S-1/A 1 d132544ds1a.htm S-1/A S-1/A

As filed with the U.S. Securities and Exchange Commission on March 12, 2021.

Registration No. 333-253637

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

AMENDMENT NO. 1 TO

FORM S-1

REGISTRATION STATEMENT

UNDER

THE SECURITIES ACT OF 1933

 

 

RMG Acquisition Corp. IV

(Exact name of registrant as specified in its charter)

 

 

Cayman Islands

(State or other jurisdiction of incorporation or organization)

 

6770

(Primary Standard Industrial

Classification Code Number)

 

50 West Street, Suite 40C

New York, NY 10006

(212) 785-2579

 

66-0968897

(I.R.S. Employer

Identification Number)

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Robert S. Mancini
Chief Executive Officer
RMG Acquisition Corp. IV
50 West Street, Suite 40C
New York, NY 10006
(212) 785-2579

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

 

David S. Allinson
Latham & Watkins LLP
885 Third Avenue
New York, NY 10022
(212) 906-1200
  Ryan J. Maierson
Latham & Watkins LLP
811 Main Street, Suite 3700
Houston, TX 77002
(713) 546-5400
  Paul D. Tropp, Esq.
Christopher J. Capuzzi, Esq.
Ropes & Gray LLP
1211 Avenue of the Americas
New York, New York 10036
(212) 596-6000

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box: ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐             Accelerated filer ☐             Non-accelerated filer ☒             Smaller reporting company ☒

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Security Being Registered

  

Amount Being
Registered

    

Proposed Maximum
Offering Price per
Security(1)

    

Proposed Maximum
Aggregate Offering
Price(1)

    

Amount of
Registration Fee(6)

 

Units, each consisting of one Class A ordinary share, $0.0001 par value per share, and one-fifth of one redeemable warrant(2)

     31,625,000      $ 10.00      $ 316,250,000      $ 34,502.88  

Class A ordinary shares included as part of the units(3)(4)

     31,625,000        —          —          —   (5) 

Redeemable warrants included as part of the units(3)(4)

     10,725,000        —          —       
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

         $ 316,250,000      $ 34,502.88  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(a) under the Securities Act of 1933, as amended (the “Securities Act”).

 

(2)

Includes 4,125,000 units, consisting of 4,125,000 Class A ordinary shares and 825,000 warrants, which may be issued upon exercise of a 45-day option granted to the underwriters to cover over-allotments, if any.

 

(3)

Pursuant to Rule 416 under the Securities Act, there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from share sub-divisions, share dividends or similar transactions.

 

(4)

Maximum number of Class A ordinary shares and redeemable warrants, as applicable, included in the units described above, including those that may be issued upon exercise of a 45-day option granted to the underwriters described above.

 

(5)

No fee pursuant to Rule 457(g) under the Securities Act.

(6)

Previously paid.

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 


EXPLANATORY NOTE

This Amendment No. 1 (the “Amendment No. 1”) to the Registration Statement on Form S-1 (File No. 333-253637) of RMG Acquisition Corp. IV (the “Registration Statement”) is being filed as an exhibits-only filing. Accordingly, this Amendment No. 1 consists only of the facing page, this explanatory note, Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibits. The remainder of the Registration Statement is unchanged and has therefore been omitted.


PART II

INFORMATION NOT REQUIRED IN PROSPECTUS

Item 13. Other Expenses of Issuance and Distribution.

The estimated expenses payable by us in connection with the offering described in this registration statement (other than the underwriting discount and commissions) will be as follows:

 

Legal fees and expenses

   $ 247,500  

Accounting fees and expenses

     42,000  

Printing and engraving expenses

     40,000  

SEC expenses

     34,503  

FINRA expenses

     47,938  

Travel and road show

     10,000  

Officers and directors insurance premiums

     800,000  

Nasdaq listing and filing fees

     75,000  

Miscellaneous expenses

     11,046  
  

 

 

 

Total offering expenses

   $ 1,307,987  
  

 

 

 

Item 14. Indemnification of Officers and directors.

Cayman Islands law does not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against willful default, willful neglect, civil fraud or the consequences of committing a crime. Our amended and restated memorandum and articles of association provide for indemnification of our officers and directors to the maximum extent permitted by law, including for any liability incurred in their capacities as such, except through their own actual fraud, willful default or willful neglect.

We will enter into agreements with our officers and directors to provide contractual indemnification in addition to the indemnification provided for in our amended and restated memorandum and articles of association. We may purchase a policy of directors’ and officers’ liability insurance that insures our officers and directors against the cost of defense, settlement or payment of a judgment in some circumstances and insures us against our obligations to indemnify our officers and directors.

