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.
- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
______________________
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. __)*
| EDTECHX HOLDINGS ACQUISITION CORP. |
|
(Name of Issuer)
|
| Common Stock, par value $0.0001 per share |
|
(Title of Class of Securities)
|
| 28138X 103 |
|
(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) |
| ☐ | 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 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 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
IBIS Capital Sponsor 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
United States | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 Shares |
| 6 |
SHARED VOTING POWER
416,000 Shares | |
| 7 |
SOLE DISPOSITIVE POWER
0 Shares | |
| 8 |
SHARED DISPOSITIVE POWER
416,000 Shares |
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
416,000 Shares |
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.3% |
| 12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
2
| 1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
IBIS Capital Sponsor II 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
United States | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 Shares |
| 6 |
SHARED VOTING POWER
740,250 Shares | |
| 7 |
SOLE DISPOSITIVE POWER
0 Shares | |
| 8 |
SHARED DISPOSITIVE POWER
740,250 Shares |
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
740,250 Shares |
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.4% |
| 12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
OO |
3
| 1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Benjamin Vedrenne-Cloquet | |
| 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
France | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 Shares |
| 6 |
SHARED VOTING POWER
1,156,250 Shares | |
| 7 |
SOLE DISPOSITIVE POWER
0 Shares | |
| 8 |
SHARED DISPOSITIVE POWER
1,156,250 Shares |
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,156,250 Shares |
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.6% |
| 12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
4
| 1 |
NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Charles McIntyre | |
| 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
United Kingdom | |
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5 |
SOLE VOTING POWER
0 Shares |
| 6 |
SHARED VOTING POWER
1,156,250 Shares | |
| 7 |
SOLE DISPOSITIVE POWER
0 Shares | |
| 8 |
SHARED DISPOSITIVE POWER
1,156,250 Shares |
| 9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,156,250 Shares |
| 10 |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
14.6% |
| 12 |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN |
5
| Item 1(a). | Name of Issuer: |
| EdtechX Holdings Acquisition Corp. (“Issuer”) | |
| Item 1(b.) | Address of Issuer’s Principal Executive Offices: |
| 22 Soho Square, 3rd Floor IBIS Capital, London W1D 4NS, United Kingdom. | |
| Item 2(a). | Name of Person Filing: |
This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:
| (i) | IBIS Capital Sponsor LLC (“IBIS Sponsor”) is a Delaware limited liability company. Benjamin Vedrenne-Cloquet and Charles McIntyre are managing members of IBIS Sponsor and may be deemed to share voting and dispositive control over the shares held by IBIS Sponsor. | |
| (ii) | IBIS Capital Sponsor II LLC (“IBIS Sponsor II”) is a Delaware limited liability company. Benjamin Vedrenne-Cloquet and Charles McIntyre are managing members of IBIS Sponsor II and may be deemed to share voting and dispositive control over the shares held by IBIS Sponsor II. |
| 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: | |
| c/o EdtechX Holdings Acquisition Corp. | |
| 22 Soho Square, 3rd Floor IBIS Capital, London W1D 4NS, United Kingdom. | |
| Item 2(c). | Citizenship: |
| IBIS Sponsor – Delaware, United States | |
| IBIS Sponsor II – Delaware, United States | |
| Benjamin Vedrenne-Cloquet – French | |
| Charles McIntyre – United Kingdom | |
| Item 2(d). | Title of Class of Securities: |
| Common Stock, par value $0.0001 per share (“Common Stock”) | |
| Item 2(e). | CUSIP Number: |
| 28138X 103 | |
| 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 Exchange Act; | |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Exchange Act; | |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Exchange Act; | |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act; | |
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(ii)(G) |
6
| (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; | |
| (j) | ☐ | A non-U.S. institution, in accordance with Rule 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 Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: |
| Item 4. | Ownership. |
| (a) Amount Beneficially Owned: 1,156,250 shares of Common Stock. | |
| This amount represents 416,000 shares of Common Stock held by IBIS Sponsor and 740,250 shares of Common Stock held by IBIS Sponsor II. This amount does not include (i) 832,000 shares of Common Stock issuable upon the exercise of warrants held by IBIS Sponsor or (ii) 1,549,250 shares of Common Stock issuable upon the exercise of warrants held by IBIS Sponsor II, none of which are exercisable and will not be exercisable within 60 days. Benjamin Vedrenne-Cloquet and Charles McIntyre are managing members of each of IBIS Sponsor and IBIS Sponsor II and may be deemed to share voting and dispositive control over the shares held by IBIS Sponsor and IBIS Sponsor II. Messrs. Vedrenne-Cloquet and McIntyre disclaim beneficial ownership of such shares except to the extent of their pecuniary interest therein. | |
| (b) Percent of Class: 14.6% | |
| (c) Number of shares as to which the person has |
| (i) Sole power to vote or direct the vote: 0 | |
| (ii) Shared power to vote or direct the vote: 1,156,250 | |
| (iii) Sole power to dispose or direct the disposition: 0 | |
| (iv) Shared power to dispose or direct the disposition: 1,156,250 |
| 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 or Control Person. |
| None. | |
| Item 8. | Identification and Classification of Members of the Group. |
| None. | |
| Item 9. | Notice of Dissolution of Group. |
| None. | |
| Item 10. | Certifications. |
| None. |
7
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 13, 2020
| IBIS CAPITAL SPONSOR LLC | |||
| By: | /s/ Charles McIntyre | ||
| Name: | Charles McIntyre | ||
| Title: | Managing Member | ||
| IBIS CAPITAL SPONSOR II LLC | |||
| By: | /s/ Charles McIntyre | ||
| Name: | Charles McIntyre | ||
| Title: | Managing Member | ||
| /s/ Benjamin Vedrenne-Cloquet | |||
| Benjamin Vedrenne-Cloquet | |||
| /s/ Charles McIntyre | |||
| Charles McIntyre | |||
8
Exhibit 1
JOINT FILING AGREEMENT
The undersigned hereby agree that this Schedule 13G (as so amended, the “Schedule 13G”) with respect to the Common Stock of EdtechX Holdings Acquisition Corp. is, and any additional amendment thereto signed by each of the undersigned shall be, filed on behalf of each undersigned pursuant to and in accordance with the provisions of 13d-1(k) under the Securities Exchange Act of 1934, as amended, and that all subsequent amendments to the Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.
Dated: February 13, 2020
| IBIS CAPITAL SPONSOR LLC | |||
| By: | /s/ Charles McIntyre | ||
| Name: | Charles McIntyre | ||
| Title: | Managing Member | ||
| IBIS CAPITAL SPONSOR II LLC | |||
| By: | /s/ Charles McIntyre | ||
| Name: | Charles McIntyre | ||
| Title: | Managing Member | ||
| /s/ Benjamin Vedrenne-Cloquet | |||
| Benjamin Vedrenne-Cloquet | |||
| /s/ Charles McIntyre | |||
| Charles McIntyre | |||