Sec Form 13G Filing - Future Health ESG Associates 1 LLC filing for Future Health ESG Corp. (FHLT) - 2023-02-13

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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

 

Future Health ESG Corp.

(Name of Issuer)

 

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

 

36118W102

(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 disclosures provided in a prior cover page.

 

The information required on 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. 36118W102

                   
1    

  NAME OF REPORTING PERSONS

 

Future Health ESG Associates 1, 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

 

  6  

  SHARED VOTING POWER

 

2,625,000(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

2,625,000(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

2,625,000(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

39.8%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

OO

 

 

 

 

CUSIP No. 36118W102

                   
1    

  NAME OF REPORTING PERSONS

 

Travis A. Morgan

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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5    

  SOLE VOTING POWER

 

0

  6  

  SHARED VOTING POWER

 

3,134,576(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

3,134,576(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,134,576(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

47.6%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

IN

 

 

 

 

CUSIP No. 36118W102

     
1    

  NAME OF REPORTING PERSONS

 

Bradley A. Bostic

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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5    

  SOLE VOTING POWER

 

0

  6  

  SHARED VOTING POWER

 

3,134,576(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

3,134,576(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

3,134,576(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

47.6%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

IN

                 

 

 

 

CUSIP No. 36118W102

         
1    

  NAME OF REPORTING PERSONS

 

m2 Enterprises Holdings, 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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5    

  SOLE VOTING POWER

 

0

  6  

  SHARED VOTING POWER

 

489,375(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

489,375(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

489,375(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.4%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

OO

                 

 

 

 

 

CUSIP No. 36118W102

         
1    

  NAME OF REPORTING PERSONS

 

BEA Holdings, 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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5    

  SOLE VOTING POWER

 

0

  6  

  SHARED VOTING POWER

 

489,375(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

489,375(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

489,375(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

7.4%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

OO

               

 

 

 

CUSIP No. 36118W102

             
1    

  NAME OF REPORTING PERSONS

 

MB Equity, 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 of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  5    

  SOLE VOTING POWER

 

0

  6  

  SHARED VOTING POWER

 

20,201(1)

  7  

  SOLE DISPOSITIVE POWER

 

0

  8  

  SHARED DISPOSITIVE POWER

 

20,201(1)(2)

9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

20,201(1)(2)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES See footnote (2) below.

 

¨

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.3%(1)(2)(3)

12  

  TYPE OF REPORTING PERSON (See Instructions)

 

OO

                       
(1) See Item 4. These are founder shares purchased prior to the Issuer’s initial public offering as more fully described under the heading “Description of Securities-Founder Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-258911) (the “Registration Statement”). Bradley A. Bostic and Travis A. Morgan are the managers of Future Health ESG Associates 1, LLC (the “Sponsor”). Mr.& #xA0;Bostic and his spouse own 100% of BEA Holdings, LLC. Mr. Morgan and his spouse own 100% of m2 Enterprises Holdings, LLC. Each of Messrs. Bostic and Morgan is a manager and 50% owner of MB Equity, LLC. Consequently, (i) Mr. Bostic may be deemed the beneficial owner of the shares held by Future Health ESG Associates 1, LLC, BEA Holdings, LLC, and MB Equity, LLC and has shared voting and dispositive control over such securities and (ii) Mr. Morgan may be deemed the beneficial owner of the shares held by Future Health ESG Associates 1, LLC, m2 Enterprises Holdings, LLC, and MB Equity, LLC and has shared voting and dispositive control over such securities. As contemplated in connection with the initial public offering of the Issuer, 750,000 of the founder shares were forfeited by the holders thereof to the Issuer for no consideration and cancelled because the underwriters of the Issuer’s initial public offering did not exercise their over-allotment option as described in the Registration Statement.
(2) Excludes (i) 6,375,000 shares which may be purchased by exercising warrants that are not presently exercisable and (ii) 112,499 shares held directly by hc1 Insights, Inc. (formerly known as hc1.com, Inc.) as the Reporting Persons do not have voting and dispositive control over such securities.
(3) Based on 6,591,537 shares of common stock issued and outstanding as of January 9, 2023 as reported in the Issuer’s definitive proxy statement filed with the Securities and Exchange Commission on January 19, 2023.