We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced officers and directors.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us pursuant to the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

Item 15. Recent Sales of Unregistered Securities.

In February 2021, RMG Sponsor IV, LLC, our sponsor, subscribed for an aggregate of 7,906,250 founder shares, for an aggregate offering price of $25,000 at an average purchase price of approximately $0.003 per share. The number of founder shares issued was determined based on the expectation that the founder shares would represent 20% of the issued and outstanding ordinary shares upon completion of this offering. Such securities were issued in connection with our incorporation pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D.

In addition, our sponsor has committed to purchase an aggregate of 3,974,167 warrants (or 4,386,667 warrants if the over-allotment option is exercised in full) at a price of $1.50 per whole warrant ($5,961,250 in the

 

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aggregate, or $6,580,000 if the over-allotment option is exercised in full), that will also be worthless if we do not complete a business combination. Each private placement warrant may be exercised for one Class A ordinary share at a price of $11.50 per share, subject to adjustment as provided herein. These purchases will take place on a private placement basis simultaneously with the completion of this offering. These issuances will be made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act. Our sponsor is an accredited investor for purposes of Rule 501 of Regulation D under the Securities Act. No underwriting discounts or commissions were paid with respect to such sales.

No underwriting discounts or commissions were paid with respect to such sales.

Item 16. Exhibits and Financial Statement Schedules.

 

(a)

Exhibits. The following exhibits are being filed herewith:

 

Exhibit

  

Description

  1.1*    Form of Underwriting Agreement
  3.1**    Memorandum and Articles of Association
  3.2*    Form of Amended and Restated Memorandum and Articles of Association
  4.1*    Specimen Unit Certificate
  4.2*    Specimen Class A Ordinary Share Certificate
  4.3*    Specimen Warrant Certificate (included in Exhibit 4.4)
  4.4*    Form of Warrant Agreement between Continental Stock Transfer & Trust Company and the Registrant
  5.1*    Opinion of Maples and Calder
  5.2*    Opinion of Latham & Watkins LLP
10.1**    Promissory Note, dated February 17, 2021, issued to RMG Sponsor IV, LLC
10.2*    Form of Letter Agreement among the Registrant and its officers and directors and RMG Sponsor IV, LLC
10.3*    Form of Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and the Registrant
10.4*    Form of Registration Rights Agreement between the Registrant and certain security holders
10.5**    Securities Subscription Agreement, dated February 17, 2021, between the Registrant and RMG Sponsor IV, LLC
10.6*    Form of Sponsor Warrants Purchase Agreement between the Registrant and RMG Sponsor IV, LLC
10.7*    Form of Indemnity Agreement
10.8*    Form of Administrative Services Agreement, by and between the Registrant and an affiliate of the Registrant
23.1**    Consent of Grant Thornton LLP
23.2*    Consent of Maples and Calder (included in Exhibit 5.1)
23.3*    Consent of Latham & Watkins LLP (included in Exhibit 5.2)
24.1**    Power of Attorney (included on the signature page to this Registration Statement)
99.1**    Consent of Catherine D. Rice
99.2**    Consent of W. Thaddeus Miller
99.3**    Consent of W. Grant Gregory

 

*

Filed herewith.

**

Previously filed.

 

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(b)

Financial Statements. See page F-1 for an index to the financial statements and schedules included in the registration statement.

Item 17. Undertakings.

 

  (a)

The undersigned registrant hereby undertakes to provide to the underwriter at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriter to permit prompt delivery to each purchaser.

 

  (b)

Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

 

  (c)

The undersigned registrant hereby undertakes that:

 

  (1)

For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

 

  (2)

For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

 

  (3)

For the purpose of determining liability under the Securities Act of 1933 to any purchaser, if the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 

  (4)

For the purpose of determining liability of a registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of an undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following

 

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  communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 

  (i)

Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

 

  (ii)

Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by an undersigned registrant;

 

  (iii)

The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and

 

  (iv)

Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

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SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on the 12th day of March, 2021.

 

RMG ACQUISITION CORP. IV
By:     

/s/ Robert S. Mancini

  Name: Robert S. Mancini
  Title: Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

  *

  D. James Carpenter

   Executive Chairman and Director   March 12, 2021

  /s/ Robert S. Mancini

  Robert S. Mancini

   Chief Executive Officer (Principal Executive Officer)   March 12, 2021

  *

  Philip Kassin

   President, Chief Operating Officer   March 12, 2021

  *

  Wesley Sima

   Chief Financial Officer (Principal Financial and Accounting Officer)   March 12, 2021

 

By:

Name:

 

  /s/ Robert S. Mancini

  Robert S. Mancini

Title:  

  Attorney-in-fact

 

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