UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
(Name of Issuer)
TECH AND ENERGY TRANSITION CORPORATION
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
87823R201**
(CUSIP Number)
March 17, 2021
(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 13d1(b)
☒ Rule 13d1(c)
☐ Rule 13d1(d)
* | The remainder of this cover page shall be filled out for a reporting persons 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. 87823R201 |
(1) |
Names of reporting persons
Sculptor Capital LP | |||||
(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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
(6) | Shared voting power
2,250,000 | |||||
(7) | Sole dispositive power
0 | |||||
(8) | Shared dispositive power
2,250,000 |
(9) |
Aggregate amount beneficially owned by each reporting person
2,250,000 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.84% | |||||
(12) | Type of reporting person (see instructions)
IA |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Capital II LP | |||||
(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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
(6) | Shared voting power
2,250,000 | |||||
(7) | Sole dispositive power
0 | |||||
(8) | Shared dispositive power
2,250,000 |
(9) |
Aggregate amount beneficially owned by each reporting person
2,250,000 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.84% | |||||
(12) | Type of reporting person (see instructions)
IA |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Capital Holding Corp. | |||||
(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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
(6) | Shared voting power
2,250,000 | |||||
(7) | Sole dispositive power
0 | |||||
(8) | Shared dispositive power
2,250,000 |
(9) |
Aggregate amount beneficially owned by each reporting person
2,250,000 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.84% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Capital Holding II 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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
(6) | Shared voting power
2,250,000 | |||||
(7) | Sole dispositive power
0 | |||||
(8) | Shared dispositive power
2,250,000 |
(9) |
Aggregate amount beneficially owned by each reporting person
2,250,000 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.84% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Capital Management, Inc. | |||||
(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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
0 | ||||
(6) | Shared voting power
2,250,000 | |||||
(7) | Sole dispositive power
0 | |||||
(8) | Shared dispositive power
2,250,000 |
(9) |
Aggregate amount beneficially owned by each reporting person
2,250,000 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
5.84% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Master Fund, Ltd. | |||||
(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
Cayman Islands |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
| ||||
(6) | Shared voting power
1,462,500 | |||||
(7) | Sole dispositive power
| |||||
(8) | Shared dispositive power
1,462,500 |
(9) |
Aggregate amount beneficially owned by each reporting person
1,462,500 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
3.8% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Special Funding, LP | |||||
(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
Cayman Islands |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
| ||||
(6) | Shared voting power
1,462,500 | |||||
(7) | Sole dispositive power
| |||||
(8) | Shared dispositive power
1,462,500 |
(9) |
Aggregate amount beneficially owned by each reporting person
1,462,500 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
3.8% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Credit Opportunities Master Fund, Ltd. | |||||
(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
Cayman Islands |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
| ||||
(6) | Shared voting power
337,500 | |||||
(7) | Sole dispositive power
| |||||
(8) | Shared dispositive power
337,500 |
(9) |
Aggregate amount beneficially owned by each reporting person
337,500 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
.88% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor SC II LP | |||||
(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
Delaware |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
| ||||
(6) | Shared voting power
337,500 | |||||
(7) | Sole dispositive power
| |||||
(8) | Shared dispositive power
337,500 |
(9) |
Aggregate amount beneficially owned by each reporting person
337,500 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
.88% | |||||
(12) | Type of reporting person (see instructions)
CO |
CUSIP No. 87823R201 |
(1) |
Names of reporting persons
Sculptor Enhanced Master Fund, Ltd. | |||||
(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
Cayman Islands |
Number of shares beneficially owned by each reporting person with: |
(5) | Sole voting power
| ||||
(6) | Shared voting power
112,500 | |||||
(7) | Sole dispositive power
| |||||
(8) | Shared dispositive power
112,500 |
(9) |
Aggregate amount beneficially owned by each reporting person
112,500 | |||||
(10) | Check if the aggregate amount in Row (9) excludes certain shares (see instructions)
| |||||
(11) | Percent of class represented by amount in Row (9)
0.29% | |||||
(12) | Type of reporting person (see instructions)
CO |
| Sculptor Capital LP (Sculptor), a Delaware limited partnership, is the principal investment manager to a number of private funds and discretionary accounts (collectively, the Accounts). |
| Sculptor Capital II LP (Sculptor-II), a Delaware limited partnership that is wholly owned by Sculptor, also serves as the investment manager to certain of the Accounts. The Common Stock reported in this Schedule 13G are held in the Accounts managed by Sculptor and Sculptor-II. |
| Sculptor Capital Holding Corporation (SCHC), a Delaware corporation, serves as the general partner of Sculptor. |
| Sculptor Capital Holding II LLC (SCHC-II), a Delaware limited liability company that is wholly owned by Sculptor, serves as the general partner of Sculptor-II. |
| Sculptor Capital Management, Inc. (SCU), a Delaware limited liability company, is a holding company that is the sole shareholder of SCHC and the ultimate parent company of Sculptor and Sculptor-II. |
