Statement of Ownership (sc 13g)
February 14 2022 - 3:55PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
McLaren Technology
Acquisition Corp.
(Name of Issuer)
Class A common stock, par value $0.0001 per
share
(Title of Class of Securities)
58176U109
(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:
* 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. 58176U109
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1.
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Names of Reporting Persons
McLaren Technology Acquisition Sponsor LLC
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
(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
Delaware
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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
5,031,250 (1)(2)
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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
5,031,250 (1)(2)
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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
5,031,250 (1)(2)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
See footnote (2) below.
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11.
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Percent of Class Represented by Amount in Row (9)
20%(1)(2)(3)
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12.
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Type of Reporting Person (See Instructions)
OO
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CUSIP 58176U109
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1.
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Names of Reporting Persons
McLaren Strategic Ventures Holdings, Inc.
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
(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
Delaware
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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
0
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6.
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Shared Voting Power
5,031,250 (1)(2)
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7.
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Sole Dispositive Power
0
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8.
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Shared Dispositive Power
5,031,250 (1)(2)
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,031,250 (1)(2)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
See footnote (2) below.
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11.
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Percent of Class Represented by Amount in Row (9)
20%(1)(2)(3)
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12.
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Type of Reporting Person (See Instructions)
HC
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CUSIP 58176U109
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1.
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Names of Reporting Persons
Sajan Pillai
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2.
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Check the Appropriate Box if a Member of a Group (See Instructions)
(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
United States
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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
0
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6.
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Shared Voting Power
5,031,250 (1)(2)
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7.
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Sole Dispositive Power
0
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8.
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Shared Dispositive Power
5,031,250 (1)(2)
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
5,031,250 (1)(2)
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10.
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares
See footnote (2) below.
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11.
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Percent of Class Represented by Amount in Row (9)
20%(1)(2)(3)
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12.
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Type of Reporting Person (See Instructions)
IN
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(1)
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See Item 4. These are the Issuer’s shares of Class B common
stock, which will automatically convert into the Issuer’s shares of Class A common stock at the time of the Issuer’s initial
business combination and as more fully described under the heading “Description of Securities-Founder Shares” in the Issuer’s
registration statement on Form S-1 (File No. 333-259339). Sajan Pillai is the controlling shareholder of McLaren Strategic Ventures Holdings,
Inc., the managing member of McLaren Technology Acquisition Sponsor LLC. Consequently, each of them may be deemed the beneficial owner
of the shares held by McLaren Technology Acquisition Sponsor LLC and share voting and dispositive control over such securities.
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(2)
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Excludes 9,050,000 shares which may be purchased by exercising
warrants that are not presently exercisable.
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(3)
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Based on 20,125,000 shares of Class A common stock and 5,031,250
shares of Class B common stock issued and outstanding as of December 17, 2021 as reported in the Issuer’s Quarterly Report on Form
10-Q filed with the Securities and Exchange Commission on December 17, 2021.
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Item 1(a).
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Name of Issuer
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McLaren Technology Acquisition Corp. (the “Issuer”)
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Item 1(b).
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Address of the Issuer’s Principal Executive Offices
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2600 Michelson Drive
Suite 1700
Irvine, CA 92612
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Item 2(a).
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Names of Persons Filing
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McLaren Technology Acquisition Sponsor LLC, McLaren Strategic
Ventures Holdings, Inc. and Sajan Pillai (collectively, the “Reporting Persons”)
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Item 2(b).
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Address of the Principal Business Office, or if none, Residence:
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c/o McLaren Technology Acquisition Corp.
2600 Michelson Drive
Suite 1700
Irvine, CA 92612
McLaren Technology Acquisition Sponsor LLC is a limited
liability company formed in Delaware. McLaren Strategic Ventures Holdings, Inc. is a corporation formed in Delaware. Sajan Pillai is a
citizen of the United States of America.
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Item 2(d).
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Title of Class of Securities
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Class A common stock, $0.0001 par value per share.
The shares of Class A common stock are the class of common
stock of the Issuer registered pursuant to the Act. The Reporting Persons own shares of Class B common stock. The shares of Class B common
stock will automatically convert into shares of Class A common stock at the time of the Issuer’s initial business combination (the
“Business Combination”) on a one-for-one basis, subject to certain adjustments. In the case that additional shares of Class
A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the Issuer’s initial
public offering (the “IPO”) and related to the closing of the Business Combination, the ratio at which shares of Class B common
stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of
Class B common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares
of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted
basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the IPO plus all shares of
Class A common stock and equity-linked securities issued or deemed issued in connection with the Business Combination (excluding any shares
or equity-linked securities issued, or to be issued, to any seller in the Business Combination, any private placement-equivalent warrants
issued to McLaren Technology Acquisition Sponsor LLC or its affiliates upon conversion of loans made to the Issuer).
