The principal business of BTOA L.L.C. is performing the functions of, and serving as, the managing member (or similar position) of Blackstone Tactical Opportunities Associates L.L.C. and of other affiliated Blackstone entities. The principal business of Blackstone Holdings III L.P. is performing the functions of, and serving as, the managing member (or similar position) of BTOA L.L.C. and of other affiliated Blackstone entities. The principal business of Blackstone Holdings III L.P. is performing the functions of, and serving as, the managing member (or similar position) and member or equity holder in various affiliated Blackstone entities. The principal business of Blackstone Holdings III GP L.P. is performing the functions of, and serving as, the general partner of Blackstone Holdings III L.P. and other affiliated Blackstone entities. The principal business of Blackstone Holdings III GP Management L.L.C. is performing the functions of, and serving as, the general partner of Blackstone Holdings III GP L.P. and other affiliated Blackstone entities.
The principal business of The Blackstone Group Inc. is performing the functions of, and serving as, the sole member of each of Blackstone Holdings I/II GP L.L.C. and Blackstone Holdings III GP Management L.L.C., and in a similar capacity for other affiliated Blackstone entities. The principal business of Blackstone Group Management L.L.C. is performing the functions of, and serving as, the sole holder of the Series II preferred stock of The Blackstone Group Inc. The principal occupation of Mr. Schwarzman is serving as an executive of The Blackstone Group Inc. and Blackstone Group Management L.L.C.
(d) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth on Schedule I attached hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth on Schedule I attached hereto, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) See Item 2(a)-(b) above for citizenship or place of organization, as applicable, of each of the Reporting Persons.
Item 3. | Source and Amount of Funds or Other Consideration |
Item 3 of the Schedule 13D is hereby amended and supplemented by the following:
On June 25, 2021, the Blackstone Funds contributed all of their shares of Class A Common Stock and Common Units to the Holdco Entities as follows: (i) BXG Buzz Holdings L.P. contributed 2,382,443 shares of Class A Common Stock to BX Buzz ML-1 Holdco L.P., (ii) BCP Buzz Holdings L.P. contributed 32,781,134 shares of Class A Common Stock to BX Buzz ML-2 Holdco L.P., (iii) BSOF Buzz Aggregator LLC contributed 5,321,739 shares of Class A Common Stock to BX buzz ML-3 Holdco L.P., (iv) BTO Buzz Holdings II L.P. contributed 14,200,609 shares of Class A Common Stock to BX Buzz ML-4 Holdco L.P., (v) Blackstone Buzz Holdings L.P. contributed 23,258 shares of Class A Common Stock and 43,054,866 Common Units to BX Buzz ML-5 Holdco L.P., (vi) Blackstone Tactical Opportunities Fund – FD L.P. contributed 388,538 Common Units to BX Buzz ML-6 Holdco L.P., and (vii) Blackstone Family Investment Partnership Growth – ESC L.P. contributed 84,848 Common Units to BX Buzz ML-Holdco L.P. No consideration was paid in connection with the contributions described herein.
Item 5. | Interest in Securities of the Issuer |
Item 5(a)-(b) of the Original Schedule 13D is hereby amended and restated as follows:
(a) and (b) Calculations of the percentage of the shares of Class A Common Stock beneficially owned assumes that there were 119,799,036 shares of Class A Common Stock outstanding as of April 30, 2021, based on information set forth in the Issuer’s Quarterly Report on Form 10-Q filed by the Issuer on May 17, 2021, and takes into account any shares of Class A Common Stock underlying Common Units held by the Reporting Persons, as applicable.
The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.