Statement of Ownership (sc 13g)
February 16 2021 - 06:34AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. __)*
Under the Securities Exchange Act of 1934
Social
Capital Hedosophia Holdings Corp.
V
(Name of Issuer)
Class
A Ordinary Shares, par value $0.0001 per
share
(Titles of Class of Securities)
G8252P
105
(CUSIP Number)
December 31,
2020
(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)
¨Rule 13d-1(c)
xRule 13d-1(d)
* The remainder of this cover page shall be filled out of 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 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 (“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).
|
1 |
NAME OF REPORTING PERSON
SCH Sponsor V LLC
|
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) ¨
|
|
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
20,025,000 (1) |
|
7 |
SOLE DISPOSITIVE POWER
0
|
|
8 |
SHARED DISPOSITIVE POWER
20,025,000 (1) |
|
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,025,000 (1) |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ |
|
11 |
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
19.9% (2) |
|
12 |
TYPE OF REPORTING PERSON
OO
|
|
(1) Reflects 20,025,000 Class A ordinary shares of Social Capital
Hedosophia Holdings Corp. V (the “Company”), par value
$0.0001 per share (“Class A Ordinary Shares”), issuable upon
conversion of 20,025,000 Class B ordinary shares of the Company,
par value $0.0001 per share (“Class B Ordinary Shares”). The
Class B Ordinary Shares will automatically convert into Class A
Ordinary Shares at the time of the Company’s initial business
combination, or earlier at the option of the holder, on a
one-for-one basis, subject to adjustment. SCH Sponsor V LLC (the
“Sponsor”) is the record holder of the shares reported
herein. The Sponsor is managed by its managers, Chamath Palihapitiy
and Ian Osborne. Messrs. Palihapitiy and Osborne may be deemed to
beneficially own shares held by the Sponsor by virtue of their
shared control over the Sponsor. As such, each of Messrs.
Palihapitiy and Osborne may be deemed to have or share beneficial
ownership of the Class B Ordinary Shares held directly by the
Sponsor.
(2) The calculation assumes that there is a total of 100,525,000
Class A Ordinary Shares outstanding, which is the sum of (i) the
80,500,000 Class A Ordinary Shares outstanding as of November 20,
2020, as reported in the Company’s Quarterly Report on Form 10-Q
for the quarter ended September 30, 2020 (the
“Report”), and (ii) the 20,025,000 Class A Ordinary Shares
issuable upon conversion of the Class B Ordinary Shares held by the
Sponsor, as reported herein.
|
|
1 |
NAME OF REPORTING PERSON
Chamath Palihapitiya
|
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) ¨
|
|
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
20,025,000 (1) |
|
7 |
SOLE DISPOSITIVE POWER
0
|
|
8 |
SHARED DISPOSITIVE POWER
20,025,000 (1) |
|
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,025,000 (1) |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ |
|
11 |
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
19.9% (2) |
|
12 |
TYPE OF REPORTING PERSON
IN
|
|
(1) Reflects 20,025,000 Class A Ordinary Shares, issuable upon
conversion of 20,025,000 Class B Ordinary Shares. The Class B
Ordinary Shares will automatically convert into Class A Ordinary
Shares at the time of the Company’s initial business combination,
or earlier at the option of the holder, on a one-for-one basis,
subject to adjustment. The Sponsor is the record holder of the
shares reported herein. The Sponsor is managed by its managers,
Chamath Palihapitiy and Ian Osborne. Messrs. Palihapitiy and
Osborne may be deemed to beneficially own shares held by the
Sponsor by virtue of their shared control over the Sponsor. As
such, each of Messrs. Palihapitiy and Osborne may be deemed to have
or share beneficial ownership of the Class B Ordinary Shares held
directly by the Sponsor.
(2) The calculation assumes that there is a total of 100,525,000
Class A Ordinary Shares outstanding, which is the sum of (i) the
80,500,000 Class A Ordinary Shares outstanding as of November 20,
2020, as reported in the Report, and (ii) the 20,025,000 Class A
Ordinary Shares issuable upon conversion of the Class B Ordinary
Shares held by the Sponsor, as reported herein.
|
|
1 |
NAME OF REPORTING PERSON
Ian Osborne
|
|
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨
(b) ¨
|
|
3 |
SEC USE ONLY |
|
4 |
CITIZENSHIP OR PLACE OF
ORGANIZATION
United Kingdom |
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
|
5 |
SOLE VOTING POWER
0 |
|
6 |
SHARED VOTING POWER
20,025,000 (1) |
|
7 |
SOLE DISPOSITIVE POWER
0
|
|
8 |
SHARED DISPOSITIVE POWER
20,025,000 (1) |
|
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
20,025,000 (1) |
|
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES ¨ |
|
11 |
PERCENT OF CLASS REPRESENTED BY
AMOUNT IN ROW 9
19.9% (2) |
|
12 |
TYPE OF REPORTING PERSON
IN
|
|
(1) Reflects 20,025,000 Class A Ordinary Shares, issuable upon
conversion of 20,025,000 Class B Ordinary Shares. The Class B
Ordinary Shares will automatically convert into Class A Ordinary
Shares at the time of the Company’s initial business combination,
or earlier at the option of the holder, on a one-for-one basis,
subject to adjustment. The Sponsor is the record holder of the
shares reported herein. The Sponsor is managed by its managers,
Chamath Palihapitiy and Ian Osborne. Messrs. Palihapitiy and
Osborne may be deemed to beneficially own shares held by the
Sponsor by virtue of their shared control over the Sponsor. As
such, each of Messrs. Palihapitiy and Osborne may be deemed to have
or share beneficial ownership of the Class B Ordinary Shares held
directly by the Sponsor.
