Item 1(a). | Name of Issuer: |
Avanti Acquisition Corp. (“Issuer”)
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
PO Box 1093, Boundary Hall,
Cricket Square, Grand Cayman
Cayman Islands
Item 2. (a) Name of Persons Filing:
(b) Address of Principal Business Office or, if None, Residence:
(c) Citizenship:
The names and citizenships of the persons filing this statement on Schedule 13G are (collectively, the “Reporting Persons”):
Luxor Capital Partners, LP (the “Onshore Fund”)
Citizenship: Delaware
Luxor Capital Partners Offshore Master Fund, LP (the “Offshore Master Fund”)
Citizenship: Cayman Islands
Luxor Capital Partners Offshore, Ltd. (the “Offshore Feeder Fund”)
Citizenship: Cayman Islands
Lugard Road Capital Master Fund, LP (the “Lugard Master Fund”)
Citizenship: Cayman Islands
Luxor Wavefront, LP (the “Wavefront Fund”)
Citizenship: Delaware
LCG Holdings, LLC (“LCG Holdings”)
Citizenship: Delaware
Lugard Road Capital GP, LLC (“Lugard GP”)
Citizenship: Delaware
Luxor Capital Group, LP (“Luxor Capital Group”)
Citizenship: Delaware
Luxor Management, LLC (“Luxor Management”)
Citizenship: Delaware
Jonathan Green (“Mr. Green”)
Citizenship: United States
Christian Leone (“Mr. Leone”)
Citizenship: United States
The principal business address of each of the Onshore Fund, the Wavefront Fund, Luxor Capital Group, Luxor Management, Lugard GP, LCG Holdings, Mr. Green and Mr. Leone is 1114 Avenue of the Americas, 28th Floor, New York, New York 10036.
The principal business address of each of the Offshore Master Fund, the Offshore Feeder Fund and the Lugard Master Fund is c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.
Item 2(d). | Title of Class of Securities: |
Class A Ordinary Shares, par value $0.0001 per share (the “Class A Ordinary Shares”).
As of the date of this Schedule 13G, neither a CUSIP number nor an ISIN number is available for the Issuer’s Class A Ordinary Shares. A CUSIP number is also not available for the Issuer’s units, but the ISIN number for the Issuer’s units is KYG0682V1178. See Item 4(a) below.
Item 3. | If This Statement is Filed Pursuant to Rule 13d 1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) | [ ] | Broker or dealer registered under Section 15 of the Exchange Act. |
| (b) | [ ] | Bank as defined in Section 3(a)(6) of the Exchange Act. |
| (c) | [ ] | Insurance company defined in Section 3(a)(19) of the Exchange Act. |
| (d) | [ ] | Investment company registered under Section 8 of the Investment Company Act. |
| (e) | [ ] | Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). |
| (f) | [ ] | Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). |
| (g) | [ ] | Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). |
| (h) | [ ] | Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. |
| (i) | [ ] | Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; |
| (j) | [ ] | Non-U.S. institution in accordance with Section 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 § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ |
Item 4. Ownership.
