| (d) | Neither the General Partner nor any of the Reporting Persons, during the last five years, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). |
| (e) | Neither the General Partner nor any of the Reporting Persons, during the last five years, has been 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. |
| | |
KV Seed B | | Delaware, United States of America |
KV Seed B (CF) | | Delaware, United States of America |
KVA Seed B | | Delaware, United States of America |
KV V | | Delaware, United States of America |
KVA V | | Delaware, United States of America |
VK Services | | Delaware, United States of America |
Khosla | | United States of America |
Additional information concerning the Reporting Persons is listed on Attachment A hereto and is incorporated by reference herein.
| Item 3. | Source and Amount of Funds or Other Consideration. |
From October 2013 through November 2018, the Reporting Persons acquired the following shares of stock of Legacy Berkshire Grey (as defined below): 82,726 shares of Common Stock, 2,212,389 shares of Series A Preferred Stock, 2,403,846 shares of Series A-1 Preferred Stock, 785,056 shares of Series A-2 Preferred Stock, 710,321 shares of Series A-3 Preferred Stock, 1,985,430 shares of Series B Preferred Stock, 1,447,421 shares of Series B-1 Preferred Stock. The Reporting Persons acquired such shares for an aggregate purchase price of approximately $27,288,885. All such shares were acquired with working capital.
The shares of Class A common stock reported herein as beneficially owned by the Reporting Persons were acquired in connection with a business combination transaction (the “Business Combination”) contemplated by the Agreement and Plan of Merger (the “Merger Agreement”), dated as of February 23, 2021, by and among Berkshire Grey, Inc. (known as Berkshire Grey, Inc. prior to the Business Combination and currently known as Berkshire Grey Operating Company, Inc.), a Delaware corporation (“Legacy Berkshire Grey”), Revolution Acceleration Acquisition Corp, a Delaware corporation (“RAAC”), and Pickup Merger Corp, a Delaware corporation and a direct wholly owned subsidiary of RAAC.
Pursuant to the terms and subject to the conditions set forth in the Merger Agreement, on July 21, 2021, the Business Combination was consummated. Upon the completion of the Business Combination and the other transactions contemplated by the Merger Agreement (the “Transactions”), Legacy Berkshire Grey became a direct wholly-owned subsidiary of RAAC. In connection with the Transactions, RAAC changed its name to Berkshire Grey, Inc. and Legacy Berkshire Grey changed its name to Berkshire Grey Operating Company, Inc.
As a result of the Business Combination, the shares of Legacy Berkshire Grey preferred stock held by each of the Reporting Persons were converted into Legacy Berkshire Grey common stock, and each share of Legacy Berkshire Grey common stock was converted into the right to receive approximately 5.87585 shares of Class A common stock of the Issuer. As a result of such conversions, the Reporting Persons owned an aggregate of 56,567,914 shares of Class A common stock.
| Item 4. | Purpose of Transaction. |
The shares of Class A common stock reported herein were acquired solely for investment purposes. None of the Reporting Persons have any present plans or proposals that relate to or would result in any change in the business, policies, management, structure or capitalization of the Issuer. The Reporting Persons reserve the right to acquire, or