UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 
Waverley Capital Acquisition Corp. 1
(Name of Issuer)
 
Class A Ordinary Shares, par value $0.0001
(Title of Class of Securities)
 
G06536109
(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 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 disclosures provided in a prior cover page.

The information required on 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. G06536109 SCHEDULE 13G Page 2 of 8

 

 

1

NAME OF REPORTING PERSON

 

WCAC1 Sponsor 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

 

5,371,760

6

SHARED VOTING POWER

 

0

7

SOLE DISPOSITIVE POWER

 

5,371,760

8

SHARED DISPOSITIVE POWER

 

0

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,371,760

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

20.0%

 
12

TYPE OF REPORTING PERSON

 

OO

 

 

 

     

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 3 of 8

 

 

1

NAME OF REPORTING PERSON

 

Edgar Bronfman, Jr.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) 

(b) 

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

5,371,760

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

5,371,760

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,371,760

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

20.0%

 
12

TYPE OF REPORTING PERSON

 

IN

 

 

 

     

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 4 of 8

 

 

1

NAME OF REPORTING PERSON

 

Daniel Leff

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) 

(b) 

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

0

6

SHARED VOTING POWER

 

5,371,760

7

SOLE DISPOSITIVE POWER

 

0

8

SHARED DISPOSITIVE POWER

 

5,371,760

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

5,371,760

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

20.0%

 
12

TYPE OF REPORTING PERSON

 

IN

 

 

 

     

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 5 of 8

 

 

ITEM 1. (a) Name of Issuer:
     
  Waverley Capital Acquisition Corp. 1
     
  (b) Address of Issuer’s Principal Executive Offices:
     
 

1330 Avenue of the Americas

New York, NY 10019

   
ITEM 2. (a) Name of Person Filing:
     
  This statement is being filed on behalf of each of the following persons (each, a “Reporting Person” and, collectively, the “Reporting Persons”):
     
      1. WCAC1 Sponsor LLC
      2. Edgar Bronfman, Jr.
      3. Daniel Leff
     
  (b) Address of Principal Business Office, or if none, Residence:
     
 

c/o Waverley Capital Acquisition Corp. 1

1330 Avenue of the Americas

New York, NY 10019

     
  (c) Citizenship:
     
  See row 4 of the cover page of each Reporting Person.
     
  (d) Title of Class of Securities:
     
  Class A Ordinary Shares, par value $0.0001 per share.
     
  (e) CUSIP Number:
     
  G06536109
     
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO §240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:
     
  Not Applicable.
   
ITEM 4.

OWNERSHIP.


WCAC1 Sponsor LLC (the “Sponsor”) directly owns 5,371,760 Class B ordinary shares, par value $0.0001 per share (“Class B Ordinary Shares”), of Waverley Capital Acquisition Corp. 1 (the “Issuer”, which are convertible into the Issuer’s Class A ordinary shares, par value $0.0001 per share (“Class A Ordinary Shares”).  Such shares may be deemed to be beneficially owned by Edgar Bronfman, Jr. and Daniel Leff, who are the managers of the Sponsor.  As a result of these relationships, each of the Sponsor, Mr. Bronfman, and Mr. Leff may be deemed to have or share beneficial ownership of the securities held directly by the Sponsor. Each of the Sponsor, Mr. Bronfman, and Mr. Leff disclaims beneficial ownership of such securities except to the extent of their direct ownership.

 

In addition to the securities reported on the cover pages hereto, the Sponsor also directly owns 4,864,939 private placement warrants to purchase 4,864,939 shares of Class A Ordinary Shares. The warrants become exercisable beginning on the later of August 19, 2022 or 30 days after the completion of the Issuer’s initial business combination and expire five years after the completion of the Issuer’s initial business combination or earlier upon redemption or liquidation. 

 

 

     

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 6 of 8

 

 

  Percentage ownership is based on 21,487,039 shares of Class A Ordinary Shares outstanding as of November 15, 2021, as reported by the Issuer in its quarterly report on Form 10-Q for the period ended September 30, 2021, and 5,371,760 shares of Class B Ordinary Shares directly owned by the Sponsor, and assumes conversion of all Class B Ordinary Shares into Class A Ordinary Shares.
   
  (a) Amount beneficially owned:
     
    See row 9 of the cover page of each Reporting Person.
     
  (b) Percent of class:
     
    See row 11 of the cover page of each Reporting Person.
     
  (c) Number of shares as to which such person has:
     
    (i) Sole power to vote or to direct the vote:
       
      See row 5 of the cover page of each Reporting Person.
       
    (ii) Shared power to vote or to direct the vote:
       
      See row 6 of the cover page of each Reporting Person.
       
    (iii) Sole power to dispose or to direct the disposition of:
       
      See row 7 of the cover page of each Reporting Person.
       
    (iv) Shared power to dispose or to direct the disposition of:
       
      See row 8 of the cover page of each Reporting Person.
 
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 ¨.
   
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.

 

 

     

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 7 of 8

 

 

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: February 9, 2022

 

  WCAC1 Sponsor LLC  
  a Delaware limited liability company  
         
  By: /s/ Edgar Bronfman, Jr.  
    Name: Edgar Bronfman, Jr.  
    Title: Manager  
         
  Edgar Bronfman, Jr.  
         
  By: /s/ Edgar Bronfman, Jr.  
    Name: Edgar Bronfman, Jr.  
         
  Daniel Leff  
         
  By: /s/ Daniel Leff  
    Name: Daniel Leff  
       

 

 

   

 

 

CUSIP No. G06536109 SCHEDULE 13G Page 8 of 8

 

 

Exhibit Index

 

Exhibit No.   Description
Exhibit 1   Joint Filing Agreement, dated as of February 9, 2022, by and among WCAC1 Sponsor LLC, Edgar Bronfman, Jr. and Daniel Leff.

 

 

   

 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

DATE: February 9, 2022

 

  WCAC1 Sponsor LLC  
  a Delaware limited liability company  
         
  By: /s/ Edgar Bronfman, Jr.  
    Name: Edgar Bronfman, Jr.  
    Title: Manager  
         
  Edgar Bronfman, Jr.  
         
  By: /s/ Edgar Bronfman, Jr.  
    Name: Edgar Bronfman, Jr.  
         
  Daniel Leff  
         
  By: /s/ Daniel Leff  
    Name: Daniel Leff  
       

 

 

 

   

 

 

Waverley Capital Acquisi... (NYSE:WAVC)
Historical Stock Chart
Von Mai 2022 bis Jun 2022 Click Here for more Waverley Capital Acquisi... Charts.
Waverley Capital Acquisi... (NYSE:WAVC)
Historical Stock Chart
Von Jun 2021 bis Jun 2022 Click Here for more Waverley Capital Acquisi... Charts.