1.
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Names of Reporting Persons.
Genesis Park II LP |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐
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(b)
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☐
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
WC |
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
Delaware |
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Number of Shares Beneficially Owned by Each Reporting Person With |
7.
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Sole Voting Power
0 |
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8.
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Shared Voting Power
9,841,813(1)(2)(3) |
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9.
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Sole Dispositive Power
0 |
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10.
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Shared Dispositive Power
9,841,813 (1)(2)(3) |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
9,841,813 (1)(2)(3) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
12.5%(4) |
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14.
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Type of Reporting Person (See Instructions)
PN |
1.
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Names of Reporting Persons.
Genesis Park II GP LLC |
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a)
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☐
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(b)
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☐
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3.
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SEC Use Only
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4.
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Source of Funds (See Instructions)
AF-OO |
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5.
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Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
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6.
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Citizenship or Place of Organization
Delaware |
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Number of Shares Beneficially Owned by Each Reporting Person With |
7.
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Sole Voting Power
0 |
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8.
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Shared Voting Power
9,841,813 (1)(2)(3) |
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9.
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Sole Dispositive Power
0 |
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10.
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Shared Dispositive Power
9,841,813 (1)(2)(3) |
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11.
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Aggregate Amount Beneficially Owned by Each Reporting Person
9,841,813 (1)(2)(3) |
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12.
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ☐
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13.
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Percent of Class Represented by Amount in Row (11)
12.5%(4) |
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14.
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Type of Reporting Person (See Instructions)
OO |
Item 3
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Source and Amount of Funds or Other Consideration
Item 3 of the Schedule 13D is supplemented as follows:
On June 3, 2022, the Sponsor distributed 4,094,406 shares of Common Stock and 5,406,541 Private Placement Warrants to its members
in exchange for no consideration, including 2,710,014 shares of Common Stock and 4,631,799 Private Placement Warrants distributed to the Manager (the “Distribution”).
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Item 4.
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Purpose of Transaction
Item 4 of the Schedule 13D is supplemented as follows:
(e) following the Closing, the Sponsor consummated the Distribution.
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Item 5
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Interest in Securities of the Issuer
Item 5 of the Schedule 13D is amended and restated as follows:
(a) and (b)
The percentage reported in the Schedule 13D is based upon (a) 62,818,620 shares of Common Stock outstanding as of May 9, 2022, (b) 7,732,168 Private
Placement Warrants outstanding as of March 31, 2022, and (c) 8,188,811 public warrants outstanding as of March 31, 2022, as set forth in the Form 10-Q filed by the Issuer with the SEC on May 13, 2022.
The aggregate number and percentage of shares of Common Stock over which each Reporting Person may have dispositive and voting power are as follows:
(i) Manager, (x) as the record holder of 4,710,014 shares of Common Stock, 4,631,799 Private Placement Warrants with 4,631,799 shares of Common Stock underlying such Private
Placement Warrants, and 500,000 public warrants with 500,000 shares of Common Stock underlying such public warrants, may be deemed to share dispositive and voting power over such shares of Common Stock, constituting 12.5% of the Common
Stock outstanding and (y) as the manager of the Sponsor, has voting and investment discretion with respect to any securities held by the Sponsor, and may be deemed to share dispositive and voting power over such securities held of record by
the Sponsor with General Partner. The Manager disclaims beneficial ownership of any shares other than to the extent it may have a pecuniary interest therein.
(ii) General Partner, as the general partner of Manager, has voting and investment discretion with respect to the securities held by Manager and the Sponsor, and may be deemed
to share dispositive and voting power over the (a) 4,710,014 shares of Common Stock held of record by the Manager, (b) 4,631,799 shares of Common Stock underlying the 4,631,799 Private Placement Warrants held of record by the Manager, and
(c) the 500,000 shares of Common Stock underlying the 500,000 public warrants held of record by the Manager constituting 12.5% of the Common Stock outstanding, and may be deemed to share dispositive and voting power over any shares of
Common Stock held of record by the Sponsor with the Manager. Manager disclaims beneficial ownership of any shares other than to the extent it may have a pecuniary interest therein.
(iii) Paul W. Hobby, (x) as the record holder of 250,000 shares of Common Stock and 50,000 public warrants with 50,000 shares of Common Stock underlying such public warrants has
voting and investment discretion with respect to such 250,000 shares of Common Stock and 50,000 shares of Common Stock underlying such public warrants and (y) as the manager of GP III, has voting and investment discretion with respect to
the securities held by GP III, and may be deemed to share dispositive and voting power over 50,000 shares of Common Stock held of record by GP III.
(iv) Steven Gibson, as the record holder of 150,000 shares of Common Stock and 25,000 public warrants with 25,000 shares of Common Stock underlying such public warrants has
voting and investment discretion with respect to such 150,000 shares of Common Stock and 25,000 shares of Common Stock underlying such public warrants.
(c) The information in Item 3 is incorporated herein by reference. Except as disclosed in this Schedule 13D, as amended, there have
been no transactions in the shares of Common Stock by the Reporting Persons within the past 60 days. The information set
forth in Item 6 under the headings “Securities Subscription Agreement,” “Warrant Agreement and Private Placement Warrants Purchase Agreement” and “Warrant Forfeiture Agreement” is incorporated by reference herein.
(d) Except as set forth in this Item 5, no Person other than the Reporting Persons have the right to receive and the power to direct the receipt of
dividends from, or the proceeds from the sale of, the reported securities. Following the Distribution, the Sponsor does not hold any securities of the Issuer.
(e) Not applicable.
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Dated: June 7, 2022
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Genesis Park II LP
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By: Genesis Park II GP LLC, its general partner
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By: /s/ Paul W. Hobby
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Paul W. Hobby, Authorized Signatory
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Dated: June 7, 2022
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Genesis Park II GP LLC
By: Genesis Park Holdco LP, its managing member
By: HSG GP LLC, its general partner
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By: /s/ Paul W. Hobby
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Paul W. Hobby, Authorized Signatory
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