Item 4. Ownership
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) |
Amount Beneficially Owned:
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As of the close of business on September 30, 2024, the reporting persons beneficially owned an aggregate of 33,392,775 of the Issuer’s Class C Common Shares, par value $0.01 per
share (“Class C Common Shares”). Each of the Issuer’s Class C Common Shares is automatically convertible, under certain circumstances, into one of the Issuer’s Class A Common Shares. Specifically, as of the close of business on September 30, 2024:
(i) |
QS 3B, Inc., a company limited by shares incorporated under the laws of the British Virgin Islands (“QS 3B”), beneficially owned 12,954,645 of the Issuer’s Class C Common Shares;
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(ii) |
QS BBB Inc., a company limited by shares incorporated under the laws of the British Virgin Islands (“QS BBB”), beneficially owned 13,107,000 of the Issuer’s Class C Common Shares;
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(iii) |
QS T3B, Inc., a company limited by shares incorporated under the laws of the British Virgin Islands (“QS T3B”), beneficially owned 6,822,414 of the Issuer’s Class C Common Shares, which together with the Issuer’s Class C Common Shares
beneficially owned by QS 3B and QS BBB represented 32,884,059 of the Issuer’s Class C Common Shares; and
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(iv) |
QS Direct SI 2 S.C.A., SICAR, in liquidation, a Luxembourg investment company in risk capital in the form of a Société en Commandite par Actions (“QSD”), beneficially owned 508,716 of the Issuer’s Class C Common Shares.
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QS Management Ltd., a company limited by shares incorporated under the laws of the British Virgin Islands (“QS Management”), is the investment adviser to QS 3B, QS BBB and QS T3B
and may be deemed to have shared voting control and investment discretion over securities owned by QS 3B, QS BBB and QS T3B.
QS Direct SI 2, a Luxembourg Société à responsabilité limitée (“QSD SI”), is the general partner and the liquidator of QSD and may be deemed to have shared voting control and
investment discretion over securities owned by QSD.
Quilvest Capital Partners SA, a Luxembourg Société Anonyme (“QCP SA”), is the owner of all outstanding shares of QS Management and QS Direct SI 2 and may be deemed to have
shared voting control and investment discretion over securities owned by QS 3B, QS BBB, QS T3B and QSD.
QS Finance Ltd., a company limited by shares incorporated under the laws of the British Virgin Islands (“QS Finance”), is the owner of all outstanding Class C shares of each of
QS 3B, QS BBB and QS T3B and may be deemed to have shared voting control and investment discretion over securities owned by QS 3B, QS BBB and QS T3B.
BC Europe, a Luxembourg Société Anonyme (“BCE”), is the owner of all outstanding shares of QS Finance and may be deemed to have shared voting control and investment
discretion over securities owned by QS 3B, QS BBB and QS T3B.
Bemberg Capital, a Luxembourg Société Anonyme (“Bemberg Capital”), is the owner of all outstanding shares of each of QCP SA and BC Europe and may be deemed to have shared
voting control and investment discretion over securities owned by QS 3B, QS BBB, QS T3B, and QSD.
The foregoing should not be construed in and of itself as an admission by QS Management, QSD SI, QCP SA, QS Finance, BCE Europe or Bemberg Capital as to beneficial ownership of the securities owned by QS 3B, QS BBB,
QS T3B or QSD, as the case may be.
(b) Percent of Class:
As of the close of business on September 30, 2024, QS 3B may be deemed to have beneficially owned 12,954,645 of the Issuer’s Class A Common Shares or 25.1% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
As of the close of business on September 30, 2024, QS BBB may be deemed to have beneficially owned 13,107,000 of the Issuer’s Class A Common Shares or 25.3% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
As of the close of business on September 30, 2024, QS T3B may be deemed to have beneficially owned 6,822,414 of the Issuer’s Class A Common Shares or 15.0% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
As of the close of business on September 30, 2024, QS Management, QS Finance and BC Europe each may be deemed to have beneficially owned 32,884,059 of the Issuer’s Class A
Common Shares or 45.9% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
As of the close of business on September 30, 2024, QCP SA and Bemberg Capital each may be deemed to have beneficially owned 33,392,775 of the Issuer’s Class A Common Shares or 46.3% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
As of the close of business on September 30, 2024, QSD SI may be deemed to have beneficially owned 508,716 of the Issuer’s Class A Common Shares or 1.3% of the Issuer’s Class A Common Shares outstanding (see Item 4(a) above).
The above percentages are based on (a) the number of the Issuer’s Class C Common Shares beneficially owned by each reporting person, which are treated as converted into Class A Common Shares only for purposes of this
calculation; divided by (b) (x) 38,709,677 of the Issuer’s Class A Common Shares outstanding as of March 31, 2024, as reported in the Issuer’s Form 20-F filed on April 30, 2024, plus (y) the number of the Issuer’s
Class C Common Shares beneficially owned by such reporting person, which are treated as converted into Class A Common Shares only for purposes of this calculation.
(c) |
Number of shares as to which such person has:
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(i) |
Sole power to vote or to direct the vote
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(ii) |
Shared power to vote or to direct the vote
All shares beneficially owned by such person as described in Item 4(b) above
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(iii) |
Sole power to dispose or to direct the disposition of
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(iv) |
Shared power to dispose or to direct the disposition of
All shares beneficially owned by such person as described in Item 4(b) above
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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 person has 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.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.
Item 8. Identification and Classification of Members of the Group
Item 9. Notice of Dissolution of Group
Not applicable.
Exhibits: