0000899243-22-005353.txt : 20220209 0000899243-22-005353.hdr.sgml : 20220209 20220209090041 ACCESSION NUMBER: 0000899243-22-005353 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220204 FILED AS OF DATE: 20220209 DATE AS OF CHANGE: 20220209 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ECP ControlCo, LLC CENTRAL INDEX KEY: 0001707921 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40032 FILM NUMBER: 22604010 BUSINESS ADDRESS: STREET 1: 40 BEECHWOOD ROAD CITY: SUMMIT STATE: NJ ZIP: 07901 BUSINESS PHONE: (973) 671-6100 MAIL ADDRESS: STREET 1: 40 BEECHWOOD ROAD CITY: SUMMIT STATE: NJ ZIP: 07901 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ENNV Holdings, LLC CENTRAL INDEX KEY: 0001845060 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40032 FILM NUMBER: 22604009 BUSINESS ADDRESS: STREET 1: 40 BEECHWOOD ROAD CITY: SUMMIT STATE: NJ ZIP: 07901 BUSINESS PHONE: 973-671-6100 MAIL ADDRESS: STREET 1: 40 BEECHWOOD ROAD CITY: SUMMIT STATE: NJ ZIP: 07901 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Fast Radius, Inc. CENTRAL INDEX KEY: 0001832351 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] IRS NUMBER: 853692788 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 113 N. MAY STREET CITY: CHICAGO STATE: IL ZIP: 60607 BUSINESS PHONE: 888-787-1629 MAIL ADDRESS: STREET 1: 113 N. MAY STREET CITY: CHICAGO STATE: IL ZIP: 60607 FORMER COMPANY: FORMER CONFORMED NAME: ECP Environmental Growth Opportunities Corp. DATE OF NAME CHANGE: 20201116 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-02-04 0 0001832351 Fast Radius, Inc. FSRD 0001707921 ECP ControlCo, LLC C/O ECP ENVIRONMENTAL GROWTH OPPORTUNITIES CORP., 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 0001845060 ENNV Holdings, LLC C/O ECP CONTROLCO, LLC 40 BEECHWOOD ROAD SUMMIT NJ 07901 1 0 1 0 Common Stock 2022-02-04 4 C 0 8140000 A 8140000 I See footnotes Common Stock 2022-02-04 4 A 0 731340 10.00 A 8871340 I See footnotes Common Stock 2022-02-04 4 A 0 68660 10.00 A 8940000 I See footnotes Common Stock 2022-02-04 4 A 0 200000 10.00 A 9140000 I See footnotes Common Stock 2022-02-04 4 C 0 755461 0.00 A 9897905 I See footnotes Class B Common Stock 2022-02-04 4 C 0 8140000 D Class A Common Stock 8140000 0 I See footnotes Convertible Promissory Note 2022-02-04 4 C 0 7000000 0.00 D Class A Common Stock 755461 0 I See footnotes On February 4, 2022, pursuant to that certain Agreement and Plan of Merger, dated as of July 18, 2021, by and among the Fast Radius, Inc. (formerly known as ECP Environmental Growth Opportunities Corp.) (the "Issuer"), ENNV Merger Sub, Inc. ("Merger Sub") and Fast Radius Operations, Inc. (formerly known as Fast Radius, Inc.) ("Legacy Fast Radius"), as amended on December 26, 2021 and January 31, 2022 (as amended, the "Merger Agreement"), the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, each outstanding share of Class B Common Stock, par value $0.0001 per share, of the Issuer was automatically converted into a share of Common Stock, par value $0.0001 per share ("Common Stock"), of the Issuer (the "Converted Shares") on a one-for-one basis. (Continued Footnote 1) Upon the completion of the Business Combination, Merger Sub was merged with and into Legacy Fast Radius, with Legacy Fast Radius surviving such merger as a wholly owned subsidiary of the Issuer, and the Issuer was renamed "Fast Radius, Inc." Pursuant to the Sponsor Support Agreement, dated as of July 18, 2021 (the "Sponsor Support Agreement"), by and among the Issuer, ENNV Holdings, Legacy Fast Radius and the other parties thereto, at the closing of the Business Combination (the "Closing"), 814,000 of these shares (the "Earn Out Shares") will be subject to vesting, for a period of five years from the date of the Closing (the "Earnout Period"), in two equal tranches, upon the satisfaction of certain price targets set forth in the Sponsor Support Agreement, which price targets will be based upon the (i) daily volume-weighted average sale price of shares of Common Stock quoted on the Nasdaq Capital Market ("Nasdaq"), or the exchange on which the shares of Common Stock are then traded, for any 20 trading days within any 30 consecutive trading day period within the Earnout Period or (ii) the per share consideration received in connection with an Acquiror Sale (as defined in the Merger Agreement). (Continued Footnote 3)In the event of an Acquiror Sale in which the per share consideration received is less than a price target set forth in the Merger Agreement that has not previously occurred, the applicable provisions of the Sponsor Support Agreement will terminate and no Earn Out Shares will be issuable thereunder with respect to such price target in connection with or following completion of such Acquiror Sale. Upon the expiration of the Earn Out Period, any unvested Earn Out Shares will be forfeited to the Issuer without consideration. ENNV Holdings, LLC ("ENNV Holdings") is the record holder of these securities. ENNV GP, LLC ("ENNV GP") is the managing member of ENNV Holdings. ECP ControlCo, LLC ("ControlCo") is the managing member of ENNV GP. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by ENNV Holdings. ECP Energy Transition Opportunities Fund A, LP ("Fund A") is the record holder of these securities. ECP Energy Transition Opportunities GP, LP ("Energy Transition GP") is the general partner of Fund A. ECP Energy Transition Opportunities, LLC ("Energy Transition") is the general partner of Energy Transition GP. ControlCo is the managing member of Energy Transition. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by Fund A. ECP Energy Transition Opportunities Fund B, LP ("Fund B") is the record holder of these securities. Energy Transition GP is the general partner of Fund B. Energy Transition is the general partner of Energy Transition GP. ControlCo is the managing member of Energy Transition. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities held by Fund B. Immediately prior to the Closing, the convertible note converted into shares of common stock, par value $0.0001 per share, of Fast Radius ("Fast Radius Common Stock") in accordance with its terms and, upon Closing, such shares of Fast Radius Common Stock converted into shares of Common Stock in accordance with the terms of the Merger Agreement. Energy Capital Partners Holdings, LP ("ECP Holdings") is the record holder of the shares reported herein. ControlCo is the general partner of ECP Holdings. As a result, ControlCo may be deemed to share beneficial ownership of the securities held by ECP Holdings. The managing members of ControlCo are Douglas Kimmelman, Andrew Singer, Peter Labbat, Tyler Reeder and Rahman D'Argenio, all of whom collectively share the power to vote and dispose of the securities benefically owned by ControlCo. Each such individual disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. ECP ControlCo, LLC, By: /s/ Tyler Reeder, Managing Member 2022-02-09 ENNV Holdings, LLC, By: ENNV GP, LLC, its managing member, By: ECP ControlCo, LLC, its general partner, By: /s/ Tyler Reeder, Managing Member 2022-02-09