Units, each consisting of one Class AOrdinary Share, $0.0001 par value, andone-fifth of one redeemable warrant Redeemable warrants included as partof the units, each whole warrantexercisable for one Class A OrdinaryShare at an exercise price of $11.50 false 0001828478 0001828478 2022-08-18 2022-08-18 0001828478 svfa:UnitsEachConsistingOfOneClassAOrdinaryShare0.0001ParValueAndoneFifthOfOneRedeemableWarrantMember 2022-08-18 2022-08-18 0001828478 svfa:Class160A160Ordinary160Shares160included160asbrpart160of160the160unitsMember 2022-08-18 2022-08-18 0001828478 svfa:RedeemableWarrantsIncludedAsPartofTheUnitsEachWholeWarrantexercisableForOneClassAOrdinaryShareAtAnExercisePriceOf11.50Member 2022-08-18 2022-08-18

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 18, 2022

 

 

SVF INVESTMENT CORP.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-39862   98-1561624

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(I.R.S. Employer

Identification Number)

 

1 Circle Star Way

San Carlos, California

   94070
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (650) 562-8100

N/A

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

  

Trading

Symbol

  

Name of Each Exchange

on Which Registered

Units, each consisting of one Class A
Ordinary Share, $0.0001 par value, and
one-fifth of one redeemable warrant 		  SVFAU   Nasdaq Capital Market
Class A Ordinary Shares included as
part of the units		   SVFA   Nasdaq Capital Market
Redeemable warrants included as part
of the units, each whole warrant
exercisable for one Class A Ordinary
Share at an exercise price of $11.50 		  SVFAW   Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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 13(a) of the Exchange Act.  ☐

 

 

 

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 18, 2022, Rajeev Misra voluntarily resigned as Chief Executive Officer, Chairman and member of the Board of Directors (the “Board”) of SVF Investment Corp. (the “Company”), effective immediately. The resignation of Mr. Misra was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices. In addition, on August 18, 2022, the Board decreased its size from five to four directors in response to the resignation of Mr. Misra.

Also, on August 18, 2022, the Board appointed Navneet Govil to serve as Chief Executive Officer of the Company. Mr. Govil has served as a member of the Board and the Chief Financial Officer of the Company since the Company’s initial public offering on January 7, 2021. There are no arrangements or understandings between Mr. Govil and any other persons pursuant to which Mr. Govil was appointed as Chief Executive Officer of the Company. Mr. Govil previously executed the Company’s standard form of indemnity agreement for directors and officers and a joinder to the letter agreement, dated January 7, 2021, by and among the Company, SVF Sponsor LLC (the “Sponsor”) and each of the Company’s officers and directors. In addition, Mr. Govil controls the Sponsor, which is party to the following agreements:

 

  •  

Private Placement Warrants Purchase Agreement, dated January 7, 2021, between the Company and the Sponsor;

 

  •  

Registration and Shareholder Rights Agreement, dated January 7, 2021, by and among the Company and the Sponsor; and

 

  •  

Administrative Services Agreement, dated January 7, 2021, between the Company and the Sponsor.

A description of each of the foregoing agreements can be found in the Company’s Current Report on Form 8-K, filed on January 13, 2021.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

SVF INVESTMENT CORP.
By:  

/s/ Navneet Govil

Name:   Navneet Govil
Title:   Chief Executive Officer and Chief Financial Officer

Date: August 22, 2022

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