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