0001354821-22-000003.txt : 20220214
0001354821-22-000003.hdr.sgml : 20220214
20220214171938
ACCESSION NUMBER: 0001354821-22-000003
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20220214
DATE AS OF CHANGE: 20220214
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: Empowerment & Inclusion Capital I Corp.
CENTRAL INDEX KEY: 0001825720
STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770]
IRS NUMBER: 000000000
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-93194
FILM NUMBER: 22634920
BUSINESS ADDRESS:
STREET 1: C/O THE PNC FINANCIAL SERVICES GROUP
STREET 2: 340 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10173
BUSINESS PHONE: 212 527 3000
MAIL ADDRESS:
STREET 1: C/O THE PNC FINANCIAL SERVICES GROUP
STREET 2: 340 MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10173
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: LEVIN CAPITAL STRATEGIES, L.P.
CENTRAL INDEX KEY: 0001354821
IRS NUMBER: 870753486
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 767 FIFTH AVENUE
STREET 2: 21ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10153
BUSINESS PHONE: 212-259-0800
MAIL ADDRESS:
STREET 1: 767 FIFTH AVENUE
STREET 2: 21ST FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10153
SC 13G
1
epwr022022.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No.)*
EMPOWERMENT & INCLUSION CAPTIAL I CORP.
------------------------------------------------------
(NAME OF ISSUER)
Class A Common Stock, $0.0001 par value per share
------------------------------------------------------
(TITLE OF CLASS OF SECURITIES)
29248N100
------------------------------------------------------
(CUSIP NUMBER)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] 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.
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Levin Capital Strategies, L.P.
(EIN 87-0753486)
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------------
---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,411,455
---------------------------------------------------------------
---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------
---------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Levin Capital Strategies GP, LLC
(EIN 87-0753486)
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,411,455
---------------------------------------------------------------
---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------
---------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
LCS, LLC
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Delaware Limited Liability Corporation
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------------
---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 10,000
---------------------------------------------------------------
---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------
---------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
10,000
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
10,000
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 1.0%
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
John A. Levin
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
3 SEC USE ONLY
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
5 SOLE VOTING POWER
0
NUMBER OF ---------------------------------------------------------------
---------------------------------------------------------------
---------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 1,411,455
---------------------------------------------------------------
---------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING
PERSON 0
---------------------------------------------------------------
---------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,411,455
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
[ ]
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.1%
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
ITEM 1.
(A) NAME OF ISSUER:
EMPOWERMENT & INCLUSION CAPITAL I CORP. (the "Issuer").
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES OR, IF NONE, RESIDENCE:
340 Madison Avenue, New York, NY 10173
ITEM 2.
(A) NAME OF PERSON FILING:
This schedule is being jointly filed by Levin Capital Strategies, L.P.
("LCS"), Levin Capital Strategies GP, LLC ("LCSGP"), LCS, LLC ("LCSL"),
and John A. Levin, the Chief Executive Officer and controlling person of LCS,
LCSGP, LCSL, (LCS, LCSGP, LCSL, and John A. Levin are sometimes collectively
referred to hereinafter as "Filer"). Attached hereto as an exhibit is a copy
of the joint Schedule 13G filing agreement among the reporting persons and
entities.
(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal executive office of LCS, LCSGP, LCSL, and
John A. Levin is: 767 Fifth Avenue, 21st Floor, New York, New York 10153.
(C) CITIZENSHIP:
The citizenship or place of organization of the reporting person is as
follows: LCS is a limited partnership organized under the laws of the State of
Delaware, and LCSGP, LCSL are limited liability corporations organized under
the laws of the State of Delaware. John A. Levin is a citizen of the
United States of America.
(D) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $0.0001 per share.
(E) CUSIP NUMBER:
29248N100
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(B), OR
240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Act
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940
(e) [x] Investment Adviser registered under Section 203 of the
Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E)
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to
the provisions of the Employee Retirement Income Security
Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F)
(g) [ ] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G);
(h) [ ] Savings Associations as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940;
(j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX.[]
ITEM 4. OWNERSHIP.
Levin Capital Strategies, L.P.:
(a) Amount beneficially owned: 1,411,455
(b) Percent of Class: Less than 5.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 1,411,455
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose of to direct the disposition of: 1,411,455
Levin Capital Strategies GP, LLC:
(a) Amount beneficially owned: 1,411,455
(b) Percent of Class: Less than 5.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Shared power to vote or to direct the vote: 1,411,455
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose of to direct the disposition of: 1,411,455
LCS, LLC:
(a) Amount beneficially owned: 10,000
(b) Percent of Class: Less than Less than 1.0%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Share power to vote or to direct the vote: 10,000
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose of to direct the disposition of: 10,000
Mr. Levin disclaims beneficial ownership of all such shares.
John A. Levin:
(a) Amount beneficially owned: 1,411,455
(b) Percent of Class: Less than 5.1%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0
(ii) Share power to vote or to direct the vote: 1,411,455
(iii) Sole power to dispose or to direct the disposition of: 0
(iv) Shared power to dispose of to direct the disposition of: 1,411,455
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.
This Schedule 13G is filed by LCS, LCSGP, and LCSL and John A. Levin
with respect to Common Stock held by LCS's investment advisory accounts.
Bi-Directional Disequilibrium Fund, L.P, a private fund for which LCS acts
as investment advisor, has the right to receive dividends from, and the
proceeds from the sale of 10,000 shares. Various separately managed accounts
for whom LCS acts as investment manager have the right to receive dividends
from, and the proceeds from the sale of, 1,401,455 shares.
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.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect
of changing or influencing the control of the issuer of such securities and
were not acquired in connection with or as a participant in any transaction
having such purposes or effect.
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.
February 14, 2022
---------------------------
(Date)
LEVIN CAPITAL STRATEGIES, L.P.
By:/s/ JOHN A. LEVIN
--------------------------
John A. Levin
Chairman and Chief Executive Officer
Levin Capital Strategies GP, LLC
By: John A. Levin 2005 GRAT Separation Trust, as
Managing Member
By: /s/ Elisabeth Levin
-----------------------------
Elisabeth Levin, Trustee
LCS, LLC
BY:/s/ JOHN A. LEVIN
------------------------
John A. Levin
General Partner
By:/s/ JOHN A. LEVIN
-------------------------
John A. Levin
EX-1
2
EPWR022022joint.txt
Exhibit 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1 (f) under the Securities Exchange Act of
1934, as amended, the undersigned hereby agree to the joint filing with all
other Reporting Entities (as such term is defined in the Schedule 13G) on
behalf of each of them of a statement on Schedule 13G (including amendments
thereto) with respect to the Class A Common Stock, $0.0001 par value per
share, of Empowerment & Inclusion Capital I Corp., and that this Agreement be
included as an Exhibit to such joint filing. This Agreement may be executed
in any number of counterparts all of which taken together shall constitute
one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this
14th day of February, 2022.
LEVIN CAPITAL STRATEGIES, L.P.
By:/s/ JOHN A. LEVIN
-------------------------------
John A. Levin
Chairman and Chief Executive Officer
Levin Capital Strategies GP, LLC
By: John A. Levin 2005 GRAT Separation
Trust, as Managing Member
By: /s/ Elisabeth Levin
-----------------------------
Elisabeth Levin, Trustee
LCS, LLC
By:/s/ JOHN A. LEVIN
--------------------------------
John A. Levin
General Partner
By:/s/ JOHN A. LEVIN
------------------------
John A. Levin