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
Under the Securities Exchange Act of 1934
(Amendment No. )*
Transphorm, Inc.
(Name of Issuer)
Common stock, par value $0.0001 per share
(Title of Class of Securities)
89386L100
(CUSIP Number)
November 9, 2021
(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. 89386L100
| 1. |
Names of Reporting Persons
SAS Capital Co., Ltd. | |||||
| 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
Taiwan (R.O.C.) | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
5. | Sole Voting Power
4,834,000 shares (1) | ||||
| 6. | Shared Voting Power
0 | |||||
| 7. | Sole Dispositive Power
4,834,000 shares (1) | |||||
| 8. | Shared Dispositive Power
0 | |||||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,834,000 shares (1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
9.08% (2) | |||||
| 12. | Type of Reporting Person (See Instructions)
CO | |||||
| (1) | Consists of (i) 3,000,000 shares of common stock held by the reporting person, (ii) 625,667 shares of common stock issuable upon exercise of warrants held by the reporting person, (iii) 1,000,000 shares of common stock that may be acquired in the future by the reporting person upon exercise of a right to purchase such shares, and (iv) 208,333 shares of common stock issuable upon exercise of a warrant that may be acquired in the future in connection with the purchase of the shares of common stock described in clause (iii). |
| (2) | Percentage ownership is based on 53,227,770 shares of the Issuer’s common stock, consisting of (i) 51,393,770 shares outstanding as of November 19 2021, as reported by the Issuer in its Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on November 24, 2021, (ii) 625,667 shares issuable upon exercise of warrants held by the reporting person, (iii) 1,000,000 shares that may be acquired in the future by the reporting person upon exercise of a right to purchase such shares, and (iv) 208,333 shares of common stock issuable upon exercise of a warrant that may be acquired in the future in connection with the purchase of the shares of common stock described in clause (iii). |
| Item 1(a) | Name of Issuer: |
Transphorm, Inc.
| Item 1(b) | Address of Issuer’s Principal Executive Offices: |
75 Castilian Drive
Goleta, CA 93117
| Item 2 | (a) Name of Person Filing: |
SAS Capital Co., Ltd.
| Item 2 | (b) Address of Principal Business Office or, if none, Residence: |
2 F., No. 1, Sec. 2, Ligong 1st Rd.
Wujie Township, Yilan County 26841
Taiwan (R.O.C.)
| Item 2 | (c) Citizenship: |
SAS Capital Co., Ltd. is incorporated in Taiwan (R.O.C.)
| Item 2 | (d) Title of Class of Securities: |
Common stock, par value $0.0001 per share
| Item 2 | (e) CUSIP Number: |
89386L100
| 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: |
Not applicable.
| Item 4. | Ownership. |
(a) Amount beneficially owned:
See Row 9 of cover page.
(b) Percent of class:
See Row 11 of cover page.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page.
(iii) Sole power to dispose or to direct the disposition of:
See Row 7 of cover page.
(iv) Shared power to dispose or to direct the disposition of:
See Row 8 of cover page.
| Item 5. | Ownership of 5 Percent or Less of a Class. |
Not applicable.
| Item 6. | Ownership of More than 5 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. | Certifications. |
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.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the inform ation set forth in this statement is true, complete and correct.
Date: December 8, 2021
| SAS CAPITAL CO., LTD. | ||
| By: | /s/ Doris Hsu | |
| Name: | Doris Hsu | |
| Title: | Chairperson | |