 

 

 

 

Item 1(a). Name of Issuer

 

Future Health ESG Corp. (the “Issuer”)

 

Item 1(b). Address of the Issuer’s Principal Executive Offices

 

8 The Green, Suite 12081, Dover, DE 19901

 

Item 2(a). Names of Persons Filing

 

Future Health ESG Associates 1, LLC

Bradley A. Bostic

Travis A. Morgan

m2 Enterprises Holdings, LLC

BEA Holdings, LLC

MB Equity, LLC (collectively, the “Reporting Persons”)

 

Item 2(b). Address of the Principal Business Office, or if none, Residence:

 

8 The Green, Suite 12081, Dover, DE 19901

 

Item 2(c). Citizenship

 

Future Health ESG Associates 1, LLC is a limited liability company formed in Delaware.

Messrs. Bostic and Morgan are citizen of the United States of America.

m2 Enterprises Holdings, LLC is a limited liability company formed in Indiana.

BEA Holdings, LLC is a limited liability company formed in Indiana.

MB Equity, LLC is a limited liability company formed in Indiana.

 

 

 

 

Item 2(d). Title of Class of Securities

 

Common stock, $0.0001 par value per share.

 

The shares of common stock are the class of common stock of the Issuer registered pursuant to the Act.

 

Item 2(e). CUSIP Number

 

36118W102

 

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)(b) or 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)(1)(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)(1)(ii)(g) .

 

  ¨ (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) Group, in accordance with Rule 13d-1 (b)(1)(ii)(j).

 

Not applicable

 

Item 4. Ownership

 

The responses to Items 5-11 of the cover pages of this Schedule 13G are incorporated herein by reference.

 

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 power to
dispose or to
direct the
disposition of
   Shared power
to dispose or to
direct the
disposition of
 
Future Health ESG Associates 1, LLC   2,625,000    39.8%   0    2,625,000    0    2,625,000 
Bradley A. Bostic   3,134,576    47.6%   0    3,134,576    0    3,134,576 
Travis A. Morgan   3,134,576    47.6%   0    3,134,576    0    3,134,576 
m2 Enterprises Holdings, LLC   489,375    7.4%   0    489,375    0    489,375 
BEA Holdings, LLC   489,375    7.4%   0    489,375    0    489,375 
MB Equity, LLC   20,201    0.3%   0    20,201    0    20,201 

 

 

 

 

The percentage of the shares of common stock held by the Reporting Persons is based on 6,591,537 shares of common stock issued and outstanding as of January 9, 2023 as reported in the Issuer’s definitive proxy statement filed with the Securities and Exchange Commission on January 19, 2023.

 

Messrs. Bostic and Morgan are the managers of Future Health ESG Associates 1, LLC. Mr. Bostic and his spouse own 100% of BEA Holdings, LLC. Mr. Morgan and his spouse own 100% of m2 Enterprises Holdings, LLC. Each of Messrs. Bostic and Morgan is a manager and 50% owner of MB Equity, LLC. Consequently, (i) Mr. Bostic may be deemed the beneficial owner of the shares held by Future Health ESG Associates 1, LLC, BEA Holdings, LLC, and MB Equity, LLC and has shared voting and dispositive control over such securities and (ii) Mr. Morgan may be deemed the beneficial owner of the shares held by Future Health ESG Associates 1, LLC, m2 Enterprises Holdings, LLC, and MB Equity, LLC and has shared voting and dispositive control over such securities.

 

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 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

 

Not Applicable

 

 

 

 

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, 2023

 

  Future Health ESG Associates 1, LLC,
  a Delaware limited liability company
     
  By:

/s/ Bradley A. Bostic

    Name: Bradley A. Bostic
    Title: Manager
     
  By: /s/ Travis A. Morgan
    Name: Travis A. Morgan
    Title: Manager
   
 

/s/ Bradley A. Bostic

  Bradley A. Bostic
   
  /s/ Travis A. Morgan
  Travis A. Morgan
   
  m2 Enterprises Holdings, LLC,
  an Indiana limited liability company
     
  By:

/s/ Travis A. Morgan

    Name: Travis A. Morgan
    Title: Manager
     
  BEA Holdings, LLC,
  an Indiana limited liability company
   
  By: /s/ Bradley A. Bostic
    Name: Bradley A. Bostic
    Title: Manager
     
  MB Equity, LLC,
  an Indiana limited liability company
     
  By:

/s/ Travis A. Morgan

    Name: Travis A. Morgan
    Title: Manager
     
  By: /s/ Bradley A. Bostic
    Name: Bradley A. Bostic
    Title: Manager

 

 

 

 

EXHIBIT INDEX

 

Exhibit
No.

 

Description

   
99.1   Joint Filing Agreement, dated as of February 13, 2023 by and among Future Health ESG Associates 1, LLC, Bradley A. Bostic, Travis A. Morgan, m2 Enterprises Holdings, LLC, BEA Holdings, LLC, and MB Equity, LLC