UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )*
SK Growth Opportunities Corporation
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
G8192N129
(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 on 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).
| 1. | Names of Reporting Persons
Auxo Capital Managers LLC | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
USA | |||||
Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
11,942,000(1) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
11,942,000(1) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,942,000(1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
36.30%(2) | |||||
| 12. | Type of Reporting Person (See Instructions)
OO | |||||
| (1) | Represents 11,942,000 shares of Class A Common Stock (“Class A Shares”) issuable in respect of (i) 5,150,000 shares of Class B Common Stock (“Class B Shares”), which are convertible one for one into Class A Shares, and (ii) 6,792,000 warrants to acquire an equivalent number of Class A Shares (“Warrants”). |
| (2) | Calculated based on (i) 20,960,000 Class A Shares outstanding as of November 14, 2022 as reported on the Issuer’s Form 10-Q, filed on November 14, 2022 and (ii) an additional 11,942,000 Class A Shares issuable in respect of 5,150,000 Class B Shares and 6,792,000 Warrants. |
| 1. | Names of Reporting Persons
Richard H. Chin | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
USA | |||||
Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
11,942,000(1) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
11,942,000(1) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,942,000(1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
36.30%(2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (1) | Represents 11,942,000 shares of Class A Common Stock (“Class A Shares”) issuable in respect of (i) 5,150,000 shares of Class B Common Stock (“Class B Shares”), which are convertible one for one into Class A Shares, and (ii) 6,792,000 warrants to acquire an equivalent number of Class A Shares (“Warrants”). |
| (2) | Calculated based on (i) 20,960,000 Class A Shares outstanding as of November 14, 2022 as reported on the Issuer’s Form 10-Q, filed on November 14, 2022 and (ii) an additional 11,942,000 Class A Shares issuable in respect of 5,150,000 Class B Shares and 6,792,000 Warrants. |
| 1. | Names of Reporting Persons
Derek Edward Jensen | |||||
| 2. | Check The Appropriate Box if a Member of a Group (See Instructions)
(a) ☐ (b) ☐ | |||||
| 3. | SEC Use Only
| |||||
| 4. | Citizenship or Place of Organization
USA | |||||
Number of Shares Beneficially Owned By Each Reporting Person With | 5. | Sole Voting Power
0 | ||||
| 6. | Shared Voting Power
11,942,000(1) | |||||
| 7. | Sole Dispositive Power
0 | |||||
| 8. | Shared Dispositive Power
11,942,000(1) | |||||
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person
11,942,000(1) | |||||
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐ | |||||
| 11. | Percent of Class Represented by Amount in Row (9)
36.30%(2) | |||||
| 12. | Type of Reporting Person (See Instructions)
IN | |||||
| (1) | Represents 11,942,000 shares of Class A Common Stock (“Class A Shares”) issuable in respect of (i) 5,150,000 shares of Class B Common Stock (“Class B Shares”), which are convertible one for one into Class A Shares, and (ii) 6,792,000 warrants to acquire an equivalent number of Class A Shares (“Warrants”). |
| (2) | Calculated based on (i) 20,960,000 Class A Shares outstanding as of November 14, 2022 as reported on the Issuer’s Form 10-Q, filed on November 14, 2022 and (ii) an additional 11,942,000 Class A Shares issuable in respect of 5,150,000 Class B Shares and 6,792,000 Warrants. |
| Item 1(a). | Name of Issuer: | |
| SK Growth Opportunities Corporation (the “Issuer”) | ||
| Item 1(b). | Address of Issuer’s Principal Executive Offices: | |
| 228 Park Avenue S, #96693, New York, NY, 10003 | ||
| Item 2(a). | Names of Persons Filing: | |
This statement is filed by the entities and persons listed below, each of whom is referred to herein as a “Reporting Person” and together as the “Reporting Persons”:
1. Auxo Capital Managers LLC
2. Richard H. Chin
3. Derek Edward Jensen | ||
| Item 2(b). | Address of the Principal Business Office or, if None, Residence: | |
| 228 Park Avenue S, #96693, New York, NY, 10003 | ||
| Item 2(c). | Citizenship: | |
| See responses to Item 4 on each cover page. | ||
| Item 2(d). | Title of Class of Securities: | |
| Common Stock, $0.0001 par value | ||
| Item 2(e). | CUSIP Number: | |
| G8192N129 | ||
| 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(n): | |
| Not Applicable. | ||
| Item 4. | Ownership.
(a) Amount beneficially owned:
See response to Item 9 on each cover page.
(b) Percent of Class:
See response to Item 11 on each cover page.
(c) Number of shares as to which the Reporting Person has:
(i) Sole power to vote or to direct the vote:
See responses to Item 5 on each cover page.
(ii) Shared power to vote or to direct the vote:
See responses to Item 6 on each cover page.
(iii) Sole power to dispose or to direct the disposition of:
See responses to Item 7 on each cover page. | |
(iv) Shared power to dispose or to direct the disposition of:
See responses to Item 8 on each cover page.
Auxo Capital Managers LLC (“Auxo Capital”) directly holds 5,150,000 Class B Shares and 6,792,000 Warrants. Richard H. Chin and Derek Edward Jensen are the managers of Auxo Capital. As such, Auxo Capital, Richard H. Chin, and Derek Edward Jensen may be deemed to have beneficial ownership over the 5,150,000 Class B Shares and 6,792,000 Warrants held by Auxo Capital.
The Reporting Persons hold 36.30% of the Issuer’s outstanding Common Stock. This percentage of ownership is based on (i) 20,960,000 Class A Shares outstanding as of November 14, 2022 as reported on the Issuer’s Form 10-Q, filed on November 14, 2022 and (ii) an additional 11,942,000 Class A Shares issuable in respect of 5,150,000 Class B Shares and 6,792,000 Warrants.
This filing of this Statement shall not be construed as an admission that the Reporting Persons are, for the purpose of Section 13(d) or 13(g) of the Exchange Act, the beneficial owner of any securities covered by this Statement. | ||
| Item 5. | Ownership of Five Percent or Less of a Class. | |
| Not Applicable. | ||
| 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. | ||
| Item 9. | Notice of Dissolution of Group. | |
| Not Applicable. | ||
| Item 10. | Certification. | |
| Not Applicable. | ||
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.
Dated: February 7, 2023
| Auxo Capital Managers LLC | ||
| By: | /s/ Richard H. Chin | |
| Richard H. Chin, Manager | ||
| By: | /s/ Richard H. Chin | |
| Richard H. Chin | ||
| By: | /s/ Derek Edward Jensen | |
| Derek Edward Jensen | ||
EXHIBIT LIST
| Exhibit A | Joint Filing Agreement, dated as of February 7, 2023. |