(a) | Amount beneficially owned: |
As of the close of business on October 13, 2020, the Reporting Persons beneficially owned an aggregate of 5,900,000 of the Issuer’s Class A Ordinary Shares as a result of holding 5,900,000 of the Issuer’s units. Each unit consists of one of the Issuer’s Class A Ordinary Shares and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one of the Issuer’s Class A Ordinary Shares. The Issuer’s warrants will become exercisable on the later of 30 days after the completion of the Issuer’s initial business combination and 12 months from the closing of the Issuer’s initial public offering. Specifically, as of the close of business on October 13, 2020,
| (i) | The Onshore Fund beneficially owned 1,357,110 Class A Ordinary Shares; |
| (ii) | The Offshore Master Fund beneficially owned 947,871 Class A Ordinary Shares. The Offshore Feeder Fund, as the owner of a controlling interest in the Offshore Master Fund, may be deemed to have beneficially owned the Class A Ordinary Shares beneficially owned by the Offshore Master Fund; |
| (iii) | The Lugard Master Fund beneficially owned 2,898,689 Class A Ordinary Shares; |
| (iv) | The Wavefront Fund beneficially owned 696,330 Class A Ordinary Shares; |
| (v) | LCG Holdings, as the general partner of the Onshore Fund, the Offshore Master Fund and the Wavefront Fund may be deemed to have beneficially owned the 3,001,311 Class A Ordinary Shares beneficially owned by the Onshore Fund, the Offshore Master Fund and the Wavefront Fund; |
| (vi) | Lugard GP, as the general partner of the Lugard Master Fund, may be deemed to have beneficially owned the 2,898,689 Class A Ordinary Shares beneficially owned by the Lugard Master Fund; |
| (vii) | Mr. Green, as a managing member of Lugard GP, may be deemed to have beneficially owned the 2,898,689 Class A Ordinary Shares beneficially owned by Lugard GP. |
| (viii) | Luxor Capital Group, as the investment manager of the Onshore Fund, the Offshore Feeder Fund, the Offshore Master Fund, the Lugard Master Fund and the Wavefront Fund (collectively, the “Funds”), may be deemed to have beneficially owned the 5,900,000 Class A Ordinary Shares beneficially owned by the Funds; |
| (ix) | Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 5,900,000 Class A Ordinary Shares beneficially owned by Luxor Capital Group; and |
| (x) | Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 5,900,000 Class A Ordinary Shares beneficially owned by Luxor Management. |
As of the close of business on October 13, 2020, the Reporting Persons may be deemed to have beneficially owned 5,900,000 of the Issuer’s Class A Ordinary Shares or 9.83% of the Issuer’s Class A Ordinary Shares outstanding (see Item 4(a) above), which percentage was calculated based on 60,000,000 of the Issuer’s Class A Ordinary Shares outstanding as of October 6, 2020, as per the information reported in the Issuer’s Form 8-K filed October 6, 2020. Specifically, as of the close of business on October 13, 2020 each Reporting Person beneficially owned such percentage as reflected on Item 11 of the applicable Cover Page hereto.
(c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote of Class A Ordinary Shares: |
See Cover Pages Items 5-9.
| (ii) | Shared power to vote or to direct the vote of Class A Ordinary Shares: |
See Cover Pages Items 5-9.
| (iii) | Sole power to dispose or to direct the disposition of Class A Ordinary Shares: |
See Cover Pages Items 5-9.
| (iv) | Shared power to dispose or to direct the disposition of Class A Ordinary Shares: |
See Cover Pages Items 5-9.
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 Persons have 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. |
Not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
See Exhibit A.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
By signing below each of the undersigned certifies that, to the best of his or its 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.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.
Dated: October 13, 2020
LUXOR CAPITAL PARTNERS, LP | |
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By: LCG Holdings, LLC, as General Partner | |
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| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |
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By: LCG Holdings, LLC, as General Partner | |
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| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |
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By: Luxor Capital Group, LP, as investment manager | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUGARD ROAD CAPITAL MASTER FUND, LP | |
| |
By: Lugard Road Capital GP, LLC, as General Partner | |
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| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL GROUP, LP | |
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By: Luxor Management, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR WAVEFRONT, LP | |
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By: LCG Holdings, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LCG HOLDINGS, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUGARD ROAD CAPITAL GP, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR MANAGEMENT, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
