SCHEDULE 13G: Kline Hill Partners and Affiliates Report 9.3% Beneficial Stake in Complete Solaria, Inc.

Kline Hill Partners, along with its various funds and managing members Michael Bego and Jared Barlow, have reported a combined beneficial ownership of 9.3% in Complete Solaria, Inc., totaling 7,299,695 shares.

Summary

• KHP Fund GP LLC, Kline Hill Partners Fund LP, KHP Fund GP IV LLC, Kline Hill Partners Fund IV LP, Kline Hill Partners IV SPV LLC, Kline Hill Partners Opportunity Fund IV LP, Kline Hill Partners Opportunity IV SPV LLC, and individuals Michael Bego and Jared Barlow, collectively reported beneficial ownership in Complete Solaria, Inc.
• Michael Bego and Jared Barlow, as managing members of the general partners, are deemed to share voting, investment, and dispositive power over the aggregate holdings.
• The total aggregate amount beneficially owned by Michael Bego and Jared Barlow is 7,299,695 shares of Common Stock, representing 9.3% of the class.
• This aggregate includes 2,383,534 shares of Common Stock directly held, 4,745,675 shares issuable upon conversion of outstanding convertible promissory notes (July 2024 Notes), and 170,486 shares issuable upon the exercise of warrants.
• The percentage ownership is calculated based on a total of 78,683,429 shares, which includes 73,767,268 shares outstanding as of November 15, 2024 (as reported in the Issuer's Form 10-Q), plus the shares issuable from convertible notes and warrants held by the reporting entities.
• The reporting persons disclaim status as a 'group' for Schedule 13G purposes and disclaim beneficial ownership of securities beyond their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not convey positive or negative sentiment regarding the company's performance or outlook. It is neutral.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategy.

Industry Context

This filing indicates a significant passive investment by Kline Hill Partners, a private equity firm, in Complete Solaria, Inc. Such filings are standard disclosures when an entity's beneficial ownership crosses a 5% threshold, providing transparency to the market regarding major shareholders. It does not inherently suggest a change in the company's operational strategy or industry position, but rather a notable investment position by a financial entity.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership. The presence of a large investor like Kline Hill Partners could be viewed positively by some, indicating confidence, or neutrally as a passive investment.

Key Dates

Keywords

Beneficial Ownership, Schedule 13G, Complete Solaria Inc., Common Stock, Convertible Notes, Warrants, SEC Filing, Institutional Investor, Kline Hill Partners, Michael Bego, Jared Barlow