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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
Energy Vault Holdings, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
29280W109
(CUSIP Number)
February 11, 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) |
| ☐ | 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. 29280W109 | Schedule 13G | Page 1 of 7 |
| 1 |
Names of Reporting Persons
SB Investment Advisers (UK) Limited | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
England and Wales | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
18,535,631 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,535,631 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
18,535,631 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.9% | |||||
| 12 | Type of Reporting Person
CO | |||||
| CUSIP No. 29280W109 | Schedule 13G | Page 2 of 7 |
| 1 |
Names of Reporting Persons
SoftBank Vision Fund (AIV M2) L.P. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (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
0 | ||||
| 6 | Shared Voting Power
18,535,631 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
18,535,631 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
18,535,631 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
13.9% | |||||
| 12 | Type of Reporting Person
PN | |||||
| CUSIP No. 29280W109 | Schedule 13G | Page 3 of 7 |
| ITEM 1. | (a) Name of Issuer: |
Energy Vault Holdings, Inc. (the “Issuer”).
| (b) | Address of Issuer’s Principal Executive Offices: |
4360 Park Terrace Drive, Suite 100, Westlake Village, California 93161
| ITEM 2. | (a) Name of Person Filing: |
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:
SB Investment Advisers (UK) Limited (“SBIA UK”)
SoftBank Vision Fund (AIV M2) L.P. (“AIV M2”)
| (b) | Address or Principal Business Office: |
The address for SBIA UK is 69 Grosvenor Street, London W1K 3JP, United Kingdom. The address for AIV M2 is 251 Little Falls Drive, Wilmington, DE 19808.
| (c) | Citizenship of each Reporting Person is: |
SBIA UK is organized under the laws of England and Wales. AIV M2 is organized under the laws of the State of Delaware.
| (d) | Title of Class of Securities: |
Common Stock, par value $0.0001 per share (“Common Stock”).
| (e) | CUSIP Number: |
29280W109
| ITEM 3. |
|
Not applicable.
| CUSIP No. 29280W109 | Schedule 13G | Page 4 of 7 |
| ITEM 4. | Ownership. |
(a-c)
The ownership information presented below represents beneficial ownership of Common Stock of the Issuer as the date of this Schedule 13G, based upon 133,633,288 shares of Common Stock outstanding following the consummation of the Business Combination.
| Reporting Person | Amount beneficially owned |
Percent of class: |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Sole of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
| SB Investment Advisers (UK) Limited |
18,535,631 | 13.9 | % | 0 | 18,535,631 | 0 | 18,535,631 | |||||||||||||||||
| SoftBank Vision Fund (AIV M2) L.P. |
18,535,631 | 13.9 | % | 0 | 18,535,631 | 0 | 18,535,631 | |||||||||||||||||
AIV M2 is the record holder of the securities reported herein.
SBIA UK has been appointed as alternative investment fund manager (“AIFM”) of AIV M2. SBIA UK is authorized and regulated by the UK Financial Conduct Authority and is exclusively responsible for making all decisions related to the acquisition, structuring, financing and disposal of AIV M2’s investments. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.
| ITEM 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
| 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. |
Not applicable.
| ITEM 8. | Identification and Classification of Members of the Group. |
Not applicable.
| ITEM 9. | Notice of Dissolution of Group. |
Not applicable.
| CUSIP No. 29280W109 | Schedule 13G | Page 5 of 7 |
| 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.
| CUSIP No. 29280W109 | Schedule 13G | Page 6 of 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.
Date: February 22, 2022
| SB Investment Advisers (UK) Limited | ||
| By: | /s/ Spencer Collins | |
| Name: | Spencer Collins | |
| Title: | General Counsel | |
| SoftBank Vision Fund (AIV M2) L.P. | ||
| By: SB Investment Advisers (UK) Limited, its Manager | ||
| By: | /s/ Spencer Collins | |
| Name: | Spencer Collins | |
| Title: | General Counsel | |
| CUSIP No. 29280W109 | Schedule 13G | Page 7 of 7 |
LIST OF EXHIBITS
| Exhibit No. |
Description | |
| 99 | Joint Filing Agreement. | |