UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
KADEM SUSTAINABLE IMPACT CORPORATION
(Name of Issuer)
Units, each consisting of one share of Class A common stock and one-half of one warrant
(Title of Class of Securities)
48284E204
(CUSIP Number)
December 31, 2021
(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. 48284E204
| 1 | NAMEOF REPORTING PERSON
Moab Capital Partners, LLC | |||||
| 2 | CHECKTHE APPROPRIATE BOXIFA MEMBEROFA GROUP (SEE INSTRUCTIONS) (A) ☐ (B) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIPOR PLACEOF ORGANIZATION
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
564,570 | ||||
| 6 | SHARED VOTING POWER
0 | |||||
| 7 | SOLE DISPOSITIVE POWER
564,570 | |||||
| 8 | SHARED DISPOSITIVE POWER
0 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNEDBY EACH REPORTING PERSON
564,570 | |||||
| 10 | CHECKIFTHE AGGREGATE AMOUNTIN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||||
| 11 | PERCENTOF CLASS REPRESENTEDBY AMOUNTIN ROW (9)
3.2% | |||||
| 12 | TYPEOF REPORTING PERSON (SEE INSTRUCTIONS)
IA, OO | |||||
CUSIP No. 48284E204
| 1 | NAMEOF REPORTING PERSON
Moab Partners, L.P. | |||||
| 2 | CHECKTHE APPROPRIATE BOXIFA MEMBEROFA GROUP (SEE INSTRUCTIONS) (A) ☐ (B) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIPOR PLACEOF ORGANIZATION
Delaware | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
564,570 | ||||
| 6 | SHARED VOTING POWER
0 | |||||
| 7 | SOLE DISPOSITIVE POWER
564,570 | |||||
| 8 | SHARED DISPOSITIVE POWER
0 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNEDBY EACH REPORTING PERSON
564,570 | |||||
| 10 | CHECKIFTHE AGGREGATE AMOUNTIN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||||
| 11 | PERCENTOF CLASS REPRESENTEDBY AMOUNTIN ROW (9)
3.2% | |||||
| 12 | TYPEOF REPORTING PERSON (SEE INSTRUCTIONS)
PN | |||||
CUSIP No. 48284E204
| 1 | NAMEOF REPORTING PERSON
Michael M. Rothenberg | |||||
| 2 | CHECKTHE APPROPRIATE BOXIFA MEMBEROFA GROUP (SEE INSTRUCTIONS) (A) ☐ (B) ☐
| |||||
| 3 | SEC USE ONLY
| |||||
| 4 | CITIZENSHIPOR PLACEOF ORGANIZATION
United States of America | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
564,570 | ||||
| 6 | SHARED VOTING POWER
0 | |||||
| 7 | SOLE DISPOSITIVE POWER
564,570 | |||||
| 8 | SHARED DISPOSITIVE POWER
0 | |||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNEDBY EACH REPORTING PERSON
564,570 | |||||
| 10 | CHECKIFTHE AGGREGATE AMOUNTIN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
| |||||
| 11 | PERCENTOF CLASS REPRESENTEDBY AMOUNTIN ROW (9)
3.2% | |||||
| 12 | TYPEOF REPORTING PERSON (SEE INSTRUCTIONS)
IN, HC | |||||
| Item 1. |
| (a) | Name of Issuer |
Kadem Sustainable Impact Corporation
| (b) | Address of Issuer’s Principal Executive Offices |
30 Broad Street, 14th Floor
New York, New York 10004
| Item 2. |
| (a) | Names of Persons Filing |
Moab Capital Partners, LLC
Moab Partners, L.P.
Michael M. Rothenberg
| (b) | Address of Principal Business office or, if None, Residence |
For each Reporting Person:
16 Spinnaker Way
Southampton, NY 11968
| (c) | Citizenship |
Moab Capital Partners, LLC is a Delaware limited liability company.
Moab Partners, L.P. is a Delaware limited partnership.
Mr. Rothenberg is a United States citizen.
| (d) | Title of Class of Securities |
Units, each consisting of one share of Class A common stock and one-half of one warrant
| (e) | CUSIP Number |
48284E204
| 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 (15 U.S.C. 78o); | ||
| (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | ||
| (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | ||
| (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); | ||
| (e) | ☐ | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); | ||
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); | ||
| (g) | ☒ | A parent holding company or control person in accordance with § 240.13d-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 (15 U.S.C. 80a-3); | ||
| (j) | ☐ | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); | ||
| (k) | ☐ | Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: | ||
| Item 4. | Ownership. |
| (a) | Amount beneficially owned: |
Moab Capital Partners, LLC – 564,570 *
Moab Partners, L.P. – 564,570 *
Mr. Rothenberg – 564,570 *
| (b) | Percent of class: |
Moab Capital Partners, LLC – 3.2%**
Moab Partners, L.P. – 3.2%**
Mr. Rothenberg – 3.2%**
| (c) | Number of shares as to which Moab Capital Partners, LLC has: |
| (i) | Sole power to vote or to direct the vote: |
564,570 *
| (ii) | Shared power to vote or to direct the vote: |
0
| (iii) | Sole power to dispose or to direct the disposition of: |
564,570 *
| (iv) | Shared power to dispose or to direct the disposition of: |
0
Number of shares as to which Moab Partners, L.P. has:
| (i) | Sole power to vote or to direct the vote: |
564,570 *
| (ii) | Shared power to vote or to direct the vote: |
0
| (iii) | Sole power to dispose or to direct the disposition of: |
564,570 *
| (iv) | Shared power to dispose or to direct the disposition of: |
0
Number of shares as to which Mr. Rothenberg has:
| (i) | Sole power to vote or to direct the vote: |
564,570 *
| (ii) | Shared power to vote or to direct the vote: |
0
| (iii) | Sole power to dispose or to direct the disposition of: |
564,570 *
| (iv) | Shared power to dispose or to direct the disposition of: |
0
| * | Moab Capital Partners, LLC’s and Mr. Rothenberg’s beneficial ownership of the Issuer’s Common Stock is comprised of 564,570 shares of Common Stock held directly by Moab Partners, L.P. The reported securities may be deemed beneficially owned by Moab Capital Partners, LLC as investment manager of Moab Partners, L.P. The reported securities may also be deemed beneficially owned by Mr. Rothenberg as an owner and Managing Director of Moab Capital Partners, LLC. |
| ** | Percentage based on 17,500,000 shares of Class A Common Stock outstanding as of November 19, 2021, as reported by the Issuer in the Form 10-Q for the quarterly period ended September 30, 2021, filed with the Securities and Exchange Commission on November 19, 2021. |
| 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 5 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 I certify that, to the best of my 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, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2022
| Moab Capital Partners, LLC | ||
| By: | /s/ Michael M. Rothenberg | |
Name: Michael M. Rothenberg Title: Managing Director | ||
Moab Partners, L.P.
By Moab GP, LLC, its General Partner
By Moab Capital Partners, LLC, its Managing Member | ||
| By: | /s/ Michael M. Rothenberg | |
Name: Michael M. Rothenberg Title: Managing Director | ||
/s/ Michael M. Rothenberg |
| Michael M. Rothenberg |
