Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
KBL MERGER CORP. IV
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
48242A104
(CUSIP Number)
December 31, 2019
(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 (“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).
Continued on following pages
Page 1 of 11 Pages
Exhibit Index: Page 10
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CUSIP No. 48242A104
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Page 2 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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| BASSO SPAC FUND LLC |
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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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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CITIZENSHIP OR PLACE OF ORGANIZATION
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| Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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|||
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||||
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6
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SHARED VOTING POWER
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24,800
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||||
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7
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SOLE DISPOSITIVE POWER
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0
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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24,800
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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24,800
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.30%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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CUSIP No. 48242A104
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Page 3 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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| BASSO MANAGEMENT, LLC |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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||||
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(a)☐
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|||||
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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| Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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24,800
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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24,800
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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24,800
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||||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.30%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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CUSIP No. 48242A104
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Page 4 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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| BASSO CAPITAL MANAGEMENT, L.P. |
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
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(a)☐
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|||||
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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| Delaware |
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
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SOLE VOTING POWER
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0
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|||
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||||
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6
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SHARED VOTING POWER
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24,800
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|||
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||||
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7
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SOLE DISPOSITIVE POWER
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0
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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24,800
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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24,800
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||||
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.30%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA, PN
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CUSIP No. 48242A104
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Page 5 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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| BASSO GP, LLC |
|
<
/div>
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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| Delaware |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
|
SOLE VOTING POWER
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0
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|||
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||||
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6
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SHARED VOTING POWER
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24,800
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|
|||
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7
|
SOLE DISPOSITIVE POWER
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0
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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24,800
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|||
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||||
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9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
24,800
|
|
|
|||
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|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
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|||
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
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|
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0.30%
|
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|
|||
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO, HC
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CUSIP No. 48242A104
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Page 6 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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|||
| HOWARD I. FISCHER |
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|
|||
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||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
|
(b)☐
|
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|
|||
|
3
|
SEC USE ONLY
|
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||
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|||
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||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
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| United States |
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|
|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
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|
||||
|
6
|
SHARED VOTING POWER
|
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||
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24,800
|
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|
|||
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|
||||
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7
|
SOLE DISPOSITIVE POWER
|
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||
|
0
|
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|
|||
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|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
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|
||
|
24,800
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|
|||
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|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
24,800
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
0.30%
|
|
|
|||
|
|
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
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||
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IN, HC
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Page 7 of 11 Pages
|
| Item 1(a). |
Name of Issuer:
|
KBL Merger Corp. IV (the “Issuer”)
| Item 1(b). |
Address of Issuer’s Principal Executive Offices:
|
527 Stanton Christina Road, Newark, Delaware 19713
| Item 2(a). |
Name of Person Filing
|
This Statement is filed on behalf of the following persons (collectively, the “Reporting Persons”):
| i) |
Basso SPAC Fund LLC (“Basso SPAC”);
|
| ii) |
Basso Management, LLC (“Basso Management”);
|
| iii) |
Basso Capital Management, L.P. (“BCM”);
|
| iv) |
Basso GP, LLC (“Basso GP”); and
|
| v) |
Howard I. Fischer (“Mr. Fischer”).
|
This Statement relates to Shares (as defined herein) directly beneficially owned by Basso SPAC. Basso Management is the manager of Basso SPAC. BCM serves as the investment manager of Basso SPAC. Basso GP is the general
partner of BCM. Mr. Fischer is the principal portfolio manager for Basso SPAC, the Chief Executive Officer and a founding partner of BCM, and a member of each of Basso Management and Basso GP. Accordingly, each of Basso Management, BCM, Basso GP and
Mr. Fischer may be deemed to indirectly beneficially own the Shares reported herein.
| Item 2(b). |
Address of Principal Business Office or, if None, Residence:
|
The address of the principal business office of each of the Reporting Persons is 1266 East Main Street, Fourth Floor, Stamford, Connecticut 06902.
| Item 2(c). |
Citizenship:
|
Each of Basso SPAC, Basso Management, and Basso GP is a Delaware limited liability company. BCM is a Delaware limited partnership. Mr. Fischer is a citizen of the United States.
| Item 2(d). |
Title of Class of Securities:
|
Common Stock, par value $0.0001 per share (the “Shares”)
| Item 2(e). |
CUSIP Number:
|
48242A104
| 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:
|
This Item 3 is not applicable.
| Item 4. |
Ownership:
|
| Item 4(a) |
Amount Beneficially Owned:
|
As of December 31, 2019, each of the Reporting Persons may be deemed the beneficial owner of 24,800 Shares. This amount excludes the rights to receive Shares (“Rights”) and warrants to purchase Shares (“Warrants”), if
any, underlying the Units and held directly by the Reporting Persons, because the Reporting Persons do not have the right to acquire the Shares underlying the Rights or Warrants within 60 days.
|
|
|
Page 8 of 11 Pages
|
| Item 4(b) |
Percent of Class:
|
As of December 31, 2019, each of the Reporting Persons may be deemed the beneficial owner of approximately 0.30% of Shares outstanding. (There were 8,168,215 Shares o
utstanding as of November 12, 2019, according to the
Issuer’s Form 10-Q, filed on November 12, 2019.)
| Item 4(c) |
Number of Shares as to which such person has:
|
|
(i) Sole power to vote or direct the vote:
|
0
|
|
(ii) Shared power to vote or direct the vote:
|
24,800
|
|
(iii) Sole power to dispose or direct the disposition of:
|
0
|
|
(iv) Shared power to dispose or direct the disposition of:
|
24,800
|
| 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 each of the Reporting Persons 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:
|
This Item 6 is not applicable.
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person:
|
See disclosure in Item 2 hereof.
| Item 8. |
Identification and Classification of Members of the Group:
|
This Item 8 is not applicable.
| Item 9. |
Notice of Dissolution of Group:
|
This Item 9 is not applicable.
| Item 10. |
Certification:
|
By signing below I certify that, to the best of my 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, other than activities solely in connection with a nomination under
§240.14a-11.
|
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Page 9 of 11 Pages
|
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.
| BASSO SPAC FUND LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Authorized Signatory | |||
| BASSO MANAGEMENT, LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Member | |||
| BASSO CAPITAL MANAGEMENT, L.P. | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Chief Executive Officer & Founding Partner | |||
| BASSO GP, LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Member | |||
| HOWARD I. FISCHER | ||
|
|
/s/ Howard I. Fischer |
February 7, 2020
|
|
|
Page 10 of 11 Pages
|
EXHIBIT INDEX
|
Ex.
|
Page No.
|
|
| A | Joint Filing Agreement | 11 |
|
|
|
Page 11 of 11 Pages
|
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the common stock of KBL Merger Corp. IV dated as of February 7, 2020 is, and any amendments thereto (including amendments
on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
| BASSO SPAC FUND LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Authorized Signatory | |||
| BASSO MANAGEMENT, LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Member | |||
| BASSO CAPITAL MANAGEMENT, L.P. | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Chief Executive Officer & Founding Partner | |||
| BASSO GP, LLC | |||
|
|
By:
|
/s/ Howard I. Fischer | |
| Name: Howard I. Fischer | |||
| Title: Member | |||
| HOWARD I. FISCHER | ||
|
|
/s/ Howard I. Fischer |