SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
RAAC Management LLC

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/07/2020
3. Issuer Name and Ticker or Trading Symbol
Revolution Acceleration Acquisition Corp [ RAAC ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class B common stock (1) (1) Class A common stock 3,735,333 (1) D(3)
Class C common stock (2) (2) Class A common stock 5,628,000 (2) D(3)
1. Name and Address of Reporting Person*
RAAC Management LLC

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Acceleration Capital Management, LLC

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Revolution Special Opportunities LLC

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
DELANEY JOHN K

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
1. Name and Address of Reporting Person*
CASE STEPHEN M

(Last) (First) (Middle)
C/O REVOLUTION ACCELERATION ACQ. CORP
1717 RHODE ISLAND AVENUE, NW, 10TH FLOOR

(Street)
WASHINGTON, DC 20036

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. As described in the issuer's registration statement on Form S-1 (File No. 333-250850) under the heading "Description of Securities--Founder Shares and Alignment Shares," the Class B common stock of the issuer, par value $0.0001 per share, will automatically convert into Class A common stock of the issuer, par value $0.0001 per share, at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and have no expiration date.
2. As described in the issuer's registration statement on Form S-1 (File No. 333-250850) under the heading "Description of Securities--Founder Shares and Alignment Shares," the Class C common stock of the issuer, par value $0.0001 per share, will automatically convert into Class A common stock of the issuer, par value $0.0001 per share, at a time after the issuer's initial business combination upon meeting certain stock price performance thresholds, on a one-for-one basis, subject to certain adjustments, and have no expiration date.
3. RAAC Management LLC ("Sponsor") is the record holder of the shares of Class B common stock and the shares of Class C common stock reported herein, which include 500,000 shares of Class B common stock and 750,000 shares of Class C common stock that are subject to forfeiture to the extent that the underwriter of the issuer's public offering does not exercise its over-allotment option. The members of Sponsor are Acceleration Capital Management LLC ("ACM") and Revolution Special Opportunities LLC ("RSO"). John K. Delaney is the managing member of ACM and Stephen M. Case is the managing member of RSO. The members of Sponsor elect and remove its managers. As a result of the foregoing, each of ACM, RSO, Mr. Delaney and Mr. Case may be deemed to beneficially own shares held by Sponsor. Each of ACM, RSO, Mr. Delaney and Mr. Case disclaims beneficial ownership of the shares held by Sponsor, except to the extent of such person's pecuniary interest therein.
Remarks:
Exhibit 24.1 - Power of Attorney. Each of Mr. Delaney and Mr. Case serves on the board of directors of the issuer, and Mr. Delaney also serves as its Chief Executive Officer. On the basis of the relationship between the Sponsor, Mr. Delaney, Mr. Case, ACM and RSO, each of the Sponsor, ACM and RSO may be deemed a director by deputization with respect to the issuer for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended.
RAAC Management LLC, by: /s/ John K. Delaney, Authorized Signatory 12/07/2020
Acceleration Capital Management LLC, by: /s/ John K. Delaney, Managing Member 12/07/2020
/s/ John K. Delaney, as attorney-in-fact for Revolution Special Opportunities LLC 12/07/2020
/s/ John K. Delaney 12/07/2020
/s/ John K. Delaney, as attorney-in-fact for Stephen M. Case 12/07/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.