Filing Details

Accession Number:
0000950142-20-000450
Form Type:
13G Filing
Publication Date:
2020-02-13 16:36:55
Filed By:
Trine Sponsor Ih, Llc
Company:
Desktop Metal Inc.
Filing Date:
2020-02-13
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Trine Sponsor IH 0 7,403,750 0 7,403,750 7,403,750 19.7%
Robin Trine Holdings 0 7,403,750 0 7,403,750 7,403,750 19.7%
HPS Investment Partners 0 7,403,750 0 7,403,750 7,403,750 19.7%
Leo Hindery, Jr 0 7,403,750 0 7,403,750 7,403,750 19.7%
Filing



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. ___)*



TRINE ACQUISITION CORP.
(Name of Issuer)
 
Class A Common Stock, par value $0.0001 per share
(Title of Class of Securities)
 
89628U108
(CUSIP Number)
 
December 31, 2019
(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. 89628U108
SCHEDULE 13G
Page 2 of 9
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Trine Sponsor IH, 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
 
0
6
SHARED VOTING POWER
 
7,403,750
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
7,403,750
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,403,750
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
19.7%
 
12
TYPE OF REPORTING PERSON

 OO
 

CUSIP No. 89628U108
SCHEDULE 13G
Page 3 of 9
 
 
1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Robin Trine Holdings, 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
 
0
6
SHARED VOTING POWER
 
7,403,750
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
7,403,750
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,403,750
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
19.7%
 
12
TYPE OF REPORTING PERSON

 OO
 

CUSIP No. 89628U108
SCHEDULE 13G
Page 4 of 9
 

1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
HPS Investment Partners, 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
 
0
6
SHARED VOTING POWER
 
7,403,750
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
7,403,750
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,403,750
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
19.7%
 
12
TYPE OF REPORTING PERSON

 OO
 

CUSIP No. 89628U108
SCHEDULE 13G
Page 5 of 9
 

1
NAME OF REPORTING PERSON OR
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
 
Leo Hindery, Jr.
 
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
 
0
6
SHARED VOTING POWER
 
7,403,750
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
7,403,750
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,403,750
 
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
19.7%
 
12
TYPE OF REPORTING PERSON

 OO
 


CUSIP No. 89628U108
SCHEDULE 13G
Page 6 of 9
 

ITEM 1.
(a)
Name of Issuer:
   
 
Trine Acquisition Corp.
 
 
(b)
Address of Issuer’s Principal Executive Offices:
   
 
405 Lexington Avenue, 48th Floor
New York, New York 10174
 
   
ITEM 2.
(a)
Name of Person Filing:
   
 
This statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
 
1.          Trine Sponsor IH, LLC (“Trine Sponsor”)
2.          Robin Trine Holdings, LLC (“RTH”)
3.          HPS Investment Partners, LLC (“HPS”)
4.          Leo Hindery, Jr. (“Mr. Hindery”)
 
 
(b)
Address of Principal Business Office, or if none, Residence:
 
The principal business address of Trine Sponsor, Mr. Hindery and RTH is as follows:
 
405 Lexington Avenue, 48th Floor
New York, New York 10174
 
The principal business address of HPS is as follows:
 
40 West 57th Street, 33rd Floor
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 Common Stock, par value $0.0001 per share
     
 
(e)
CUSIP Number:
 
89628U108
     
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:
     
 
(a)
[__]  Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o)
 
(b)
[__]  Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c)
 
(c)
[__]  Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c)
 
(d)
[__]  Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8)
 
(e)
[__]  An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E)
 
(f)
[__]  An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
(g)
[__]  A Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
(h)
[__]  A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813)

CUSIP No. 89628U108
SCHEDULE 13G
Page 7 of 9
 

 
(i)
[__]  A 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)
 
(j)
[__]  A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
(k)
[__]  Group, in accordance with §240.13d-1(b)(1)(ii)(J).
   
ITEM 4.
OWNERSHIP.
 
 
Trine Sponsor directly owns 7,403,750 shares of Class B Common Stock, par value $0.0001 per share (“Class B Common Stock”), of the Issuer, which are convertible into the Issuer’s Class A Common Stock, par value $0.0001 per share (“Class A Common Stock”). Such shares may be deemed to be indirectly beneficially owned by RTH and HPS, which are members of Trine Sponsor, and Leo Hindery, Jr., who is the managing member of RTH. As a result of these relationships, each of RTH, HPS and Mr. Hindery may be deemed to have shared beneficial ownership of the securities held directly by Trine Sponsor. Each of Trine Sponsor, RTH, HPS and Mr. Hindery disclaims beneficial ownership of such securities except to the extent of their direct ownership.
 
Percentage ownership is based on 30,015,000 shares of Class A Common Stock and 7,503,750 shares
of Class B Common Stock outstanding as of November 8, 2019, as reported by the Issuer in its quarterly report on Form 10-Q for the period ended September 30, 2019, and assumes conversion of all Class B Common Stock into Class A Common Stock.
 
 
(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.
   
 
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.
   


CUSIP No. 89628U108
SCHEDULE 13G
Page 8 of 9
 

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. 89628U108
SCHEDULE 13G
Page 9 of 9
 

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 13, 2020


   
TRINE SPONSOR IH, LLC
 
   
 
Robin Trine Holdings, LLC, its managing member
 
       
   
By:
/s/ Leo Hindery, Jr.
 
     
Name: Leo Hindery, Jr.
 
     
Title:   Managing Member
 
         
   
ROBIN TRINE HOLDINGS, LLC
 
         
   
By:
/s/ Leo Hindery, Jr.
 
     
Name: Leo Hindery, Jr.
 
     
Title:   Managing Member
 
         
   
HPS INVESTMENT PARTNERS, LLC
 
         
   
By:
/s/ Paul Knollmeyer
 
     
Name: Paul Knollmeyer
 
     
Title:   Chief Financial Officer
 
         
    /s/ Leo Hindery, Jr.  
   
Leo Hindery, Jr.