(2) The calculation assumes that there is a total of 100,525,000
Class A Ordinary Shares outstanding, which is the sum of (i) the
80,500,000 Class A Ordinary Shares outstanding as of November 20,
2020, as reported in the Report, and (ii) the 20,025,000 Class A
Ordinary Shares issuable upon conversion of the Class B Ordinary
Shares held by the Sponsor, as reported herein.
|
|
Item 1(a). |
Name of Issuer: |
Social Capital Hedosophia Holdings Corp. V
|
Item
1(b). |
Address of Issuer’s Principal
Executive Offices: |
317 University Ave, Suite 200, Palo Alto, CA 94301
|
Item
2(a). |
Name of Person
Filing: |
This statement is being filed jointly pursuant to §240.13d-1(k)(1)
on behalf of each of the following persons (collectively, the
“Reporting Persons”):
1. SCH Sponsor V
LLC
2. Chamath
Palihapitiya
3. Ian Osborne
|
Item
2(b). |
Address of Principal Business
Office or, if none, Residence: |
The principal business address of each of the Reporting Persons is
as follows:
317 University Ave, Suite 200, Palo Alto, CA 94301
See responses to Item 4 on each cover page.
|
Item
2(d). |
Titles of Classes of
Securities: |
Class A Ordinary Shares, par value $0.0001 per share
The Class A Ordinary Shares CUSIP Number is G8252P 105.
|
Item 3. |
If this statement is filed pursuant to §§240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a: |
| |
(a) |
¨ |
Broker or dealer registered under Section 15 of
the Exchange Act (15 U.S.C. 78o). |
| |
|
|
|
| |
(b) |
¨ |
Bank
as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C.
78c). |
| |
|
|
|
| |
(c) |
¨ |
Insurance company as defined in Section 3(a)(19)
of the Exchange Act (15 U.S.C. 78c). |
| |
|
|
|
| |
(d) |
¨ |
Investment company registered under Section 8 of
the Investment Company Act of 1940 (15 U.S.C. 80a-8). |
| |
|
|
|
| |
(e) |
¨ |
Investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E). |
| |
|
|
|
| |
(f) |
¨ |
Employee benefit plan or endowment fund in
accordance with §240.13d-1(b)(1)(ii)(F). |
| |
|
|
|
| |
(g) |
¨ |
Parent holding company or control person in
accordance with §240.13d-1(b)(1)(ii)(G). |
| |
|
|
|
| |
(h) |
¨ |
Savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813). |
| |
(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 (15 U.S.C. 80a-3). |
| |
|
|
|
| |
(j) |
¨ |
Non-U.S. institution in accordance with §
240.13d-1(b)(1)(ii)(J). |
| |
|
|
|
| |
(k) |
¨ |
Group
in accordance with §240.13d-1(b)(1)(ii)(K). |
| |
If filing as a non-U.S. institution in accordance with §240.
13d-1(b)(1)(ii)(J), please specify the type of institution:
______________ . |
|
(a) |
Amount beneficially owned: |
See responses to Item 9 on each cover page.
See responses to Item 11 on each cover page.
|
(c) |
Number of shares as to which such person has: |
|
(i) |
Sole power to vote or to direct the vote: |
See responses to Item 5 on each cover page.
|
(ii) |
Shared power to vote or to direct the vote: |
See responses to Item 6 on each cover page.
|
(iii) |
Sole power to dispose or to direct
the disposition of: |
See responses to Item 7 on each cover page.
|
(iv) |
Shared power to dispose or to
direct the disposition of: |
See responses to Item 8 on each cover page.
|
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 person has
ceased to be the beneficial owner of more than five percent of the
class of securities, check the following [_].
|
Item
6. |
Ownership of More than Five
Percent on Behalf of Another Person. |
None.
|
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.
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.
Dated: February 16, 2021
| |
SCH Sponsor V LLC |
| |
|
| |
By: |
/s/ Chamath Palihapitiya |
| |
|
Name:Chamath Palihapitiya |
| |
|
Title:Chief Executive Officer |
| |
|
| |
/s/ Chamath Palihapitiya |
| |
Chamath Palihapitiya |
| |
|
| |
/s/ Ian Osborne |
| |
Ian Osborne |
Exhibit Index
| Exhibit
1 |
Agreement of Joint Filing as
required by Rule 13d-1(k)(1) under the Act. |
AGREEMENT OF JOINT FILING
This joint filing agreement (this “Agreement”) is made and
entered into as of this 16th day of February 2021, by and among SCH
Sponsor V LLC, Chamath Palihapitiya and Ian Osborne.
The parties to this Agreement hereby acknowledge and agree that the
foregoing statement on Schedule 13G in respect of Class A
ordinary shares of Social Capital Hedosophia Holdings Corp. V, par
value $0.0001 per share, is filed on behalf of each of the parties
to this Agreement and that all subsequent amendments to this
statement on Schedule 13G may be filed on behalf of each of the
undersigned without the necessity of filing additional joint filing
agreements. The parties to this Agreement 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 herein or 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 may be executed in any number of counterparts, each
of which shall be deemed to be an original, but all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement
as of the date first set forth above.
Dated: February 16, 2021
| |
SCH Sponsor V LLC |
| |
|
| |
By: |
/s/ Chamath Palihapitiya |
| |
|
Name:Chamath Palihapitiya |
| |
|
Title:Chief Executive Officer |
| |
|
| |
/s/ Chamath Palihapitiya |
| |
Chamath Palihapitiya |
| |
|
| |
/s/ Ian Osborne |
| |
Ian Osborne |
