Securities and Exchange Commission
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
Information to be Included in Statements Filed Pursuant
to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed
Pursuant to § 240.13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Symbotic Inc.
(Name of Issuer)
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
87151X101
(CUSIP Number)
December 31, 2022
(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 for 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 the 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 (“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. 87151X101 | Schedule 13G | Page 1 of 7 |
| 1 |
Names of Reporting Persons
SVF Sponsor III (DE) LLC | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
9,090,000 | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
9,090,000 | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
9,090,000 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
15.1% | |||||
| 12 | Type of Reporting Person
OO (Limited Liability Company) | |||||
| CUSIP No. 87151X101 | Schedule 13G | Page 2 of 7 |
| 1 |
Names of Reporting Persons
SB Investment Advisers (US) Inc. | |||||
| 2 | Check the Appropriate Box if a Member of a Group (a) ☐ (b) ☐
| |||||
| 3 | SEC Use Only
| |||||
| 4 | Citizenship or Place of Organization
Delaware | |||||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole Voting Power
0 | ||||
| 6 | Shared Voting Power
0 | |||||
| 7 | Sole Dispositive Power
0 | |||||
| 8 | Shared Dispositive Power
0 | |||||
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
0 | |||||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares
Not Applicable | |||||
| 11 | Percent of Class Represented by Amount in Row 9
0.0% | |||||
| 12 | Type of Reporting Person
CO | |||||
| CUSIP No. 87151X101 | Schedule 13G | Page 3 of 7 |
| ITEM 1. | (a) Name of Issuer: |
Symbotic Inc. (the “Issuer”).
| (b) | Address of Issuer’s Principal Executive Offices: |
200 Research Drive, Wilmington, MA 01887
| ITEM 2. | (a) Name of Person Filing: |
Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:
SVF Sponsor III (DE) LLC (“SVF Sponsor”)
SB Investment Advisers (US) Inc. (“SBIA (US)”)
| (b) | Address or Principal Business Office: |
The principal business address of each of the Reporting Persons is 251 Little Falls Drive, Wilmington, Delaware 19808.
| (c) | Citizenship of each Reporting Person is: |
Each of the Reporting Persons is organized under the laws of the State of Delaware.
| (d) | Title of Class of Securities: |
Class A common stock, par value $0.0001 per share (“Class A Common Stock”).
| (e) | CUSIP Number: |
87151X101
| ITEM 3. |
|
Not applicable.
| CUSIP No. 87151X101 | Schedule 13G | Page 4 of 7 |
| ITEM 4. | Ownership. |
(a-c)
The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2022, based upon 60,197,285 shares of Class A Common Stock outstanding as of February 1, 2023, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 3, 2023.
| Reporting Person | Amount beneficially owned |
Percent of |
Sole power to vote or to direct the vote: |
Shared power to vote or to direct the vote: |
Sole power to of: |
Shared power to dispose or to direct the disposition of: |
||||||||||||||||||
| SVF Sponsor III (DE) LLC |
9,090,000 | 15.1 | % | 9,090,000 | 0 | 9,090,000 | 0 | |||||||||||||||||
| SB Investment Advisers (US) Inc. |
0 | 0.0 | % | 0 | 0 | 0 | 0 | |||||||||||||||||
SVF Sponsor is the record holder of the securities reported herein.
| 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: ☒
As of December 31, 2022, SBIA (US) ceased to be the beneficial owner of any securities of the Issuer.
| 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.
| CUSIP No. 87151X101 | Schedule 13G | Page 5 of 7 |
| ITEM 10. | Certification. |
Not applicable.
| CUSIP No. 87151X101 | Schedule 13G | Page 6 of 7 |
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 13, 2023
| SVF Sponsor III (DE) LLC | ||
| By: | /s/ Jonathan Duckles | |
| Name: | Jonathan Duckles | |
| Title: | Director | |
| SB Investment Advisers (US) Inc. | ||
| By: | /s/ Amanda Sanchez-Barry | |
| Name: | Amanda Sanchez-Barry | |
| Title: | Director | |
| CUSIP No. 87151X101 | Schedule 13G | Page 7 of 7 |
LIST OF EXHIBITS
| Exhibit No. |
Description | |
| 99 | Joint Filing Agreement (previously filed). | |