Filing Details
- Accession Number:
- 0001062993-18-000381
- Form Type:
- 13G Filing
- Publication Date:
- 2018-02-01 07:36:13
- Filed By:
- Hgc Investment Management Inc.
- Company:
- Draper Oakwood Technology Acquisition Inc.
- Filing Date:
- 2018-02-01
- SEC Url:
- 13G Filing
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 |
---|---|---|---|---|---|---|
HGC Investment Management Inc | 525,736 | 0 | 525,736 | 8.57% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
DRAPER OAKWOOD TECHNOLOGY ACQUISITION, INC.
(Name of Issuer)
Class A Common Stock, $0.0001 par value
(Title of Class of Securities)
26146L103
(CUSIP Number)
December 31, 2017
(Date of Event Which
Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[X] Rule 13d1(b)
[ ] Rule 13d1(c)
[ ] Rule 13d1(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 in 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 (the 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. 26146L103 |
1 | Names of reporting persons |
HGC Investment Management Inc. | |
2 | Check the appropriate box if a member of a group (see instructions) |
(a) [ ] | |
(b) [ ] | |
3 | SEC use only |
4 | Citizenship or place of organization |
Canada |
5 | Sole voting power | |
525,736 | ||
Number of | 6 | Shared voting power |
shares | ||
beneficially | 0 | |
owned | ||
by each | 7 | Sole dispositive power |
reporting | ||
person | 525,736 | |
with: | ||
8 | Shared dispositive power | |
0 | ||
9 | Aggregate amount beneficially owned by each reporting person |
525,736 | |
10 | Check if the aggregate amount in Row (9) excludes certain shares (see instructions) [ ] |
11 | Percent of class represented by amount in Row (9) |
8.57%* | |
12 | Type of reporting person (see instructions) |
FI | |
* See Item 4(b) of this Schedule 13G.
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Item 1.
1(a)
Name of issuer:
The name of the issuer is Draper Oakwood Technology Acquisition, Inc. (the Issuer)
1(b) Address of issuer's principal executive offices:
The Issuers principal executive offices are located at c/o Draper Oakwood Investments, LLC, 55 E. 3rd Avenue, San Mateo, California.
Item 2.
2(a)
Name of person filing:
This statement is filed by HGC Investment Management Inc., a company incorporated under the laws of Canada, which serves as the investment manager to HGC Arbitrage Fund LP, an Ontario limited partnership (the Fund), with respect to the Shares (as defined below) held by the Reporting Person on behalf of the Fund.
The filing of this statement should not be construed as an admission that the Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Shares reported herein.
2(b) Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 366 Adelaide, Suite 601, Toronto, Ontario M5V 1R9, Canada.
2(c) Citizenship:
The citizenship of the Reporting Person is Canada.
2(d) Title of class of securities:
Class A common stock, par value $0.0001 per share (the "Shares")
2(e) CUSIP No.:
The CUSIP number of the Common Shares is 26146L103.
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 80a8); |
(e) | [ ] An investment adviser in accordance with §240.13d1(b)(1)(ii)(E); |
(f) | [ ] An employee benefit plan or endowment fund in accordance with §240.13d1(b)(1)(ii)(F); |
(g) | [ ] A parent holding company or control person in accordance with §240.13d1(b)(1)(ii)(G); |
(h) | [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
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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 of 1940 (15 U.S.C. 80a3); |
(j) | [X] A non-U.S. institution in accordance with §240.13d1(b)(1)(ii)(J); |
(k) | [ ] Group, in accordance with §240.13d1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with §240.13d 1(b)(1)(ii)(J), please specify the type of institution:
The Reporting Person is an investment fund, portfolio manager and exempt market dealer registered with the Ontario Securities Commission.
Item 4. Ownership
The percentages used herein are calculated based upon 6,137,500 Shares reported to be outstanding as of November 9, 2017 as reported in the Companys Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2017, filed with the Securities Exchange Commission on November 13, 2017.
The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5. Ownership of 5 Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than 5 Percent on Behalf of Another Person.
See Item 2. The Fund has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the Shares.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
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. Certifications
By signing below the Reporting Person certifies that, to the best of its knowledge and belief, (i) 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 and (ii) the foreign regulatory scheme applicable to investment fund managers is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institutions. The Reporting Person also undertakes to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
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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 1st , 2018
HGC INVESTMENT MANAGEMENT INC. | |
By: /s/ Osie Ukwuoma | |
Name: Osie Ukwuoma | |
Title: Chief Compliance Officer |