Berkshire Grey SC 13G/A / CANAAN X ownership change

Berkshire Grey (BGRY) SC 13G/ABerkshire Grey / CANAAN X ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

BERKSHIRE GREY, INC.

(Name of Issuer)

CLASS A COMMON STOCK, $0.0001 PAR VALUE PER SHARE

(Title of Class of Securities)

084656 107

(CUSIP Number)

December 31, 2022

(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. 084656 107		SCHEDULE 13G/A		Page 2 of 7 Pages

(1)

For purposes of calculating beneficial ownership in this statement on Schedule 13G/A, the total number of shares of Class A Common Stock issued and outstanding as of November 10, 2022 is 233,296,411, as reported by the Issuer on its Quarterly Report on Form 10-Q for the period ended September 30, 2022, as filed with the Securities and Exchange Commission on November 14, 2022. The percentage provided represents the number of shares of Class A Common Stock beneficially owned by the applicable Reporting Person divided by the number of shares of Class A Common Stock outstanding as reported by the Issuer.


CUSIP No. 084656 107		SCHEDULE 13G/A		Page 3 of 7 Pages

(1) For purposes of calculating beneficial ownership in this statement on Schedule 13G/A, the total number of shares of Class A Common Stock issued and outstanding as of November 10, 2022 is 233,296,411, as reported by the Issuer on its Quarterly Report on Form 10-Q for the period ended September 30, 2022, as filed with the Securities and Exchange Commission on November 14, 2022. The percentage provided represents the number of shares of Class A Common Stock beneficially owned by the applicable Reporting Person divided by the number of shares of Class A Common Stock outstanding as reported by the Issuer.


CUSIP No. 084656 107		SCHEDULE 13G/A		Page 4 of 7 Pages

Item 1.

Issuer

(a)

Name of Issuer:

Berkshire Grey, Inc. (f/k/a Revolution Acceleration Acquisition Corp.) (the “Issuer”)

(b)

Address of Issuer’s Principal Executive Offices:

140 South Road

Bedford, MA 01730

Item 2.

Filing Person

(a) – (c) Name of Persons Filing; Address; Citizenship:

(i)

Canaan X L.P., a Cayman Islands limited partnership (the “Fund”); and

(ii)

Canaan Partners X LLC, a Delaware limited liability company (the “General Partner”).

The address of the principal business office of each of the reporting persons is 2765 Sand Hill Road, Menlo Park, CA 94025.

(d)

Title of Class of Securities:

Class A Common Stock, $0.0001 par value per share, (the “Common Stock”)

(e)

CUSIP Number:

084656 107

Item 3.

If this statement is filed pursuant to Rules 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 Act;

(b)	☐	Bank as defined in Section 3(a)(6) of the Act;

(c)	☐	Insurance company as defined in Section 3(a)(19) of the Act;

(d)	☐	Investment company registered under Section 8 of the Investment Company Act of 1940;

(e)	☐	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)	☐	A parent holding company or control person in accordance with Rule 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;

(j)	☐	A non-U.S. institution in accordance with Rule 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 Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:


CUSIP No. 084656 107		SCHEDULE 13G/A		Page 5 of 7 Pages

Item 4.

Ownership.

(a) and (b) Amount beneficially owned:

(i)

The Fund directly owns 14,154,207 shares of Common Stock, which represents approximately 6.1% of the outstanding shares of Common Stock.

(ii)

The General Partner is the general partner of the Fund and may be deemed to beneficially own 14,154,207 shares of Common Stock, which represents approximately 6.1% of the outstanding shares of Common Stock.

(c)

Number of shares as to which such person has:


	Number of Common Stock
Reporting Person	(i)		(ii)		(iii)		(iv)
Canaan X L.P.		14,154,207		0		14,154,207		0
Canaan Partners X LLC		14,154,207		0		14,154,207		0

(i) Sole power to vote or direct the vote

(ii) Shared power to vote or to direct the vote

(iii) Sole power to dispose or to direct the disposition of

(iv) Shared power to dispose or to direct the disposition of

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 or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.


CUSIP No. 084656 107		SCHEDULE 13G/A		Page 6 of 7 Pages

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

Not applicable.


CUSIP No. 084656 107		SCHEDULE 13G/A		Page 7 of 7 Pages

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 1, 2023


CANAAN X L.P.

By: CANAAN PARTNERS X LLC, its General Partner

By:		/s/ Nancy Levenson
		Nancy Levenson, Attorney-in-Fact

CANAAN PARTNERS X LLC

By:		/s/ Nancy Levenson
		Nancy Levenson, Attorney-in-Fact

NAMES OF REPORTING PERSONS

Canaan X L.P.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands