0001193125-23-039560.txt : 20230215 0001193125-23-039560.hdr.sgml : 20230215 20230214212028 ACCESSION NUMBER: 0001193125-23-039560 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20230215 DATE AS OF CHANGE: 20230214 GROUP MEMBERS: DELAWARE PROJECT 11 L.L.C. GROUP MEMBERS: PHOENIX SPAC HOLDCO LLC GROUP MEMBERS: SBLA HOLDINGS (CAYMAN) L.P. GROUP MEMBERS: SBLA INVESTMENTS II LLC GROUP MEMBERS: SBLA LATIN AMERICA FUND LLC GROUP MEMBERS: SLA INVESTMENTS IV LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Valor Latitude Acquisition Corp. CENTRAL INDEX KEY: 0001843091 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92542 FILM NUMBER: 23633349 BUSINESS ADDRESS: STREET 1: C/O MAPLES CORPORATE SERVICES LIMITED STREET 2: PO BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: 1 345 949 8066 MAIL ADDRESS: STREET 1: C/O MAPLES CORPORATE SERVICES LIMITED STREET 2: PO BOX 309, UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOFTBANK GROUP CORP. CENTRAL INDEX KEY: 0001065521 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1-7-1 KAIGAN STREET 2: MINATO-KU CITY: TOKYO STATE: M0 ZIP: 105-7537 BUSINESS PHONE: 01181368892260 MAIL ADDRESS: STREET 1: 1-7-1 KAIGAN STREET 2: MINATO-KU CITY: TOKYO STATE: M0 ZIP: 105-7537 FORMER COMPANY: FORMER CONFORMED NAME: SOFTBANK GROUP CORP DATE OF NAME CHANGE: 20150702 FORMER COMPANY: FORMER CONFORMED NAME: SOFTBANK CORP DATE OF NAME CHANGE: 19980708 SC 13G/A 1 d423484dsc13ga.htm SC 13G/A SC 13G/A

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

 

 

Valor Latitude Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G9460N106

(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)

 

☒

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. G9460N106    Schedule 13G    Page 1 of 13

 

  1    

  Names of Reporting Persons

 

  SoftBank Group Corp.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Japan

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  CO

 

CUSIP No. G9460N106    Schedule 13G    Page 2 of 13

 

  1    

  Names of Reporting Persons

 

  Delaware Project 11 L.L.C.

  2  

  Check the Appropriate Box if a Member of a Group

  (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

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 

CUSIP No. G9460N106    Schedule 13G    Page 3 of 13

 

  1    

  Names of Reporting Persons

 

  SBLA Latin America Fund LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (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

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 

CUSIP No. G9460N106    Schedule 13G    Page 4 of 13

 

  1    

  Names of Reporting Persons

 

  SBLA Investments II LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (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

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 

CUSIP No. G9460N106    Schedule 13G    Page 5 of 13

 

  1    

  Names of Reporting Persons

 

  SLA Investments IV LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (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

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 

CUSIP No. G9460N106    Schedule 13G    Page 6 of 13

 

  1    

  Names of Reporting Persons

 

  SBLA Holdings (Cayman) L.P.

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Cayman Islands

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  PN

 

CUSIP No. G9460N106    Schedule 13G    Page 7 of 13

 

  1    

  Names of Reporting Persons

 

  Phoenix SPAC Holdco LLC

  2  

  Check the Appropriate Box if a Member of a Group

  (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

 

  3,727,481

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  3,727,481

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  3,727,481

10  

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

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  15.7%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)

 

CUSIP No. G9460N106    Schedule 13G    Page 8 of 13

 

ITEM 1.

(a) Name of Issuer:

Valor Latitude Acquisition Corp. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

PO Box 309

Ugland House

Grand Cayman

KY1-1104

 

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

SoftBank Group Corp.

Delaware Project 11 L.L.C.

SBLA Latin America Fund LLC

SBLA Investments II LLC

SLA Investments IV LLC

SBLA Holdings (Cayman) L.P.

Phoenix SPAC Holdco LLC

 

  (b)

Address or Principal Business Office:

The principal business address of SoftBank Group Corp. is 1-7-1 Kaigan, Minato-ku, Tokyo, 105-7537, Japan. The principal business address of SBLA Holdings (Cayman) L.P. is c/o Walkers, 190 Elgin Avenue, George Town, Grand Cayman KY1-9008, Cayman Islands. The principal business address of each of the other Reporting Persons is 251 Little Falls Drive, Wilmington, DE 19808.

 

  (c)

Citizenship of each Reporting Person is:

SoftBank Group Corp. is organized under the laws of Japan. SBLA Holdings (Cayman) L.P. is organized under the laws of the Cayman Islands. Each of the other Reporting Persons is organized under the laws of the State of Delaware.

 

  (d)

Title of Class of Securities:

Class A ordinary shares, par value $0.0001 per share (“Class A Ordinary Shares”).

 

  (e)

CUSIP Number:

G9460N106

CUSIP No. G9460N106    Schedule 13G    Page 9 of 13

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

 

  (a-c)

The ownership information presented below represents beneficial ownership of Class A Ordinary Shares of the Issuer as of December 31, 2022, based upon 23,000,000 Class A Ordinary Shares outstanding as of November 9, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2022.

 

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:

  

SoftBank Group Corp.

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

Delaware Project 11 L.L.C.

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

SBLA Latin America Fund LLC

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

SBLA Investments II LLC

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

SLA Investments IV LLC

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

SBLA Holdings (Cayman) L.P.

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

Phoenix SPAC Holdco LLC

      3,727,481        15.7 %      0        3,727,481        0        3,727,481  

Phoenix SPAC Holdco LLC is the record holder of the Class A Ordinary Shares reported herein, which consist of (i) 3,000,000 Class A Ordinary Shares and (ii) 727,481 Class A Ordinary Shares underlying Class B Ordinary Shares of the Issuer that are convertible on or prior to March 1, 2023.

Phoenix SPAC Holdco LLC is a wholly owned subsidiary of SBLA Holdings (Cayman) L.P., which is controlled and wholly owned by SLA Investments IV LLC, which is a wholly owned subsidiary of SBLA Investments II LLC, which is a wholly owned subsidiary of SBLA Latin America Fund LLC, which is a wholly owned subsidiary of Delaware Project 11 L.L.C., which is a wholly owned subsidiary of SoftBank Group Corp. As a result of these relationships, each of the Reporting Persons may be deemed to share beneficial ownership of the securities reported herein.

CUSIP No. G9460N106    Schedule 13G    Page 10 of 13

 

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.

CUSIP No. G9460N106    Schedule 13G    Page 11 of 13

 

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.

Date: February 13, 2023

 

SoftBank Group Corp.
By:   /s/ Yuko Yamamoto
Name:   Yuko Yamamoto
Title:   Head of Corporate Legal
Delaware Project 11 L.L.C.
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SBLA Latin America Fund LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SBLA Investments II LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SLA Investments IV LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SBLA Holdings (Cayman) L.P.
By: SoftBank Latin America Fund GP (Cayman) Ltd., its General Partner
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director

CUSIP No. G9460N106    Schedule 13G    Page 12 of 13

 

Phoenix SPAC Holdco LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director

CUSIP No. G9460N106    Schedule 13G    Page 13 of 13

 

LIST OF EXHIBITS

 

Exhibit No.   

Description

99    Joint Filing Agreement.

 

 EX-99 2 d423484dex99.htm EX-99 EX-99

Exhibit 99

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that they are jointly filing this statement on Schedule 13G. Each of them is responsible for the timely filing of such statement and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 13, 2023.

 

SoftBank Group Corp.
By:   /s/ Yuko Yamamoto
Name:   Yuko Yamamoto
Title:   Head of Corporate Legal
Delaware Project 11 L.L.C.
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SBLA Latin America Fund LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SBLA Investments II LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
SLA Investments IV LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director

SBLA Holdings (Cayman) L.P.
By: SoftBank Latin America Fund GP (Cayman) Ltd., its General Partner
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director
Phoenix SPAC Holdco LLC
By:   /s/ Jonathan Duckles
Name:   Jonathan Duckles
Title:   Director