0001193125-22-154565.txt : 20220519 0001193125-22-154565.hdr.sgml : 20220519 20220519090053 ACCESSION NUMBER: 0001193125-22-154565 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220519 DATE AS OF CHANGE: 20220519 GROUP MEMBERS: MARTIN E. FRANKLIN REVOCABLE TRUST GROUP MEMBERS: SABABA PARTNERS FREE LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Whole Earth Brands, Inc. CENTRAL INDEX KEY: 0001753706 STANDARD INDUSTRIAL CLASSIFICATION: SUGAR & CONFECTIONERY PRODUCTS [2060] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90989 FILM NUMBER: 22941246 BUSINESS ADDRESS: STREET 1: 125 S. WACKER DRIVE STREET 2: SUITE 3150 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 312.8403005 MAIL ADDRESS: STREET 1: 125 S. WACKER DRIVE STREET 2: SUITE 3150 CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: Act II Global Acquisition Corp. DATE OF NAME CHANGE: 20190321 FORMER COMPANY: FORMER CONFORMED NAME: ELLENOFF GROSSMAN & SCHOLE DATE OF NAME CHANGE: 20190321 FORMER COMPANY: FORMER CONFORMED NAME: Act II Global Acquisition Corp. DATE OF NAME CHANGE: 20180920 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FRANKLIN MARTIN E CENTRAL INDEX KEY: 0000940603 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: C/O MARIPOSA CAPITAL, LLC STREET 2: 5200 BLUE LAGOON DRIVE, SUITE 855 CITY: MIAMI STATE: FL ZIP: 33126 SC 13G/A 1 d354557dsc13ga.htm SC 13G/A SC 13G/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Whole Earth Brands, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

96684W100

(CUSIP Number)

May 18, 2022

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP No. 96684W100

 

  1    

  Names of Reporting Persons

 

  Sir Martin E. Franklin

  2  

  Check the appropriate box if a member of a Group (see instructions)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  United Kingdom

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,766,300

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,766,300

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,766,300

10  

  Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

  ☐

11  

  Percent of class represented by amount in row (9)

 

  13.76%

12  

  Type of Reporting Person (See Instructions)

 

  IN

CUSIP No. 96684W100

 

  1    

  Names of Reporting Persons

 

  Martin E. Franklin Revocable Trust

  2  

  Check the appropriate box if a member of a Group (see instructions)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Florida

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,766,300

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,766,300

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,766,300

10  

  Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

  ☐

11  

  Percent of class represented by amount in row (9)

 

  13.76%

12  

  Type of Reporting Person (See Instructions)

 

  OO

CUSIP No. 96684W100

 

  1    

  Names of Reporting Persons

 

  Sababa Partners FREE LLC

  2  

  Check the appropriate box if a member of a Group (see instructions)

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5    

  Sole Voting Power

 

  0

   6  

  Shared Voting Power

 

  5,766,300

   7  

  Sole Dispositive Power

 

  0

   8  

  Shared Dispositive Power

 

  5,766,300

  9    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  5,766,300

10  

  Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

 

  ☐

11  

  Percent of class represented by amount in row (9)

 

  13.76%

12  

  Type of Reporting Person (See Instructions)

 

  OO

Item 1.

 

(a)

Name of Issuer:

Whole Earth Brands, Inc.

 

(b)

Address of Issuer’s Principal Executive Offices:

125 S. Wacker Drive, Suite 3150, Chicago, Illinois 60606

 

Item 2.

 

(a)

Name of Person Filing:

This statement is filed by (i) Sir Martin E. Franklin (“Franklin”), (ii) the Martin E. Franklin Revocable Trust (the “Franklin Trust”) and (iii) Sababa Holdings FREE LLC (“Sababa”, and together with Franklin and the Franklin Trust, collectively referred to as the “Reporting Persons”). Franklin is the trustee, settlor and sole beneficiary of the Franklin Trust and the manager of Sababa. The Franklin Trust is the sole member of Sababa. As such, each of Franklin, the Franklin Trust and Sababa has shared power to vote, or to direct the vote, and shared power to dispose, or to direct the disposition of, all shares of the Issuer’s common stock beneficially owned by the Reporting Persons.

 

(b)

Address of Principal Business Office or, if None, Residence:

The address of the principal business office of each of the Reporting Persons is c/o Mariposa Capital, 500 South Pointe Drive, Suite 240, Miami Beach, Florida 33139.

 

(c)

Citizenship:

Franklin is a citizen of the United Kingdom. The Franklin Trust is organized under the laws of the State of Florida. Sababa is organized under the laws of the State of Delaware.

 

(d)

Title and Class of Securities:

Common stock, par value $0.0001 per share

 

(e)

CUSIP No.:

96684W100

 

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)    ☐    Broker or dealer registered under Section 15 of the Act;
(b)    ☐    Bank as defined in Section 3(a)(6) of the Act;
(c)    ☐    Insurance company as defined in Section 3(a)(19) of the Act;
(d)    ☐    Investment company registered under Section 8 of the Investment Company Act of 1940;
(e)    ☐    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f)    ☐    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g)    ☐    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)    ☐    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)    ☐    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
(j)    ☐    A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
(k)    ☐    Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4. Ownership

 

(a)

Amount Beneficially Owned:

 

Sir Martin E. Franklin:    5,766,300
Martin E. Franklin Revocable Trust:    5,766,300
Sababa Holdings FREE LLC    5,766,300

 

(b)

Percent of Class:

 

Sir Martin E. Franklin:    13.76%
Martin E. Franklin Revocable Trust:    13.76%
Sababa Holdings FREE LLC    13.76%

 

(c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote: 0

 

  (ii)

Shared power to vote or to direct the vote:

 

Sir Martin E. Franklin:    5,766,300
Martin E. Franklin Revocable Trust:    5,766,300
Sababa Holdings FREE LLC    5,766,300

 

  (iii)

Sole power to dispose or to direct the disposition of: 0

 

  (iv)

Shared power to dispose or to direct the disposition of:

 

Sir Martin E. Franklin:    5,766,300
Martin E. Franklin Revocable Trust:    5,766,300
Sababa Holdings FREE LLC    5,766,300

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

Item 6.

Ownership of more than Five Percent on Behalf of Another Person.

N/A

Item 7.

Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person.

N/A

 

Item 8.

Identification and classification of members of the group.

N/A

 

Item 9.

Notice of Dissolution of Group.

N/A

 

Item 10.

Certifications.

By signing below each Reporting Person certifies that, to the best of its or his knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURE

After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: May 19, 2022

 

By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
MARTIN E. FRANKLIN REVOCABLE TRUST
By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
Title:   Settlor and Trustee of the Martin E. Franklin Revocable Trust
SABABA HOLDINGS FREE LLC
By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
Title:   Manager
 EX-99.A 2 d354557dex99a.htm EX-99.A EX-99.A

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

Dated: May 19, 2022

 

By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
MARTIN E. FRANKLIN REVOCABLE TRUST
By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
Title:   Settlor and Trustee of the Martin E. Franklin Revocable Trust
SABABA HOLDINGS FREE LLC
By:  

/s/ Sir Martin E. Franklin

Name:   Sir Martin E. Franklin
Title:   Manager