SC 13G 1 d265215dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

(Amendment No. )*

Under the Securities Exchange Act of 1934

 

 

Tio Tech A

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001 per share

(Titles of Class of Securities)

G8T10C106

(CUSIP Number)

December 31, 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 13d-1(b)

☐   Rule 13d-1(c)

☒   Rule 13d-1(d)

 

*

The remainder of this cover page shall be filled out of 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 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, as amended (the “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. G8T10C106    SCHEDULE 13G    Page 2 of 6

 

  1    

  NAME OF REPORTING PERSON OR

  I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

  Tio Tech SPAC Holdings GmbH

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

  (a)  ☐        (b)  ☐

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Germany

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

    5    

  SOLE VOTING POWER

 

  8,625,000 (1)(2)(3)

   6  

  SHARED VOTING POWER

 

  0

   7  

  SOLE DISPOSITIVE POWER

 

  8,625,000 (1)(2)(3)

   8  

  SHARED DISPOSITIVE POWER

 

  0

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  8,625,000 (1)(2)(3)

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  20.0%

12  

  TYPE OF REPORTING PERSON

 

  OO

 

(1)

As described in the registration statement on Form S-1 (File No. 333-253369) (the “Registration Statement”) filed by Tio Tech A (the “Issuer”), the shares of Class B ordinary shares, par value $0.0001 per share, of the Issuer (the “Class B Ordinary Shares”) will automatically convert into shares of Class A ordinary shares, par value $0.0001 per share, of the Issuer (the “Class A Ordinary Shares”) at the time of the Issuer’s initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.

(2)

Does not include 5,083,333 shares of Class A Ordinary Shares issuable upon the exercise of 5,083,333 private placement warrants of the Issuer. Each private placement warrant is exercisable to purchase one share of Class A Ordinary Shares at a price of $11.50 per share, subject to adjustment, becomes exercisable 30 days after the completion of the Issuer’s initial business combination and expires five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation, as described under the heading “Description of Securities—Private Placement Warrants” in the Registration Statement.

(3)

Represents 8,625,000 shares of Class B Ordinary Shares directly held by Tio Tech SPAC Holdings GmbH (the “Sponsor”). The three managing directors of the Sponsor are Dominik Richter, Roman Kirsch and Spyro Korsanos. Under the so-called “rule of three,” if voting and dispositive decisions regarding an entity’s securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity’s securities. Therefore, none of Messrs. Richter, Kirsch or Korsanos exercises voting or dispositive control over any of the securities held by the Sponsor, even those in which he holds any direct or indirect pecuniary interest. Accordingly, none of Messrs. Richter, Kirsch or Korsanos is deemed to have or share beneficial ownership of the founder shares held by the Sponsor.

CUSIP No. G8T10C106    SCHEDULE 13G    Page 3 of 6

 

Item 1(a).

Name of Issuer:

Tio Tech A

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

Unter den Linden 21

10117 Berlin, Germany

 

Item 2(a).

Name of Person Filing:

Tio Tech SPAC Holdings GmbH

 

Item 2(b).

Address of Principal Business Office or, if none, Residence:

Unter den Linden 21

10117 Berlin, Germany

 

Item 2(c).

Citizenship:

Germany

 

Item 2(d).

Titles of Classes of Securities:

Class A Ordinary Shares, par value $0.0001 per share.

 

Item 2(e).

CUSIP Number:

G8T10C106

 

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n):

(a)    ☐    Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).
(b)    ☐    Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).

CUSIP No. G8T10C106    SCHEDULE 13G    Page 4 of 6

 

(c)    ☐    Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
(d)    ☐    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e)    ☐    Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
(f)    ☐    Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
(g)    ☐    Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
(h)    ☐    Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
(i)    ☐    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. 80a-3).
(j)    ☐    Non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J).
(k)    ☐    Group in accordance with §240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: __________

 

Item 4.

Ownership

 

  (a)

Amount beneficially owned:

See response to Item 9 on the cover page.

 

  (b)

Percent of class:

See response to Item 11 on the cover page.

 

  (c)

Number of shares as to which such person has:

 

  (i)

Sole power to vote or to direct the vote:

See response to Item 5 on the cover page.

 

  (ii)

Shared power to vote or to direct the vote:

See response to Item 6 on the cover page.

CUSIP No. G8T10C106    SCHEDULE 13G    Page 5 of 6

 

 

   

 

(iii) Sole power to dispose or to direct the disposition of:

  See response to Item 7 on the cover page.

(iv) Shared power to dispose or to direct the disposition of:

  See response to Item 8 on the cover page.

 

Item 5.

Ownership of Five 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 five percent of the class of securities, check the following ☐.

 

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.

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.

CUSIP No. G8T10C106    SCHEDULE 13G    Page 6 of 6

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.

Dated: February 11, 2022

 

Tio Tech SPAC Holdings GmbH
By:  

/s/ Roman Kirsch

Name:   Roman Kirsch
Title:   Managing Director