UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
TWELVE SEAS INVESTMENT COMPANY
(Name of Issuer)
Ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
G9145A107
(CUSIP Number)
August 7, 2019
(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)
[ X ] 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).
Continued on following pages
Page 1 of 11 Pages
Exhibit Index: Page 10
CUSIP No. G9145A107 | Page 2 of 11 Pages |
1 | NAMES OF REPORTING PERSONS | | |
BASSO SPAC FUND LLC | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(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 | | |
1,362,918 | | |
| |
7 | SOLE DISPOSITIVE POWER | | |
0 | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
1,362,918 | | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
1,362,918 | | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
5.09% | | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
OO | | |
| |
CUSIP No. G9145A107 | Page 3 of 11 Pages |
1 | NAMES OF REPORTING PERSONS | | |
BASSO MANAGEMENT, LLC | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(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 | | |
1,362,918 | | |
| |
7 | SOLE DISPOSITIVE POWER | | |
0 | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
1,362,918 | | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
1,362,918 | | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
5.09% | | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
OO | | |
| |
CUSIP No. G9145A107 | Page 4 of 11 Pages |
1 | NAMES OF REPORTING PERSONS | | |
BASSO CAPITAL MANAGEMENT, L.P. | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(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 | | |
1,362,918 | | |
| |
7 | SOLE DISPOSITIVE POWER | | |
0 | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
1,362,918 | | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
1,362,918 | | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
5.09% | | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IA, PN | | |
| |
CUSIP No. G9145A107 | Page 5 of 11 Pages |
1 | NAMES OF REPORTING PERSONS | | |
BASSO GP, LLC | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(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 | | |
1,362,918 | | |
| |
7 | SOLE DISPOSITIVE POWER | | |
0 | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
1,362,918 | | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
1,362,918 | | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
5.09% | | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
OO, HC | | |
| |
CUSIP No. G9145A107 | Page 6 of 11 Pages |
1 | NAMES OF REPORTING PERSONS | | |
HOWARD I. FISCHER | | |
| |
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | | |
(a)☐ | | |
(b)☐ | | |
3 | SEC USE ONLY | | |
| | |
| |
4 | CITIZENSHIP OR PLACE OF ORGANIZATION | | |
United States | | |
| |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER | | |
0 | | |
| |
6 | SHARED VOTING POWER | | |
1,362,918 | | |
| |
7 | SOLE DISPOSITIVE POWER | | |
0 | | |
| |
8 | SHARED DISPOSITIVE POWER | | |
1,362,918 | | |
| |
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | | |
1,362,918 | | |
| |
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | | |
☐ | | |
| |
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | | |
5.09% | | |
| |
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | | |
IN, HC | | |
| |
Item 1(a). | Name of Issuer: |
Twelve Seas Investment Company (the “Issuer”)
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
135 East 57th Street, 18th Floor, New York, NY 10022
Item 2(a). | Name of Person Filing |
This Statement is filed on behalf of the following persons (collectively, the “Reporting Persons”):
| i) | Basso SPAC Fund LLC (“Basso SPAC”); |
| ii) | Basso Management, LLC (“Basso Management”); |
| iii) | Basso Capital Management, L.P. (“BCM”); |
| iv) | Basso GP, LLC (“Basso GP”); and |
| v) | Howard I. Fischer (“Mr. Fischer”). |
This Statement relates to Shares (as defined herein) directly beneficially owned by Basso SPAC. Basso Management is the manager of Basso SPAC. BCM serves as the investment manager of Basso SPAC. Basso GP is the general partner of BCM. Mr. Fischer is the sole portfolio manager for Basso SPAC, the Chief Executive Officer and a founding partner of BCM, and a member of each of Basso Management and Basso GP. Accordingly, each of Basso Management, BCM, Basso GP and Mr. Fischer may be deemed to indirectly beneficially own the Shares reported herein.
Item 2(b). | Address of Principal Business Office or, if None, Residence: |
The address of the principal business office of each of the Reporting Persons is 1266 East Main Street, Fourth Floor, Stamford, Connecticut 06902.
Each of Basso SPAC, Basso Management, and Basso GP is a Delaware limited liability company. BCM is a Delaware limited partnership. Mr. Fischer is a citizen of the United States.
Item 2(d). | Title of Class of Securities: |
Ordinary shares, par value $0.0001 per share (the “Shares”)
G9145A107
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: |
This Item 3 is not applicable.
Item 4(a) | Amount Beneficially Owned: |
As of August 16, 2019, each of the Reporting Persons may be deemed the beneficial owner of 1,362,918 Shares. This amount consists of (i) 1,114,488 Shares and (ii) 248,430 Shares underlying units (“Units”). This amount excludes warrants to purchase Shares (“Warrants”), if any, underlying the Units and held directly by the Reporting Persons, because the Reporting Persons do not have the right to acquire the Shares underlying the Warrants within 60 days.
Item 4(b) | Percent of Class: |
As of August 16, 2019, each of the Reporting Persons may be deemed the beneficial owner of approximately 5.09% of Shares outstanding. (There were 26,779,000 Shares outstanding as of August 14, 2019, according to the Issuer’s Form 10-Q, filed on August 14, 2019.)
Item 4(c) | Number of Shares as to which such person has: |
(i) Sole power to vote or direct the vote: | 0 |
(ii) Shared power to vote or direct the vote: | 1,362,918 |
(iii) Sole power to dispose or direct the disposition of: | 0 |
(iv) Shared power to dispose or direct the disposition of: | 1,362,918 |
Item 5. | Ownership of Five Percent or Less of a Class: |
This Item 5 is not applicable.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
This Item 6 is not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: |
See disclosure in Item 2 hereof.
Item 8. | Identification and Classification of Members of the Group: |
This Item 8 is not applicable.
Item 9. | Notice of Dissolution of Group: |
This Item 9 is not applicable.