Filing Details
- Accession Number:
- 0000899140-21-000466
- Form Type:
- 13G Filing
- Publication Date:
- 2021-04-23 16:05:28
- Filed By:
- Select Equity Group
- Company:
- Airspan Networks Holdings Inc.
- Filing Date:
- 2021-04-23
- 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 |
|---|---|---|---|---|---|---|
| Select Equity Group | 0 | 964,183 | 0 | 964,183 | 964,183 | 6.5% |
| Shinbone Alley | 0 | 752,944 | 0 | 752,944 | 752,944 | 5.0% |
| Shinbone Alley Holdings | 0 | 752,944 | 0 | 752,944 | 752,944 | 5.0% |
| George S. Loening | 0 | 964,183 | 0 | 964,183 | 964,183 | 6.5% |
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
New Beginnings Acquisition Corp.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
64222H100
(CUSIP Number)
April 14, 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 the 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. 64222H100 | Page 2 of 8 Pages |
| 1 | NAMES OF REPORTING PERSONS Select Equity Group, L.P. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) X | ||
| 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 964,183 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 964,183 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 964,183 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5%* | ||
| 12 | TYPE OF REPORTING PERSON PN | ||
* Beneficial ownership based on 14,920,000 shares of Common Stock outstanding as of March 31, 2021, as reported on the Issuer’s Annual Report on Form 10-K
filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2021.
| CUSIP No. 64222H100 | Page 3 of 8 Pages |
| 1 | NAMES OF REPORTING PERSONS Shinbone Alley, L.P. | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) X | ||
| 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 752,944 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 752,944 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 752,944 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%* | ||
| 12 | TYPE OF REPORTING PERSON PN | ||
* Beneficial ownership based on 14,920,000 shares of Common Stock outstanding as of March 31, 2021, as reported on the Issuer’s Annual Report on Form 10-K
filed with the SEC on March 31, 2021.
| CUSIP No. 64222H100 | Page 4 of 8 Pages |
| 1 | NAMES OF REPORTING PERSONS Shinbone Alley Holdings, LLC | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) X | ||
| 3 | SEC USE ONLY | ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | |
| 6 | SHARED VOTING POWER 752,944 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 752,944 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 752,944 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.0%* | ||
| 12 | TYPE OF REPORTING PERSON OO | ||
* Beneficial ownership based on 14,920,000 shares of Common Stock outstanding as of March 31, 2021, as reported on the Issuer’s Annual Report on Form 10-K
filed with the SEC on March 31, 2021
| CUSIP No. 64222H100 | Page 5 of 8 Pages |
| 1 | NAMES OF REPORTING PERSONS George S. Loening | ||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) X | ||
| 3 | SEC USE ONLY | ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | ||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 | |
| 6 | SHARED VOTING POWER 964,183 | ||
| 7 | SOLE DISPOSITIVE POWER 0 | ||
| 8 | SHARED DISPOSITIVE POWER 964,183 | ||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH PERSON 964,183 | ||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ☐ | ||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5%* | ||
| 12 | TYPE OF REPORTING PERSON IN/HC | ||
* Beneficial ownership based on 14,920,000 shares of Common Stock outstanding as of March 31, 2021, as reported on the Issuer’s Annual Report on Form 10-K
filed with the SEC on March 31, 2021
| Item 1(a) | Name of Issuer: |
| New Beginnings Acquisition Corp. | |
| Item 1(b) | Address of Issuer’s Principal Executive Offices: |
| 800 1st Street, Unit 1 | |
| Miami, Florida 33139 | |
| Items 2(a) | Name of Person Filing: |
| This Schedule 13G is being filed jointly by Select Equity Group, L.P., a
Delaware limited partnership (“Select LP”), Shinbone Alley, L.P., a Delaware limited partnership (“Shinbone Alley”), Shinbone Alley Holdings, LLC, a Delaware limited liability company (“Shinbone Alley Holdings”), and George S. Loening
(“Loening”), who is the majority owner of Select LP and managing member of its general partner, as well as the managing member of Shinbone Alley Holdings. Select LP, Shinbone Alley, Shinbone Alley Holdings and Loening are sometimes
jointly referred to herein as the “Select Reporting Persons.” | |
| Item 2(b) | Address of Principal Business Office: |
| The business address of each of the Select Reporting Persons is: | |
| 380 Lafayette Street, 6th Floor | |
| New York, New York 10003 | |
| Item 2(c) | Citizenship: |
| George S. Loening is a United States citizen. | |
| Item 2(d) | Title of Class of Securities: |
| Common Stock, par value $0.0001 per share | |
| Item 2(e) | CUSIP Number: |
| 64222H100 | |
| Item 3 | If this statement is filed pursuant to Rules
13d-1(b), or 13d-2(b) or (c), check whether the person filing is: |
| (a) | ☐ | Broker or dealer registered under Section 15 of the Act; | |
| (b) | ☐ | Bank as defined in Section 3(a)(6) of the Act; | |
| (c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act; | |
| (d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940; | |
| (e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | |
| (f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | |
| (g) | ☐ | A parent holding company or control person in accordance with Rule 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); | |
| (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; | |
| (j) | ☐ | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | |
| (k) | ☐ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). | |
| Item 4 | Ownership: |
| The information required by Items 4(a)-(c), as of the close of business on April 14, 2021, is set forth in Rows 5-11 of the cover
page hereto for each Select Reporting Person and is incorporated herein by reference for each such Select 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 a reporting person has ceased to be the beneficial
owner of more than 5 percent of the class of securities, check the following ☐. | |
| Item 6 | Ownership of More than Five Percent on Behalf of
Another Person: |
| N/A | |
| Item 7 | Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: |
| N/A | |
| Item 8 | Identification and Classification of Members of the
Group: |
| N/A | |
| Item 9 | Notice of Dissolution of Group: |
| N/A | |
| Item 10 | Certification: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect other than activities solely in connection with a nomination under §240.14a-11.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that
the information set forth in this statement is true, complete and correct.
| SELECT EQUITY GROUP, L.P. | |
| By: Select Equity GP, LLC, its General Partner | |
| By: /s/ George S. Loening | |
| Name: George S. Loening | |
| Title: Managing Member | |
| SHINBONE ALLEY, L.P. | |
| By: Shinbone Alley Holdings, LLC, its General Partner | |
| By: /s/ George S. Loening | |
| Name: George S. Loening | |
| Title: Managing Member | |
| SHINBONE ALLEY HOLDINGS, LLC | |
| By: /s/ George S. Loening | |
| Name: George S. Loening | |
| Title: Managing Member | |
| /s/ George S. Loening | |
| George S. Loening, an individual | |
Dated: April 23, 2021