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"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Amendment No. 1
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
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NETFIN ACQUISITION CORP.
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(Name of Issuer)
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CLASS A ORDINARY SHARES, PAR VALUE $0.0001
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(Title of Class of Securities)
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G6455A107
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(CUSIP Number)
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December 31, 2019
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(Date of Event Which Requires Filing of This Statement)
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Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
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CUSIP No. G6455A107
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Page 2 of 6 Pages
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1
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NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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MMCAP International Inc. SPC
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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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(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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Cayman Islands
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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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947,700
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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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947,700
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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947,700
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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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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3.65%
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12
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TYPE OF REPORTING PERSON*
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CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. G6455A107
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Page 3 of 6 Pages
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1
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NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
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MM Asset Management Inc.
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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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(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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Ontario, Canada
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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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947,700
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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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947,700
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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947,700
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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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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3.65%
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12
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TYPE OF REPORTING PERSON*
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CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. G6455A107
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Page 4 of 6 Pages
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Item 1(a).
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Name of Issuer: |
Netfin Acquisition Corp.
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
445 Park Avenue, 9th Floor, New York, New York 10022
| Item 2(a). | Name of Person Filing: |
i) MMCAP International Inc. SPC
ii) MM Asset Management Inc.
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
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i)
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c/o Mourant Governance Services (Cayman) Limited
94 Solaris Avenue
Camana Bay, P.O. Box 1348
Grand Cayman, Cayman Islands KY1-1008
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ii)
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161 Bay Street
TD Canada Trust Tower, Suite 2240
Toronto, Ontario, Canada M5J 2S1
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| Item 2(c). | Citizenship: |
i) Cayman Islands
ii) Ontario, Canada
| Item 2(d). | Title of Class of Securities: |
Class A Ordinary Shares, par value $0.
0001
| Item 2(e). | CUSIP Number: |
G6455A107
| 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; |
| (e) | ☐ Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
| (f) | ☐ Employee benefit plan or endowment plan in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) | ☐ Parent holding company or control person, in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) | ☐ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
| (i) | ☐ A 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 Rule 13d-1(c), check this box.
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CUSIP No. G6455A107
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Page 5 of 6 Pages
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| Item 4. |
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities identified in Item 1.
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| (a) | Amount beneficially owned: 947,700* |
| (b) | Percent of class: 3.65%** |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 947,700* |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) | Shared power to dispose or to direct the disposition of: 947,700* |
*Consists of 947,700 units of Class A common stock and warrants exercisable for shares of Class A common stock on the later of i) 30 days following completion of a business combination or ii) 12 months
from IPO closing date
**The percentages used herein are calculated based on 25,981,000 outstanding Class A ordinary shares of the Issuer as of November 13, 2019
| Item 5. | Ownership of Five Percent or Less of a Class. |
If the 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. |
N/A
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
N/A
| Item 8. | Identification and Classification of Members of the Group. |
N/A
| Item 9. | Notice of Dissolution of Group. |
N/A
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CUSIP No. G6455A107
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Page 6 of 6 Pages
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Item 10.
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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.
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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.
| February 4, 2020 |
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| (Date) | ||
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MMCAP International Inc. SPC
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By:
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/s/ Matthew MacIsaac
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Matthew MacIsaac, Director
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| February 4, 2020 |
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| (Date) | ||
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MM Asset Management Inc.
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By:
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/s/ Hillel Meltz
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Hillel Meltz, President
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