| Sculptor Master Fund, Ltd. (SCMF) is a Cayman Islands company. Sculptor is the investment adviser to SCMF. |
| Sculptor Special Funding, LP (NRMD) is a Cayman Islands exempted limited partnership that is wholly owned by SCMF. |
| Sculptor Credit Opportunities Master Fund, Ltd. (SCCO) is a Cayman Islands company. Sculptor is the investment adviser to SCCO. |
| Sculptor SC II LP (NJGC) is a Delaware limited partnership. Sculptor-II is the investment adviser to NJGC. |
| Sculptor Enhanced Master Fund, Ltd. (SCEN) is a Cayman Islands company. Sculptor is the investment adviser to SCEN. |
| The address of the principal business office of Sculptor, Sculptor-II, SCHC, SCHC-II, and SCU is 9 West 57 Street, 39 Floor, New York, NY 10019. |
| The address of the principal business office of SCMF, NRMD, SCEN, and SCCO is c/o State Street (Cayman) Trust, Limited, 1 Nexus Way - Suite #5203, PO Box 896, Helicona Courtyard, Camana Bay, Grand Cayman, KY1-1103, Cayman. |
| The address of the principal business office of NJGC is c/o The Corporation Trust Company 1209 Orange Street, Wilmington DE 19801. |
SCHEDULE 13G
Item 1(a) Name of issuer:
TECH AND ENERGY TRANSITION CORPORATION, a Delaware corporation (the Issuer)
Item 1(b) Address of issuers principal executive offices:
125 W 55th Street
New York, New York 10019
2(a) Name of person filing:
Sculptor Capital LP
2(b) Address or principal business office or, if none, residence:
9 West 57th Street, New York, New York 10019
2(c) Citizenship:
Delaware
2(d) Title of class of securities:
Common Stock , par value $0.0001 per share (the Common Stock )
2(e) CUSIP No.:
87823R201
Item 3. | If this statement is filed pursuant to §§240.13d1(b) or 240.13d2(b) or (c), check whether the person filing is a: |
(a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); | ||
(b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); | ||
(c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); | ||
(d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a8); | ||
(e) | ☐ | An investment adviser in accordance with §240.13d1(b)(1)(ii)(E); | ||
(f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d1(b)(1)(ii)(F); | ||
(g) | ☐ | A parent holding company or control person in accordance with §240.13d1(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 (15 U.S.C. 80a3); | ||
(j) | ☐ | A non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J); | ||
(k) | ☐ | Group, in accordance with §240.13d1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J), please specify the type of institution: |
Item 4. | Ownership |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 2,250,000
(b) Percent of class: 5.84%
SCHEDULE 13G
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote 0.
(ii) Shared power to vote or to direct the vote 2,250,000.
(iii) Sole power to dispose or to direct the disposition of 0.
(iv) Shared power to dispose or to direct the disposition of 2,250,000.
Sculptor and Sculptor-II serve as the principal investment managers to the Accounts and thus may be deemed to be the beneficial owners of the Common Stock of the Issuer held in the Accounts managed by Sculptor and Sculptor-II. SCHC-II serves as the sole general partner of Sculptor-II and is wholly owned by Sculptor. SCHC serves as the sole general partner of Sculptor. As such, SCHC may be deemed to control Sculptor and, therefore, may be deemed to be the beneficial owner of the Common Stock reported in this Schedule 13G. SCU is the sole shareholder of SCHC, and, for purposes of this Schedule 13G, may be deemed to be the beneficial owner of the Common Stock reported in this Schedule 13G.
The percentages used in this Item 4 are calculated based on the Issuers initial public offering of 38,500,000 units at a price of $10.00 per unit, which began trading on the Nasdaq Stock Market, LLC under the ticker symbol TETCU on March 17, 2021, as set forth in the Issuers Form 8-K dated March 19, 2021 (the 8-K). As further reported in the Issuers 8-K, each unit consists of one share of Class A Common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A Common Stock at a price of $11.50 per share.
Item 5. | Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☐. |
Dissolution of a group requires a response to this item.
Item 6. | Ownership of More than 5 Percent on Behalf of Another Person. |
See Item 4.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
N/A
Item 8. | Identification and Classification of Members of the Group. |
See Item 4.
Item 9. | Notice of Dissolution of Group. |
N/A
Item 10. | Certifications |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are 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 other than activities solely in connection with a nomination under §240.14a-11.
Signatures
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: March 23, 2021 | SCULPTOR CAPITAL LP | |||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR CAPITAL II LP | ||||
By: Sculptor Capital Holding II LLC, its General Partner | ||||
By: Sculptor Capital LP, its Member | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR CAPITAL HOLDING CORPORATION | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR CAPITAL HOLDING II LLC | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR CAPITAL MANAGEMENT, INC. | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR MASTER FUND, LTD. | ||||
By: Sculptor Capital LP, its investment manager | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR SPECIAL FUNDING, LP | ||||
By: Sculptor Capital LP, its investment manager | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR ENHANCED MASTER FUND, LTD. | ||||
By: Sculptor Capital LP, its investment manager | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR CREDIT OPPORTUNITIES MASTER FUND, LTD. | ||||
By: Sculptor Capital LP, its investment manager | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer | ||||
SCULPTOR SC II LP | ||||
By: Sculptor Capital II LP, its investment manager | ||||
By: Sculptor Capital Holding II LLC, its General Partner | ||||
By: Sculptor Capital LP, its Member | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer |
SCULPTOR SC II LP | ||||
By: Sculptor Capital II LP, its investment manager | ||||
By: Sculptor Capital Holding II LLC, its General Partner | ||||
By: Sculptor Capital LP, its Member | ||||
By: Sculptor Capital Holding Corporation, its General Partner | ||||
Signature:/s/ Wayne Cohen | ||||
Name: Wayne Cohen | ||||
Title: President and Chief Operating Officer |