Statement of Ownership (sc 13g)
19 Januar 2022 - 12:15PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No.)*
Under the Securities Exchange Act of 1934
Provident Acquisition
Corp.
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per
share
(Title of Class of Securities)
G7282L118**
(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.
** There is no CUSIP number assigned to the Class B ordinary shares.
CUSIP number G7282L118 has been assigned to the Class A ordinary shares of the Issuer, which are quoted on NASDAQ Stock Market under the
symbol “PAQC.”
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. G7282L118
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Schedule 13G
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1
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NAME OF REPORTING PERSON
Provident Acquisition Holdings Ltd.
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b) ☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH:
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5
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SOLE VOTING POWER
5,327,500(1)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
5,327,500(1)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,327,500 (1)
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.53% (1)
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12
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TYPE OF REPORTING PERSON
CO
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(1) See Item 4 below. The Reporting Person owns 5,327,500 Class B Ordinary
Shares of the Issuer, which will be automatically convertible into the Issuer’s Class A Ordinary Shares upon the closing of business
combination as more fully described under the heading “Description of Securities – Founders Shares” in the Issuer’s
prospectus filed pursuant to Rule 424(b)(4)(File No. 333-251571).
Item 1(a). Name of Issuer:
Provident Acquisition Corp. (the “Issuer”)
Item 1(b). Address of Issuer’s Principal Executive Offices:
Unit 11C/D, Kimley
Commercial Building, 142 – 146 Queen’s Road Central, Hong Kong
Item 2(a). Name of Person Filing:
Provident Acquisition Holdings Ltd. (the “Reporting
Person”)
Item 2(b). Address of Principal Business Office or, if none, Residence:
Unit 11C/D, Kimley Commercial Building,
142 – 146 Queen’s Road Central, Hong Kong
Item 2(c). Citizenship:
Cayman Islands
Item 2(d). Titles of Classes of Securities:
Class B Ordinary Shares, par value
$0.0001 per share.
Item 2(e). CUSIP Number:
There is no CUSIP number assigned
to the Class B ordinary shares. CUSIP number G7282L118 has been assigned to the Class A ordinary shares of the Issuer, which are quoted
on NASDAQ Stock Market under the symbol “PAQC.”
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):
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(a)
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☐
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Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).
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(b)
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☐
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Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c)
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(c)
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☐
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Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).
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(d)
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☐
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Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
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(e)
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☐
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Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
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(f)
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☐
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Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).
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(g)
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☐
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Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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(h)
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☐
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Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).
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(i)
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☐
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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).
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(j)
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☐
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Non-U.S. institution, in accordance with § 240.13d-1(b)(1)(ii)(J).
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(k)
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☐
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Group in accordance with §240.13d-1(b)(1)(ii)(K).
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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
The responses to Items 5-11 of the cover pages
of this Schedule 13G are incorporated herein by reference.
As of December 31, 2021, the Reporting Person
may be deemed to beneficially own 5,327,500 shares of the Issuer’s Class B Ordinary Shares, representing 18.53% of the total Class
A and Class B Ordinary Shares issued and outstanding. The Class B Ordinary Shares are automatically convertible into the Issuer’s
Class A Ordinary Shares at the time of the Issuer’s initial business combination on a one-for-one basis, subject to adjustment,
as more fully described under the heading “Description of Securities – Founders Shares” in the Issuer’s prospectus
filed pursuant to Rule 424(b)(4)(File No. 333-251571).
Provident Acquisition Holdings Ltd., a Cayman
Islands exempted company, is the record holder of the shares reported herein. There are three directors of the Reporting Person. Each
director has one vote, and the approval of two of the three directors of the board of directors is required to approve an action of our
sponsor. 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. This is the situation with regard to the Reporting
Person. Based upon the foregoing analysis, no individual director of our sponsor exercises voting or dispositive control over any of the
securities held by the Reporting Person, even those in which he directly holds a pecuniary interest. Accordingly, none of them will be
deemed to have or share beneficial ownership of such shares
Item 5. Ownership of Five Percent or Less of a Class.
Not Applicable.
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.
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.
Dated: January 19, 2022
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Provident Acquisition Holdings Ltd.
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/s/ Michael Aw
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Name: Michael Aw
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Title: Director
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