r.l., Bell Real Estate S.r.l., G.S.I. S.r.l.(6)                                       
|4.44   | Letter of Intent, dated July 3, 2013, by and among Prime Acquisition Corp., Union European Concept Futurum Geie, Radiomarelli SA(6)                                                                                       
|4.45   | Purchase Agreement, dated August 30, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC and Futurum Enegry S.A.(7)                                                                         
|4.46   | Purchase Agreement, dated August 30, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC and Radiomarelli S.A.(7)                                                                           
|4.47 * | Transaction Value Agreement, dated as of September 30, 2013 by and amongPrime Acquisition Corp., Prime BHN Luxembourg S.àr.l. and the Bell Group holders named therein.                                                   
|4.48 * | [Reserved]                                                                                                                                                                                                                
|4.49 * | Transaction Value Agreement, dated as of September 30, 2013 by and amongPrime Acquisition Corp., Prime BHN Luxembourg S.àr.l. and the Nova holders named therein.                                                         
|4.50 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (Seba)                                                                              
|4.51 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (Nova)                                                                              
|4.52 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (Delfin)                                                                            
|4.53 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (SIM)                                                                               
|4.54 * | [Reserved]                                                                                                                                                                                                                
|4.55 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (ELLEGI)                                                                            
|4.56 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (G.S.I.)                                                                            
|4.57 * | Voting Agreement, dated as of September 27, 3013, by and among Prime Acquisition Corp., BHN LLC, and the voting parties named therein (Magfin)                                                                            
|4.58 * | Registration Rights Agreement, dated September 27, 2013, by and among Prime Acquisition Corp., BHN LLC, and the investors named therein                                                                                   
|4.59 * | Amendment, dated September 11 ,2013, to Stock Purchase Agreement, dated June 22, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Seba S.r.l., Francesco Rotondi and Giuseppe Pantaleo  
|4.60 * | Amendment, dated September 11, 2013, to Stock Purchase Agreement, dated June 22, 2013, by and among Prime Acquisition Corp., Prime BHN Luxembourg S.àr.l., BHN LLC, Nova S.r.l., Francesco Rotondi and Luca Massimo Failla





2









|4.61 * | Amendment, dated September 27, 2013, to Bell Group Stock Purchase Agreements                                                                             
|------ | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|4.62 * | Amendment, dated September 27, 2013, to Management Agreement, dated May 22, 2013, by and among bhn LLC, Prime Acquisition Corp., and certain subsidiaries
|4.63 * | Promissory Note, dated as of September 30, 2013, issued to Chardan Capital Markets                                                                       
|8.1 *  | List of Subsidiaries                                                                                                                                     
|11.1   | Code of Ethics(1)                                                                                                                                        
|15.1 * | Consent of Crowe Horwath LLP                                                                                                                             
|15.2   | Consent of Marcum, Bernstein & Pinchuck LLP                                                                                                              
|15.3 * | Consent of BDO S.p.a.                                                                                                                                    

____________

* Previously filed



| | (1) | Incorporated by reference to the registration statement on Form F-1 of the registrant (File No. 333-171777).
| | --- | ------------------------------------------------------------------------------------------------------------



| | (2) | Incorporated by reference to the Annual Report on Form 20-F of the registrant, filed on April 30, 2013.
| | --- | -------------------------------------------------------------------------------------------------------



| | (3) | Incorporated by reference to the Annual Report on Form 20-F of the registrant, filed on April 30, 2012.
| | --- | -------------------------------------------------------------------------------------------------------



| | (4) | Incorporated by reference to the Report of Foreign Private Issuer on Form 6-K of the registrant, filed on May 24, 2013.
| | --- | -----------------------------------------------------------------------------------------------------------------------



| | (5) | Incorporated by reference to the Report of Foreign Private Issuer on Form 6-K of the registrant, filed on June 27, 2013.
| | --- | ------------------------------------------------------------------------------------------------------------------------



| | (6) | Incorporated by reference to the Report of Foreign Private Issuer on Form 6-K of the registrant, filed on July 16, 2013.
| | --- | ------------------------------------------------------------------------------------------------------------------------



| | (7) | Incorporated by reference to Amendment No. 1 the Schedule TO/A of the registrant, filed on September 6, 2013.
| | --- | -------------------------------------------------------------------------------------------------------------









3









SIGNATURES



The Registrant hereby certifies that it
meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this
annual report on its behalf.

|                  | Prime Acquisition Corp.
|----------------- | -----------------------
|                  |                        
|February 27, 2014 | By:                    
|                  | Name:                  
|                  | Title:                 









4