0001567619-21-017423.txt : 20210921
0001567619-21-017423.hdr.sgml : 20210921
20210921215544
ACCESSION NUMBER: 0001567619-21-017423
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210917
FILED AS OF DATE: 20210921
DATE AS OF CHANGE: 20210921
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LIGHT STREET CAPITAL MANAGEMENT, LLC
CENTRAL INDEX KEY: 0001569049
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39595
FILM NUMBER: 211268053
BUSINESS ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE
STREET 2: SUITE 300
CITY: PALO ALTO
STATE: CA
ZIP: 94301
BUSINESS PHONE: 650-234-1640
MAIL ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE
STREET 2: SUITE 300
CITY: PALO ALTO
STATE: CA
ZIP: 94301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kacher Glen Thomas
CENTRAL INDEX KEY: 0001723534
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39595
FILM NUMBER: 211268051
MAIL ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE, SUITE 300
CITY: PALO ALTO
STATE: CA
ZIP: 94301
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Light Street Mercury Master Fund, L.P.
CENTRAL INDEX KEY: 0001723642
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39595
FILM NUMBER: 211268052
BUSINESS ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE, SUITE 300
CITY: PALO ALTO
STATE: CA
ZIP: 94301
BUSINESS PHONE: 650-234-1640
MAIL ADDRESS:
STREET 1: 525 UNIVERSITY AVENUE, SUITE 300
CITY: PALO ALTO
STATE: CA
ZIP: 94301
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Nerdy Inc.
CENTRAL INDEX KEY: 0001819404
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 981499860
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: C/O TPG PACE HOLDINGS
STREET 2: 301 COMMERCE STREET, SUITE 3300
CITY: FORTH WORTH
STATE: TX
ZIP: 76102
BUSINESS PHONE: (817) 871-4651
MAIL ADDRESS:
STREET 1: C/O TPG PACE HOLDINGS
STREET 2: 301 COMMERCE STREET, SUITE 3300
CITY: FORTH WORTH
STATE: TX
ZIP: 76102
FORMER COMPANY:
FORMER CONFORMED NAME: TPG Pace Tech Opportunities Corp.
DATE OF NAME CHANGE: 20200728
4
1
doc1.xml
FORM 4
X0306
4
2021-09-17
0
0001819404
Nerdy Inc.
PACE
0001569049
LIGHT STREET CAPITAL MANAGEMENT, LLC
525 UNIVERSITY AVENUE
SUITE 300
PALO ALTO
CA
94301
0
0
1
0
0001723642
Light Street Mercury Master Fund, L.P.
525 UNIVERSITY AVENUE, SUITE 300
PALO ALTO
CA
94301
0
0
1
0
0001723534
Kacher Glen Thomas
525 UNIVERSITY AVENUE, SUITE 300
PALO ALTO
CA
94301
0
0
1
0
Class A ordinary shares, par value $0.0001 per share
2021-09-17
4
P
0
20086
11.133
A
583842
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-17
4
P
0
3616
11.133
A
108560
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-20
4
P
0
540000
10
A
6336937
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-20
4
P
0
2200000
10
A
8536937
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-20
4
P
0
48210
10
A
632052
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-20
4
P
0
11790
10
A
120350
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-21
4
P
0
3257
11.5453
A
635309
I
See footnotes
Class A ordinary shares, par value $0.0001 per share
2021-09-21
4
P
0
543
11.5453
A
120893
I
See footnotes
Warrants to purchase Class A ordinary shares
11.50
2021-09-20
4
P
0
900000
A
2027-10-09
Class A ordinary shares, par value $0.0001 per sha
900000
900000
I
See footnotes
Warrants to purchase Class A ordinary shares
11.50
2021-09-20
4
P
0
400000
A
2027-10-09
Class A ordinary shares, par value $0.0001 per sha
400000
400000
I
See footnotes
The Class A ordinary shares ("Shares") are held directly for the account of Light Street Mercury Master Fund, L.P. ("Mercury"), and indirectly by Light Street Capital Management, LLC ("LSCM") and Glen Thomas Kacher ("Mr. Kacher").
These Shares are held directly for the account of Light Street Tungsten Master Fund, L.P. ("Tungsten"), and indirectly by LSCM and Mr. Kacher.
These Shares are held directly for the account of Light Street Halo, L.P. ("Halo"), and indirectly by LSCM and Mr. Kacher.
LSCM serves as investment adviser and general partner to Mercury, Tungsten and Halo. Mr. Kacher is the Chief Investment Officer and Founder of LSCM. Each of LSCM, Mr. Kacher, Mercury, Tungsten and Halo disclaims beneficial ownership of the Shares reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such Shares in this report shall not be deemed an admission of beneficial ownership of all of the reported Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
These Shares were acquired in connection with the closing of the Business Combination between the Issuer and Live Learning Technologies LLC (the "Closing"), pursuant to a Subscription Agreement with the Issuer dated January 28, 2021 (the "PIPE Financing").
These Shares and warrants to acquire Shares ("Warrants") were acquired in connection with the Closing, pursuant to a Forward Purchase Agreement with the Issuer dated September 23, 2020 (the "Forward Purchase Agreement"). Pursuant to the Forward Purchase Agreement, the Issuer agreed to issue to Class A Shares at a price of $10.00 per share, plus warrants to purchase one Class A Share at $11.50 per share. The transactions contemplated by the PIPE Financing and Forward Purchase Agreement closed substantially concurrently with the Closing.
These Warrants are exercisable beginning 30 days after the Closing and may be exercised for cash or on a cashless basis.
These Warrants were part of Units of the Issuer that the Reporting Persons acquired for $10 per share.
Light Street Capital Management, LLC, By: /s/ Theo J. Robins, Chief Compliance Officer
2021-09-21
/s/ Glen Thomas Kacher
2021-09-21
Light Street Mercury Master Fund, L.P., By: /s/ Light Street Capital Management, LLC, By: /s/ Theo J. Robins, Chief Compliance Officer
2021-09-21