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.
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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 §240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO §240.13d-2
(Amendment No. N/A)*
| InterPrivate Acquisition Corp. |
| (Name of Issuer) |
| Common Stock, par value $0.0001 per share |
| (Title of Class of Securities) |
| 46064A103 |
| (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) |
| ☒ | 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).
| CUSIP No. 46064A103 | 13G | Page 2 of 7 Pages |
| 1. |
NAMES OF REPORTING PERSONS
| |
| 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
| |
|
NUMBER OF SHARES |
5. |
SOLE VOTING POWER 0 |
| 6. |
SHARED VOTING POWER 6,538,581* | |
| EACH REPORTING PERSON WITH |
7. |
SOLE DISPOSITIVE POWER 0 |
| 8. |
SHARED DISPOSITIVE POWER 6,538,581* |
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,538,581* |
| 10. |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 21.1%* |
| 12. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
| * | The securities are held directly by InterPrivate Acquisition Management LLC (the “Sponsor”) of which InterPrivate Capital LLC is sole manager. InterPrivate Capital LLC is a wholly owned subsidiary of InterPrivate LLC, an entity controlled by Ahmed Fattouh. Accordingly, all securities held by the Sponsor may ultimately be deemed to be beneficially held by Mr. Fattouh. Certain of the Issuer’s other officers and directors hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Fattouh and such other officers and directors disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein. |
| CUSIP No. 46064A103 | 13G | Page 3 of 7 Pages |
| 1. |
NAMES OF REPORTING PERSONS
| |
| 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
| |
|
NUMBER OF SHARES |
5. |
SOLE VOTING POWER 0 |
| 6. |
SHARED VOTING POWER 6,538,581* | |
| EACH REPORTING PERSON WITH |
7. |
SOLE DISPOSITIVE POWER 0 |
| 8. |
SHARED DISPOSITIVE POWER 6,538,581* |
| 9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,538,581* |
| 10. |
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ☐
|
| 11. |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 21.1% |
| 12. |
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
| * | The securities are held directly by the Sponsor of which InterPrivate Capital LLC is sole manager. InterPrivate Capital LLC is a wholly owned subsidiary of InterPrivate LLC, an entity controlled by Ahmed Fattouh. Accordingly, all securities held by the Sponsor may ultimately be deemed to be beneficially held by Mr. Fattouh. Certain of the Issuer’s other officers and directors hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Fattouh and such other officers and directors disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein. |
| CUSIP No. 46064A103 | 13G | Page 4 of 7 Pages |
| Item 1(a). | Name of Issuer: |
| InterPrivate Acquisition Corp. (the “Issuer”) | |
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
| 1350 Avenue of the Americas, New York, NY 10019 | |
| Item 2(a). | Name of Person Filing: |
|
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
(i) InterPrivate Acquisition Management LLC (the “Sponsor”) (ii) Ahmed Fattouh | |
| Item 2(b). | Address of Principal Business Office or, if None, Residence: |
| The principal business address of each of the Reporting Persons is 1350 Avenue of the Americas, New York, NY 10019 | |
| Item 2(c). | Citizenship: |
| The Sponsor is a Delaware limited liability company and Mr. Ahmed is a citizen of the United States of America. | |
| Item 2(d). | Title of Class of Securities: |
| Common Stock, $0.0001 par value (the “Shares”) | |
| Item 2(e). | CUSIP Number: |
| 46064A103 | |
| 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); |
| CUSIP No. 46064A103 | 13G | Page 5 of 7 Pages |
| (g) | ☐ | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); | |
| (h) | ☐ | A savings associations 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 (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 § 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:
Not Applicable.
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.
Disclosure for each Reporting Person:
| (a) | Amount beneficially owned: |
Sponsor - 6,538,581
Ahmed Fattouh - 6,538,581
| (b) | Percent of class: |
Sponsor – 21.1%
Ahmed Fattouh – 21.1%
| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: |
Sponsor - 0
Ahmed Fattouh - 0
| (ii) | Shared power to vote or to direct the vote: |
Sponsor - 6,538,581
Ahmed Fattouh - 6,538,581
| CUSIP No. 46064A103 | 13G | Page 6 of 7 Pages |
| (iii) | Sole power to dispose or to direct the disposition of: |
Sponsor - 0
Ahmed Fattouh - 0
| (iv) | Shared power to dispose or to direct the disposition of: |
Sponsor - 6,538,581
Ahmed Fattouh - 6,538,581
The Sponsor beneficially owns 6,538,581 shares of Common Stock, which represents 21.1% of the total shares of Common Stock issued and outstanding as of December 31, 2020, based on an aggregate of 31,055,500 shares of Common Stock outstanding as of December 31, 2020.
The securities are held directly by the Sponsor of which InterPrivate Capital LLC is sole manager. InterPrivate Capital LLC is a wholly owned subsidiary of InterPrivate LLC, an entity controlled by Ahmed Fattouh. Accordingly, all securities held by the Sponsor may ultimately be deemed to be beneficially held by Mr. Fattouh. Certain of the Issuer’s other officers and directors hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Fattouh and such other officers and directors disclaims beneficial ownership of such securities except to the extent of his or her pecuniary interest therein.
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 ☐.
Not Applicable.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
The members of the Sponsor, which includes certain of the Issuer’s other officers and directors, hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor, which gives them the right to receive a portion of the dividends from, and proceeds from the sale of, the Common Stock beneficially owned by the Sponsor.
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.
See Exhibit 1.
Item 9. Notice of Dissolution of Group.
Not Applicable.
Item 10. Certifications.
Not Applicable.
| CUSIP No. 46064A103 | 13G | Page 7 of 7 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.
| Date: February 16, 2021 | |||
| INTERPRIVATE ACQUISITION MANAGEMENT LLC | |||
| By: | /s/ InterPrivate Capital LLC | ||
| By: | /s/ Ahmed Fattouh | ||
| Name: | Ahmed Fattouh | ||
| Title: | Managing Member of InterPrivate LLC, the Manager of InterPrivate Capital LLC | ||
| /s/ Ahmed Fattouh | |||
| Name: | Ahmed Fattouh | ||
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. 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 her, him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that she, he or it knows or has reason to believe that such information is inaccurate.
| INTERPRIVATE ACQUISITION MANAGEMENT LLC | |||
| By: | /s/ InterPrivate Capital LLC | ||
| By: | /s/ Ahmed Fattouh | ||
| Name: | Ahmed Fattouh | ||
| Title: | Managing Member of InterPrivate LLC, the Manager of InterPrivate Capital LLC | ||
| /s/ Ahmed Fattouh | |||
| Name: | Ahmed Fattouh | ||