| |
/s/ Norris Nissim | |
NORRIS NISSIM, as Agent for Jonathan Green | |
| |
/s/ Norris Nissim | |
NORRIS NISSIM, as Agent for Christian Leone | |
EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A Ordinary Shares of Avanti Acquisition Corp. dated October 13, 2020, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
Dated: October 13, 2020
LUXOR CAPITAL PARTNERS, LP | |
| |
By: LCG Holdings, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL PARTNERS OFFSHORE MASTER FUND, LP | |
| |
By: LCG Holdings, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL PARTNERS OFFSHORE, LTD. | |
| |
By: Luxor Capital Group, LP, as investment manager | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUGARD ROAD CAPITAL MASTER FUND, LP | |
| |
By: Lugard Road Capital GP, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR WAVEFRONT, LP | |
| |
By: LCG Holdings, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR CAPITAL GROUP, LP | |
| |
By: Luxor Management, LLC, as General Partner | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LCG HOLDINGS, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUGARD ROAD CAPITAL GP, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
LUXOR MANAGEMENT, LLC | |
| |
| By: | /s/ Norris Nissim | |
| | Norris Nissim, | |
| | General Counsel | |
| |
/s/ Norris Nissim | |
NORRIS NISSIM, as Agent for Jonathan Green | |
| |
/s/ Norris Nissim | |
NORRIS NISSIM, as Agent for Christian Leone | |
EXHIBIT B
POWER OF ATTORNEY
The undersigned hereby makes, constitutes and appoints each of Norris Nissim, Adam Miller and Virgil Alagon as the undersigned’s true and lawful authorized representative, attorney-in-fact and agent, each with the power individually to execute for and on behalf of the undersigned and to file with and deliver to the United States Securities and Exchange Commission and any other authority or party required or entitled to receive the same: (a) any Forms 3, 4 and 5, and any amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “1934 Act”), and the rules promulgated thereunder; and (b) any Schedule 13D or Schedule 13G, and any amendments thereto, on behalf of the undersigned in accordance with Section 13 of the 1934 Act and the rules promulgated thereunder.
The undersigned also hereby grants to each such attorney-in-fact the full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 16 or Section 13 of the 1934 Act or any other provision of the 1934 Act or the rules promulgated thereunder.
This Power of Attorney shall remain in full force and effect until earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of November 6, 2017.
/s/ Christian Leone
ACKNOWLEDGEMENT IN NEW YORK STATE
STATE OF NEW YORK | ) |
| |
COUNTY OF NEW YORK | ) |
On November 6, 2017 before me, the undersigned personally appeared, Christian Leone, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.
| /s/ Clare Rosenbalm |
| Name: Clare Rosenbalm |
| Notary Public, State of NY |
| License #: 01RO6364701 |
Commission Expires: September 18, 2021
POWER OF ATTORNEY
The undersigned hereby makes, constitutes and appoints each of Norris Nissim, Adam Miller and Virgil Alagon as the undersigned’s true and lawful authorized representative, attorney-in-fact and agent, each with the power individually to execute for and on behalf of the undersigned and to file with and deliver to the United States Securities and Exchange Commission and any other authority or party required or entitled to receive the same: (a) any Forms 3, 4 and 5, and any amendments thereto, in accordance with Section 16(a) of the Securities Exchange Act of 1934, as amended (the “1934 Act”), and the rules promulgated thereunder; and (b) any Schedule 13D or Schedule 13G, and any amendments thereto, on behalf of the undersigned in accordance with Section 13 of the 1934 Act and the rules promulgated thereunder.
The undersigned also hereby grants to each such attorney-in-fact the full power and authority to do and perform all and every act and thing whatsoever requisite, necessary and proper to be done in the exercise of any of the rights and powers herein granted, hereby ratifying and confirming all that such attorney-in-fact shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming any of the undersigned's responsibilities to comply with Section 16 or Section 13 of the 1934 Act or any other provision of the 1934 Act or the rules promulgated thereunder.
This Power of Attorney shall remain in full force and effect until earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of November 6, 2017.
/s/ Jonathan Green
ACKNOWLEDGEMENT IN NEW YORK STATE
STATE OF NEW YORK | ) |
| |
COUNTY OF NEW YORK | ) |
On November 6, 2017 before me, the undersigned personally appeared, Jonathan Green, personally known to me or proved to me on the basis of satisfactory evidence to be the individual whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his capacity, and that by his signature on the instrument, the individual, or the person upon behalf of which the individual acted, executed the instrument.
| /s/ Clare Rosenbalm |
| Name: Clare Rosenbalm |
| Notary Public, State of NY |
| License #: 01RO6364701 |
Commission Expires: September 18, 2021