Sec Form 13G Filing - CGA Sponsor LLC filing for Corner Growth Acquisition Corp. (COOL) - 2024-02-14

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

(Amendment No. 1)*

 

 

CORNER GROWTH ACQUISITION CORP.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G2425N 105

(CUSIP Number)

December 31, 2023

(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 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).

 

 

 


 1.   

 Names of Reporting Persons

 

 CGA Sponsor, 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

 

 0

   6.  

 Shared Voting Power

 

 9,825,001

   7.  

 Sole Dispositive Power

 

 0

   8.  

 Shared Dispositive Power

 

 9,825,001

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 9,825,001(1)

10.  

 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 ☐

11.  

 Percent of Class Represented By Amount in Row (9)

 

 95.9%(2)

12.  

 Type of Reporting Person (See Instructions)

 

 OO

 

(1)

Includes 1 Class A Ordinary Share (“Class A Share”) issuable in respect of 1 Class B ordinary share (the “Class B Share”), which is convertible into one Class A Share at the option of the holder.

(2)

Calculated based upon 10,244,938 Class A Shares outstanding as of November 13, 2023, as reported in the Issuer’s Form 10-Q/A filed January 2, 2024, as increased by 1 Class A Share issuable in respect of the Class B Share.


 1.   

 Names of Reporting Persons

 

 John J. Cadeddu

 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

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.   

 Sole Voting Power

 

 0

   6.  

 Shared Voting Power

 

 9,825,001

   7.  

 Sole Dispositive Power

 

 0

   8.  

 Shared Dispositive Power

 

 9,825,001

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 9,825,001(1)

10.  

 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 ☐

11.  

 Percent of Class Represented By Amount in Row (9)

 

 95.9%(2)

12.  

 Type of Reporting Person (See Instructions)

 

 IN

 

(1)

Includes 1 Class A Share issuable in respect of the Class B Share, which is convertible into one Class A Share at the option of the holder.

(2)

Calculated based upon 10,244,938 Class A Shares outstanding as of November 13, 2023, as reported in the Issuer’s Form 10-Q/A filed January 2, 2024, as increased by 1 Class A Share issuable in respect of the Class B Share.


 1.   

 Names of Reporting Persons

 

 Marvin Tien

 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

Number of

Shares

 Beneficially 

Owned By

Each

Reporting

Person

With

   5.   

 Sole Voting Power

 

 0

   6.  

 Shared Voting Power

 

 9,825,001

   7.  

 Sole Dispositive Power

 

 0

   8.  

 Shared Dispositive Power

 

 9,825,001

 9.   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 9,825,001(1)

10.  

 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 ☐

11.  

 Percent of Class Represented By Amount in Row (9)

 

 95.9%(2)

12.  

 Type of Reporting Person (See Instructions)

 

 IN

 

(1)

Includes 1 Class A Share issuable in respect of the Class B Share, which is convertible into one Class A Share at the option of the holder.

(2)

Calculated based upon 10,244,938 Class A Shares outstanding as of November 13, 2023, as reported in the Issuer’s Form 10-Q/A filed January 2, 2024, as increased by 1 Class A Share issuable in respect of the Class B Share.


Item 1(a).

Name of Issuer

Corner Growth Acquisition Corp. (the “Issuer”)

 

Item 1(b).

Address of the Issuer’s Principal Executive Offices

251 Lytton Avenue, Suite 200

Palo Alto, CA 94301

 

Item 2(a).

Names of Persons Filing

This statement is filed by the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:

 

  (i)

CGA Sponsor, LLC

  (ii)

John T. Cadeddu

  (iii)

Marvin Tien

 

Item 2(b).

Address of the Principal Business Office, or if none, Residence

251 Lytton Avenue, Suite 200

Palo Alto, CA 94301

 

Item 2(c).

Citizenship

See responses to Item 4 on each cover page.

 

Item 2(d).

Title of Class of Securities

Class A ordinary shares, $0.0001 par value per share

 

Item 2(e).

CUSIP Number

G2425N 105

 

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 (n):

Not Applicable

 

Item 4.

Ownership

 

  (a)

Amount beneficially owned:

See responses to Item 9 on each cover page.

 

  (b)

Percent of Class:

See responses to Item 11 on each cover page.

 

  (c)

Number of shares as to which the Reporting Person has:

 

  (i)

Sole power to vote or to direct the vote:

See responses to Item 5 on each cover page.

 

  (ii)

Shared power to vote or to direct the vote:

See responses to Item 6 on each cover page.

 

  (iii)

Sole power to dispose or to direct the disposition of:

See responses to Item 7 on each cover page.

 

  (iv)

Shared power to dispose or to direct the disposition of:

See responses to Item 8 on each cover page.


CGA Sponsor, LLC, is the record holder of the shares reported herein. John J. Cadeddu and Marvin Tien control the Sponsor and, as such, may be deemed to have voting and dispositive power over the securities held by the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor.

 

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

 

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 14, 2024

 

CGA SPONSOR, LLC
By:  

/s/ Marvin Tien

Name:   Marvin Tien
Title:   Authorized Signatory

/s/ John T. Cadeddu

John T. Cadeddu

/s/ Marvin Tien

Marvin Tien


EXHIBIT LIST

 

Exhibit A    Joint Filing Agreement, dated as of February 12, 2021, incorporated by reference to the Schedule 13G filed February 12, 2021.