58176U109
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Item 3.
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If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
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(a) Broker or Dealer registered under Section 15 of the Exchange Act.
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(b) Bank as defined in Section 3(a)(b) or the Exchange Act.
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(c) Insurance company as defined in Section 3(a)(19) of the Exchange Act.
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(d) Investment company registered under Section 8 of the Investment Company Act.
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(e) An Investment adviser in accordance with Rule 13d-1 (b)(1)(ii)(e).
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(f) An employee benefit plan or endowment fund in accordance with Rule 13d 1(b)(1)(ii)(f).
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(g) A Parent Holding Company or control person in accordance with Rule 13d 1(b)(1)(ii)(g).
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(h) A Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act.
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(i) A Church Plan that is excluded from the definition of an investment company under Section 3 (c)(14) of the Investment Company Act.
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(j) Group, in accordance with Rule 13d-1 (b)(1)(ii)(j).
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Not applicable
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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 Persons may
be deemed to beneficially own 5,031,250 of the Issuer’s shares of Class B common stock, representing 20% of the total shares
of Class A common stock issued and outstanding (assuming the conversion of all the shares of Class B common stock of the Reporting
Persons). The shares of Class B common stock are automatically convertible into the Issuer’s shares of Class A common
stock at the time of the Business Combination on a one-for-one basis, subject to adjustment, as more fully described under the heading
“Description of Securities-Founder Shares” in the Issuer’s registration statement on Form S-1 (File No. 333-259339).
The percentage of the shares of common stock held by the
Reporting Persons is based on 20,125,000 shares of Class A common stock and 5,031,250 shares of Class B common stock issued and outstanding
as of December 17, 2021 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission
on December 17, 2021.
McLaren Technology Acquisition Sponsor LLC is the record
holder of the shares reported herein. Sajan Pillai is the controlling shareholder of McLaren Strategic Ventures Holdings, Inc., the managing
member of McLaren Technology Acquisition Sponsor LLC. Consequently, each of them may be deemed the beneficial owner of the shares held
by McLaren Technology Acquisition Sponsor LLC and share voting and dispositive control over such securities.
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Item 5.
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Ownership of Five Percent or Less of a Class
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Not Applicable
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person
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Not Applicable
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the
Parent Holding Company or Control Person
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Not Applicable
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Item 8.
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Identification and Classification of Members of the Group
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Not Applicable
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Item 9.
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Notice of Dissolution of Group
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Not Applicable
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.
DATE: February 14, 2022
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MCLAREN TECHNOLOGY ACQUISITION SPONSOR LLC,
a Delaware limited liability company
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By:
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MCLAREN STRATEGIC VENTURES HOLDINGS, INC.,
a Delaware corporation, as the managing member of McLaren Technology
Acquisition Sponsor LLC
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By:
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/s/ Sajan Pillai
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Name:
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Sajan Pillai
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Title:
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Authorized Signatory
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MCLAREN STRATEGIC VENTURES HOLDINGS, INC.,
a Delaware corporation
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By:
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/s/ Sajan Pillai
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Name:
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Sajan Pillai
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Title:
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Controlling Shareholder
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/s/ Sajan Pillai
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/s/ Sajan Pillai
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Attention: Intentional misstatements or
omissions of fact constitute Federal criminal violations
(See 18 U.S.C. 1001)
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)
under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement
on Schedule 13G (including any and all amendments thereto) with respect to the shares of Class A common stock, $0.0001 par value per share,
of McLaren Technology Acquisition Corp., and further agree that this Joint Filing Agreement shall be included as an exhibit to such joint
filings.
The undersigned further agree
that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the
accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible
for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that
such information is inaccurate.
This Joint Filing Agreement
may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.
IN WITNESS WHEREOF, the undersigned
have executed this Agreement as of February 14, 2022.
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MCLAREN TECHNOLOGY ACQUISITION SPONSOR LLC,
a Delaware limited liability company
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By:
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MCLAREN STRATEGIC VENTURES HOLDINGS, INC.,
a Delaware corporation, as the managing member of McLaren Technology
Acquisition Sponsor LLC
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By:
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/s/ Sajan Pillai
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Name:
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Sajan Pillai
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Title:
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Authorized Signatory
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MCLAREN STRATEGIC VENTURES HOLDINGS, INC.,
a Delaware corporation
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By:
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/s/ Sajan Pillai
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Name:
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Sajan Pillai
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Title:
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Controlling Shareholder
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/s/ Sajan Pillai
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/s/ Sajan Pillai
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9
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