0000899243-23-017741.txt : 20230802
0000899243-23-017741.hdr.sgml : 20230802
20230802214618
ACCESSION NUMBER: 0000899243-23-017741
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230731
FILED AS OF DATE: 20230802
DATE AS OF CHANGE: 20230802
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TLG Acquisition Founder LLC
CENTRAL INDEX KEY: 0001827870
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39948
FILM NUMBER: 231137789
BUSINESS ADDRESS:
STREET 1: 515 NORTH FLAGLER DRIVE, SUITE 520
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
BUSINESS PHONE: 561-945-8340
MAIL ADDRESS:
STREET 1: 515 NORTH FLAGLER DRIVE, SUITE 520
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Electriq Power Holdings, Inc.
CENTRAL INDEX KEY: 0001827871
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 625 NORTH FLAGLER DRIVE, SUITE 1003
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
BUSINESS PHONE: 833-462-2883
MAIL ADDRESS:
STREET 1: 625 NORTH FLAGLER DRIVE, SUITE 1003
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33401
FORMER COMPANY:
FORMER CONFORMED NAME: TLG Acquisition One Corp.
DATE OF NAME CHANGE: 20201009
4
1
doc4.xml
FORM 4 SUBMISSION
X0508
4
2023-07-31
1
0001827871
Electriq Power Holdings, Inc.
ELIQ
0001827870
TLG Acquisition Founder LLC
C/O ELECTRIQ POWER HOLDINGS, INC.
625 NORTH FLAGLER DRIVE, SUITE 1003
WEST PALM BEACH
FL
33401
0
0
1
0
0
Class A Common Stock
2023-07-31
4
A
0
756635
A
756635
D
Class A Common Stock
2023-07-31
4
C
0
1090217
0.00
A
1846852
D
Class F Common Stock
2023-07-31
4
J
0
3270652
0.00
D
Class A Common Stock
3270652
1090217
D
Class F Common Stock
2023-07-31
4
C
0
1090217
0.00
D
Class A Common Stock
1090217
0
D
Warrants (right to buy)
2023-07-31
4
J
0
1000000
0.00
D
2023-08-30
2028-07-31
Class A Common Stock
1000000
1000000
D
On July 31, 2023, TLG Acquisition Founder LLC (the "Sponsor") received 756,635 shares of Class A Common Stock of the Issuer ("Class A Common Stock") upon the conversion of working capital loans in connection with the completion of the Issuer's business combination with Electriq Power, Inc. ("Electriq").
Shares of Class F Common Stock of the Issuer ("Class F Common Stock") were convertible into shares of Class A Common Stock as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-252032) and the shares of Class F Common Stock had no expiration date.
On July 31, 2023, in connection with the closing of the Issuer's business combination, the Sponsor forfeited and surrendered for no consideration 3,270,652 shares of Class F Common Stock pursuant to the terms of the Sponsor Agreement, dated November 13, 2022 (as amended on June 8, 2023), by and among the Issuer, the Sponsor, TLG Fund I, LP, Electriq and the other parties thereto.
The Issuer consummated its initial Business Combination on July 31, 2023, whereby, among other things, the shares of Class F Common Stock converted into shares of Class A Common Stock.
On July 31, 2023, the Sponsor received 1,000,000 warrants to purchase shares of Class A Common Stock for $6.57 per share upon the conversion of $1,500,000 of working capital loans in connection with the completion of the Business Combination.
/s/ John Michael Lawrie, as manager
2023-08-02