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*
Mission Advancement Sponsor LLC

(Last) (First) (Middle)
C/O MISSION ADVANCEMENT CORP.
2525 E CAMELBACK RD, STE. 850

(Street)
PHOENIX AZ 85016

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/02/2021
3. Issuer Name and Ticker or Trading Symbol
Mission Advancement Corp. [ MACC.U ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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 7,200,000(2) (1) D
1. Name and Address of Reporting Person*
Mission Advancement Sponsor LLC

(Last) (First) (Middle)
C/O MISSION ADVANCEMENT CORP.
2525 E CAMELBACK RD, STE. 850

(Street)
PHOENIX AZ 85016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Najafi Jahm J

(Last) (First) (Middle)
C/O MISSION ADVANCEMENT CORP.
2525 E CAMELBACK RD, STE 850

(Street)
PHOENIX AZ 85016

(City) (State) (Zip)
1. Name and Address of Reporting Person*
Keane Peter J

(Last) (First) (Middle)
C/O MISSION ADVANCEMENT CORP.
2525 CAMELBACK RD, STE 850

(Street)
PHOENIX AZ 85016

(City) (State) (Zip)
Explanation of Responses:
1. As described in the issuer's registration statement on Form S-1 (File No. 333-252918) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock upon the consummation of the issuer's initial business combination on a one-for-one basis, adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
2. Mission Advancement Sponsor LLC (the "Sponsor"), is the record holder of the shares reported herein. Peter Keane and Jahm Najafi are the managing members of the Sponsor and have voting and investment discretion with respect to the common stock held of record by the Sponsor. By virtue of this relationship, Messrs. Keane and Najafi may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
/s/ Peter Keane Mission Advancement Sponsor, by Peter Keane, Managing Member 03/02/2021
/s/ Jahm Najafi 03/02/2021
/s/ Peter Keane 03/02/2021
** 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.