Sec Form 13G Filing - LHAC Sponsor LLC @ Lerer Hippeau Acquisition Corp.

Sec Form 13G Filing - LHAC Sponsor LLC filing for Lerer Hippeau Acquisition Corp. (LHAA) - 2022-12-20

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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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1 – Exit Filing)*

Lerer Hippeau Acquisition Corp.

(Name of Issuer)

Class A common stock, $0.0001 par value per share

(Title of Class of Securities)

526749106

(CUSIP Number)

December 14, 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. 526749106

CUSIP No. 526749106

CUSIP No. 526749106

CUSIP No. 526749106

Explanatory Note

The Reporting Persons filed a Schedule 13G with respect to the Class A common stock, $0.0001 par value per share (“Class A Common Stock”), of Lerer Hippeau Acquisition Corp. (the “Issuer”) on February 11, 2022 (the “Original Schedule 13G”). The Issuer was unable to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended. On December 14, 2022, the Issuer liquidated or cancelled all of its Class A Common Stock. As a result, the Reporting Persons no longer beneficially own any shares of Class A Common Stock. Therefore, the Reporting Persons are filing this Amendment No. 1 (the “Amendment”) to amend and supplement the Original Schedule 13G and it shall constitute an “exit” filing by the Reporting Persons. Terms used but not defined in this Amendment are so defined in the Original Schedule 13G.

Item 1(a).

Name of Issuer:

Lerer Hippeau Acquisition Corp.

Item 1(b).

Address of Issuer’s Principal Executive Offices:

100 Crosby Street, Suite 201

New York, New York 10012

Item 2(a).

Names of Persons Filing:

This Amendment is being filed on behalf of each of the following persons (each, a “Reporting Person”):

(i)

LHAC Sponsor LLC;

(ii)

Eric Hippeau;

(iii)

Kenneth B. Lerer; and

(iv)

Benjamin Lerer.

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 100 Crosby Street, Suite 201, New York, New York 10012.

Item 2(c).

Citizenship:

(i)

LHAC Sponsor LLC is a Delaware limited liability company;

(ii)

Mr. Eric Hippeau is a citizen of the United States;

(iii)

Mr. Kenneth B. Lerer is a citizen of the United States; and

(iv)

Mr. Benjamin Lerer is a citizen of the United States.

Item 2(d).

Title of Class of Securities:

Class A common stock, $0.0001 par value per share.

Item 2

(e). CUSIP N umber:

526749106

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 advisor 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 § 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership.

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

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 Persons have 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.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

By signing below each of the Reporting Persons certifies that, to the best of such person’s knowledge and belief, the securities referred to above were acquired and were held in the ordinary course of business and were not acquired and were 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 were not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

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

Date: December 20, 2022


LHAC SPONSOR LLC

By: KEB II LLC, its Managing Member

By:		/s/ Eric Hippeau
Name:		Eric Hippeau
Title:		Authorized Signatory

By:		/s/ Kenneth B. Lerer
Name:		Kenneth B. Lerer
Title:		Authorized Signatory

By:		/s/ Benjamin Lerer
Name:		Benjamin Lerer
Title:		Authorized Signatory

ERIC HIPPEAU

By:		/s/ Eric Hippeau

KENNETH B. LERER

By:		/s/ Kenneth B. Lerer

BENJAMIN LERER

By:		/s/ Benjamin Lerer

NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

  LHAC Sponsor LLC

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware