UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 18, 2022, Rajeev Misra voluntarily resigned as Chief Executive Officer, Chairman and member of the Board of Directors (the “Board”) of SVF Investment Corp. (the “Company”), effective immediately. The resignation of Mr. Misra was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices. In addition, on August 18, 2022, the Board decreased its size from five to four directors in response to the resignation of Mr. Misra.
Also, on August 18, 2022, the Board appointed Navneet Govil to serve as Chief Executive Officer of the Company. Mr. Govil has served as a member of the Board and the Chief Financial Officer of the Company since the Company’s initial public offering on January 7, 2021. There are no arrangements or understandings between Mr. Govil and any other persons pursuant to which Mr. Govil was appointed as Chief Executive Officer of the Company. Mr. Govil previously executed the Company’s standard form of indemnity agreement for directors and officers and a joinder to the letter agreement, dated January 7, 2021, by and among the Company, SVF Sponsor LLC (the “Sponsor”) and each of the Company’s officers and directors. In addition, Mr. Govil controls the Sponsor, which is party to the following agreements:
| • | Private Placement Warrants Purchase Agreement, dated January 7, 2021, between the Company and the Sponsor; |
| • | Registration and Shareholder Rights Agreement, dated January 7, 2021, by and among the Company and the Sponsor; and |
| • | Administrative Services Agreement, dated January 7, 2021, between the Company and the Sponsor. |
A description of each of the foregoing agreements can be found in the Company’s Current Report on Form 8-K, filed on January 13, 2021.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| SVF INVESTMENT CORP. | ||
| By: | /s/ Navneet Govil | |
| Name: | Navneet Govil | |
| Title: | Chief Executive Officer and Chief Financial Officer | |
Date: August 22, 2022