Sec Form 13G Filing - Vertex Legacy Continuation Fund Pte Ltd. filing for SES AI Corp (SES) - 2022-02-10

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

 

 

 

SES AI Corporation

(Name of Issuer)

 

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

 

78397Q 109

(CUSIP Number)

February 2, 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 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. 78397Q 109   SCHEDULE 13G   Page 2 of 4

 

1

  NAME OF REPORTING PERSON

 

  Vertex Legacy Continuation Fund Pte Ltd. 

2

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

3

  SEC USE ONLY

 

4

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Singapore  

NUMBER OF

SHARES

BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

  SOLE VOTING POWER

 

  32,256,315* 

  SHARED VOTING POWER

 

  0 

7

  SOLE DISPOSITIVE POWER

 

  32,256,315* 

  SHARED DISPOSITIVE POWER

 

  0 

9

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  32,256,315* 

10

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐ 

11

  PERCENT OF CLASS REPRESENTED BY AMOUNT I N ROW (9)

 

  10.6% 

12

  TYPE OF REPORTING PERSON

 

  CO 

  

*Includes 2,894,586 of earn-out shares that shall vest on the date that the closing price of the shares of the Issuer’s Class A common stock equals or exceeds $18.00 during the period beginning on the date that is one year following the closing of the business combination (the “Closing”) and ending on the date that is five years following the Closing. The earn-out shares are held in escrow and are holders of such shares are entitled to exercise the voting rights carried by the earn-out shares and are entitled to receive any dividends or other distributions made in respect thereof.

 

 

 

 

CUSIP No. 78397Q 109   SCHEDULE 13G   Page 3 of 4

 

Item 1(a). Name of Issuer

 

SES AI Corporation (the “Issuer”)

 

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

 

1177 Avenue of the Americas, 5th Floor, New York, NY 10036

 

Item 2(a). Name of Person Filing

 

Vertex Legacy Continuation Fund Pte Ltd.

 

Item 2(b). Address of Principal Business Office or, if None, Residence

 

250 North Bridge Road

#11-01 Raffles City Tower

Singapore 179101

 

Item 2(c). Citizenship

 

Singapore

 

Item 2(d). Title of Class of Securities

 

Class A Common Stock, par value $0.0001 per share

 

Item 2(e). CUSIP Number

 

78397Q 109

 

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

 

Not applicable.

 

Item 4. Ownership

 

With respect to the beneficial ownership of the Reporting Person, see Items 5 through 11 of the cover pages to this Schedule 13G, which are incorporated herein by reference.

 

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. 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.

 

 

 

  

CUSIP No. 78397Q 109   SCHEDULE 13G   Page 4 of 4

 

SIGNATURES

 

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 10, 2022

 

  Vertex Legacy Continuation Fund Pte Ltd.
   
  /s/ Chua Kee Lock
  Chua Kee Lock
Director