0000000000-22-002308.txt : 20220413 0000000000-22-002308.hdr.sgml : 20220413 20220301153004 ACCESSION NUMBER: 0000000000-22-002308 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20220301 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Swvl Holdings Corp CENTRAL INDEX KEY: 0001875609 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: THE OFFICES 4 STREET 2: ONE CENTRAL CITY: DUBAI STATE: C0 ZIP: NA BUSINESS PHONE: 97 1552 132989 MAIL ADDRESS: STREET 1: THE OFFICES 4 STREET 2: ONE CENTRAL CITY: DUBAI STATE: C0 ZIP: NA FORMER COMPANY: FORMER CONFORMED NAME: Pivotal Holdings Corp DATE OF NAME CHANGE: 20210728 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]#;VQO7!E+UA/8FIE8W0O5VED=&@@,30R."],96YG=&@@,S8U+T)I='-097)# M;VUP;VYE;G0@.#X^7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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filename2.txt United States securities and exchange commission logo March 1, 2022 Victoria Grace Chief Executive Officer Pivotal Holdings Corp The Offices 4, One Central Dubai World Trade Centre Dubai, United Arab Emirates Re: Pivotal Holdings Corp Amendment No. 4 to Registration Statement on Form F-4 Filed February 1, 2022 File No. 333-259800 Dear Ms. Grace: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our January 21, 2022 letter. Amendment No. 4 to Registration Statement on Form F-4 "The Sponsor, SPAC's directors, officers or advisors or any of their respective affiliates . . .", page 73 1. We note your amended disclosure that "Sponsor, SPAC's officers, directors and advisors and their respective affiliates may identify shareholders with whom Sponsor, SPAC's officers, directors, advisors or any of their respective affiliates may pursue privately negotiated transactions by either the shareholders contacting SPAC directly or by SPAC's receipt of redemption requests submitted by shareholders following SPAC's mailing of proxy materials in connection with the Business Combination." Please tell us how these Victoria Grace Pivotal Holdings Corp March 1, 2022 Page 2 transactions comply with Rule 14e-5 of the Exchange Act. Background of the Business Combination , page 109 2. Please revise your disclosure to clarify whether any compensation was paid to your financial advisors in connection with the PIPE Financing. In this regard, we note your amended disclosure on page 117 that "No fees are expected to be paid to Barclays and Guggenheim Securities in connection with their roles as Placement Agents in the Initial PIPE Financing." However, your disclosure on page E-5 states that "As part of our current engagement by GMBT, Guggenheim Securities has acted as a placement agent on the PIPE Financing, for which services Guggenheim Securities expects to receive compensation in addition to the compensation agreed with GMBT in respect of our engagement as financial advisor in connection with the proposed business combination transaction." Please also explain the compensation received by Barclays in connection with its role as a placement agent in the PIPE Financing. In this regard, it appears from Section 4.22 and 5.11 of your business combination agreement that Barclays and Guggenheim will receive broker, finder's, or other fees in connection with the Transactions. 3. Please amend your disclosure in the background of the business combination to discuss the amendment to the business combination that was executed on January 31, 2022. Your discussion should include the reasons for this amendment and any negotiations of the parties to the merger agreement related to the amendment. Key Business and Non-IFRS Measures, page 222 4. We are still considering your response to comments 10 and 11 and may have additional comments. SPAC Shareholder Support Agreements, page 287 5. We note your disclosure throughout the filing that the Key SPAC Shareholders delivered to Swvl the SPAC Shareholder Support Agreements, pursuant to which, among other things, such shareholders have agreed to vote the 3,860,177 SPAC Class A Ordinary Shares held by them at the time of signing the SPAC Shareholder Support Agreements in favor of the adoption and approval of the Business Combination Agreement and the Transactions and not to redeem such SPAC shares. Please amend your disclosure to FirstName LastNameVictoria Grace describe the material terms of the agreement, including the compensation, if any, the Key Comapany SPACNamePivotal Holdings Shareholders Corpin return for their agreement to vote in favor of the will receive March business combination 1, 2022 Page 2 and not to redeem their shares. FirstName LastName Victoria Grace FirstName LastNameVictoria Grace Pivotal Holdings Corp Comapany March NamePivotal Holdings Corp 1, 2022 March3 1, 2022 Page 3 Page FirstName LastName You may contact Scott Stringer at (202) 551-3272 or Angela Lumley at (202) 551-3398 if you have questions regarding comments on the financial statements and related matters. Please contact Katherine Bagley at (202) 551-2545 or Jennifer L pez Molina at (202) 551-3792 with any other questions. Sincerely, Division of Corporation Finance Office of Trade & Services