Sec Form 13G Filing - SUSQUEHANNA SECURITIES LLC filing for IG Acquisition Corp. (IGAC) - 2023-02-14

 

CUSIP No: 449534106

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2.

 

(Amendment No.  )*

 

IG Acquisition Corp.
(Name of Issuer)

 

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

 

449534106

(CUSIP Number)

 

December 31, 2022

(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)
x	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 purposes 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).

 

 

 

CUSIP No: 449534106

 

	(1)	Names of Reporting Persons G1 Execution Services, LLC
	(2)	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		¨
		(b)		¨
	(3)	SEC Use Only
	(4)	Citizenship or Place of Organization Illinois
Number of Shares Beneficially Owned by Each Reporting Person With			(5)		Sole Voting Power 56,378 (1)
			(6)		Shared Voting Power 453,157 (1)
			(7)		Sole Dispositive Power 56,378 (1)
			(8)		Shared Dispositive Power 453,157 (1)
	(9)	Aggregate Amount Beneficially Owned by Each Reporting Person 453,157 (1)
	(10)	Check box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
	(11)	Percent of Class Represented by Amount in Row (9) 17.9%
	(12)	Type of Reporting Person (See Instructions) BD, OO

(1) G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together, may be deemed a group.  For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons.  Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

 

 

CUSIP No: 449534106

 

	(1)	Names of Reporting Persons Susquehanna Securities, LLC
	(2)	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)		¨
		(b)		¨
	(3)	SEC Use Only
	(4)	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With			(5)		Sole Voting Power 396,779 (1)
			(6)		Shared Voting Power 453,157 (1)
			(7)		Sole Dispositive Power 396,779 (1)
			(8)		Shared Dispositive Power 453,157 (1)
	(9)	Aggregate Amount Beneficially Owned by Each Reporting Person 453,157 (1)
	(10)	Check box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
	(11)	Percent of Class Represented by Amount in Row (9) 17.9%
	(12)	Type of Reporting Person (See Instructions) BD, OO

(1) G1 Execution Services, LLC and Susquehanna Securities, LLC are affiliated independent broker-dealers which, together, may be deemed a group.  For purposes of this report, we have indicated that each reporting person has sole voting and dispositive power with respect to the shares beneficially owned by it and that the reporting persons have shared voting and dispositive power with respect to all shares beneficially owned by all of the reporting persons.  Each of the reporting persons disclaims beneficial ownership of shares owned directly by another reporting person.

 

 

CUSIP No: 449534106

 

Item 1.
	(a)	Name of Issuer   IG Acquisition Corp. (the “Company”)
	(b)	Address of Issuer’s Principal Executive Offices   251 Park Avenue South 8th Floor New York, NY 10010
Item 2(a).		Name of Person Filing   This statement is filed by the entities listed below, who are collectively referred to herein as “Reporting Persons” with respect to the shares of Class A Common Stock, $0.0001 par value per share, of the Company (the “Shares”).   (i)        G1 Execution Services, LLC (ii)       Susquehanna Securities, LLC
Item 2(b).		Address of Principal Business Office or, if none, Residence   The address of the principal business office of G1 Execution Services, LLC is:   175 W. Jackson Blvd. Suite 1700 Chicago, IL 60604   The address of the principal business office of Susquehanna Securities, LLC is:   401 E. City Avenue Suite 220 Bala Cynwyd, PA 19004
Item 2(c).		Citizenship   Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Item 2(d).		Title of Class of Securities   Class A Common Stock, $0.0001 par value per share
Item 2(e)		CUSIP Number   449534106

 

 

CUSIP No: 449534106

 

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 Act (15 U.S.C. 78o).
	(b)	¨	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
	(c)	¨	Insurance company as defined in section 3(a)(19) of the 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)	¨	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
	(f)	¨	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
	(g)	¨	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(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 (15 U.S.C. 80a-3);
	(j)	¨	A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);
	(k)	¨	Group, in accordance with rule 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:

 

Item 4.

Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

 

The Company’s Quarterly Report on Form 10-Q, filed on November 7, 2022, indicates that there were 2,535,838 Shares outstanding as of November 7, 2022.

 

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

 

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

 

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

 

Not applicable.

 

 

CUSIP No: 449534106

 

Item 9.

Notice of Dissolution o f Group

 

Not applicable.

 

Item 10.

Certification

 

Not applicable.

 

 

CUSIP No: 449534106

 

SIGNATURE

 

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.

 

Dated: February 10, 2023

 

G1 EXECUTION SERVICES, LLC		SUSQUEHANNA SECURITIES, LLC
By:	/s/ Brian Sopinsky		By:	/s/ Brian Sopinsky
Name:	Brian Sopinsky		Name:	Brian Sopinsky
Title:	Secretary		Title:	Secretary

 

CUSIP No: 449534106

 

EXHIBIT INDEX

 

EXHIBIT		DESCRIPTION
I		Joint Filing Agreement

 

 

CUSIP No: 449534106

 

EXHIBIT I

 

JOINT FILING AGREEMENT

 

This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Class A Common Stock of IG Acquisition Corp., $0.0001 par value per share, is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

Dated: February 10, 2023

 

G1 EXECUTION SERVICES, LLC		SUSQUEHANNA SECURITIES, LLC
By:	/s/ Brian Sopinsky		By:	/s/ Brian Sopinsky
Name:	Brian Sopinsky		Name:	Brian Sopinsky
Title:	Secretary		Title:	Secretary