0000899243-21-047911.txt : 20211213
0000899243-21-047911.hdr.sgml : 20211213
20211213173101
ACCESSION NUMBER: 0000899243-21-047911
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211209
FILED AS OF DATE: 20211213
DATE AS OF CHANGE: 20211213
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Hodari Jamie
CENTRAL INDEX KEY: 0001833225
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39798
FILM NUMBER: 211489025
MAIL ADDRESS:
STREET 1: CBRE ACQUISITION HOLDINGS, INC.
STREET 2: 2100 MCKINNEY AVENUE, 12TH FLOOR
CITY: DALLAS
STATE: TX
ZIP: 75201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Altus Power, Inc.
CENTRAL INDEX KEY: 0001828723
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911]
IRS NUMBER: 853448396
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2200 ATLANTIC STREET, 6TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: (203) 698-0090
MAIL ADDRESS:
STREET 1: 2200 ATLANTIC STREET, 6TH FLOOR
CITY: STAMFORD
STATE: CT
ZIP: 06902
FORMER COMPANY:
FORMER CONFORMED NAME: CBRE Acquisition Holdings, Inc.
DATE OF NAME CHANGE: 20201016
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-12-09
1
0001828723
Altus Power, Inc.
AMPS
0001833225
Hodari Jamie
C/O CBRE GROUP, INC.
2100 MCKINNEY AVENUE, SUITE 1250
DALLAS
TX
75201
1
0
0
0
Class B Common Stock
2021-12-09
4
D
0
6037.5
D
Class A Common Stock
145966
14087.5
I
See footnote
Warrants (Right to Buy)
2021-12-09
4
J
0
18417
11.00
A
2026-12-09
Class A Common Stock
18417
18417
I
See footnote
On December 9, 2021, CBRE Acquisition Holdings, Inc. completed a business combination with Altus Power, Inc. (the "Business Combination"), and CBRE Acquisition Holdings, Inc. changed its name to Altus Power, Inc. (the "Issuer"). Pursuant to the terms of the Class B common stock of the Issuer (the "Class B Common Stock"), of which an aggregate of 1,408,750 shares are currently outstanding, on the last day of each measurement period, which will occur annually over seven fiscal years following the completion of the Business Combination, an aggregate of 201,250 shares of Class B Common Stock will automatically convert, subject to adjustment, into shares of Class A common stock of the Issuer (the "Class A Common Stock"), pursuant to a formula based on the stock price of the Class A Common Stock, into an aggregate minimum of 2,013 shares of Class A Common Stock on each conversion date, up to an aggregate maximum of 14,596,637 shares of Class A Common Stock over such seven year period.
Represents a disposition of Class B Common Stock pursuant to the terms of the Class B Letter Agreement, dated July 12, 2021, pursuant to which CBRE Acquisition Sponsor, LLC and certain other persons, including the Reporting Person, agreed to forfeit a specified number of shares of Class B Common Stock, effective upon the closing of the Business Combination.
The number of shares of Class A Common Stock reported as underlying such shares of Class B Common Stock in the Table above represents the approximate maximum number of shares of Class A Common Stock that may be delivered with respect to shares of Class B Common Stock reported above by the Reporting Person based on proportionate ownership of shares of Class B Common Stock.
Each Warrant is initially exercisable for one share of Class A Common Stock at an exercise price of $11.00 per share, subject to certain adjustments. The Warrants become exercisable on January 8, 2022, 30 days after the Issuer completed its Business Combination, and expire five years after completion of the Business Combination or earlier upon redemption or liquidation. The Warrants were acquired by the Reporting Person in connection with the initial public offering of CBRE Acquisition Holdings, Inc.
Represents securities held by Pine Ridge 287, LLC. The Reporting Person disclaims beneficial ownership of the securities held by such limited liability company, except to the extent of his pecuniary interest therein.
/s/ Cindy Kee, as Attorney-in-Fact
2021-12-13