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EX-5.1 - EXHIBIT 5.1 - Kingswood Acquisition Corp.tm2028855d11_ex5-1.htm

As filed with the U.S. Securities and Exchange Commission on November 10, 2020.

Registration No. 333-249437

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

AMENDMENT NO. 3

TO

FORM S-l

REGISTRATION STATEMENT UNDER

THE SECURITIES ACT OF 1933

 

Kingswood Acquisition Corp.

(Exact name of registrant as specified in its charter)

 

Delaware

6199

85-2432410

(State or other jurisdiction of

organization)

(Primary Standard Industrial

Classification Code Number)

(I.R.S. Employer incorporation

or Identification Number)

 

17 Battery Place, Room 625

New York, NY 10004

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Michael Nessim

Chief Executive Officer
Kingswood Acquisition Corp.

17 Battery Place, Room 625

New York, NY 10004 (212) 404-7002

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies to:

 

Christopher M. Zochowski

Winston & Strawn LLP

1901 L Street, N.W.

Washington, DC 20036

Tel: (202) 282-5000

David A. Sakowitz

Winston & Strawn LLP

200 Park Avenue

New York, New York 10166

Tel: (212) 294-6700

Mitchell Nussbaum

Giovanni Caruso

Loeb & Loeb LLP

345 Park Avenue

New York, NY 10154

Tel: (212) 407-4000

  

Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. ¨

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

  Large accelerated filer ¨ Accelerated filer ¨
  Non-accelerated filer x Smaller reporting  company x
      Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ¨

 

 

 

 

CALCULATION OF REGISTRATION FEE

 

 

Title of Each Class of

Security Being Registered

 

Amount Being

Registered

Proposed Maximum Offering Price per Security Proposed Maximum Aggregate Offering Price

 

Amount of

Registration Fee

Units, each consisting of one share of Class A Common  Stock, par value $0.0001 per share, and three-fourths of one redeemable warrant(2)

11,500,000 Units

$10.00

$115,000,000

$12,546.50

Shares of Class A Common Stock included as part of the units(3)

11,500,000 Shares

 —(4)

Redeemable warrants included as part of the units(3)

8,625,000 Warrants

 —(4)

Total     $115,000,000 $12,546.50(5)

 

(1)Estimated solely for the purpose of calculating the registration fee.
(2)Includes 1,500,000 units, consisting of 1,500,000 shares of Class A Common Stock and 1,125,000 redeemable warrants, which may be issued upon exercise of a 30-day option granted to the underwriters to cover over-allotments, if any.
(3)Pursuant to Rule 416, there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from share sub-divisions, share dividends or similar transactions.
(4)No fee pursuant to Rule 457(g).
(5)Previously paid with the initial filing of this Registration Statement on October 13, 2020.

 

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 

 

EXPLANATORY NOTE

 

Kingswood Acquisition Corp. is filing this Amendment No. 3 to its registration statement on Form S-1 (File No. 333-249437) as an exhibit-only filing. Accordingly, this amendment consists only of the facing page, this explanatory note, Item 16 of Part II of the Registration Statement, the signature page to the Registration Statement and the filed exhibit. The remainder of the Registration Statement is unchanged and has therefore been omitted.

 

 

 

 

 

 

PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

 

 

Item 16. Exhibits and Financial Statement Schedules.

 

(a) Exhibits. The following exhibits are being filed herewith:

EXHIBIT INDEX

 

Exhibit    
No.   Description
1.1**   Form of Underwriting Agreement.
3.1**   Amended and Restated Certificate of Incorporation.
3.2**   Form of Second Amended and Restated Certificate of Incorporation.
3.3**   Bylaws.
4.1**   Specimen Unit Certificate.
4.2**   Specimen Class A Common Stock Certificate.
4.3**   Specimen Warrant Certificate.
4.4**   Form of Warrant Agreement between Continental Stock Transfer & Trust Company and the Registrant.
5.1*   Opinion of Winston & Strawn LLP.
10.1**   Form of Letter Agreement among the Registrant, Kingswood Global Sponsor LLC and each of the executive officers and directors of the Registrant.
10.2**   Form of Investment Management Trust Agreement between Continental Stock Transfer & Trust Company and the Registrant.
10.3**   Form of Registration Rights Agreement among the Registrant, Kingswood Global Sponsor LLC and the Holders signatory thereto.
10.4**   Form of Private Placement Warrants Purchase Agreement between the Registrant and Kingswood Global Sponsor LLC
10.5**   Form of Indemnity Agreement.
10.6**   Securities Subscription Agreement between the Registrant and Kingswood Global Sponsor LLC.
10.7**   Form of Administrative Services Agreement between the Registrant and Kingswood Global Sponsor LLC.
10.8**   Form of Promissory Note issued to Kingswood Sponsor LLC.
14**   Form of Code of Ethics.
23.1**   Consent of Marcum LLP.
23.2*   Consent of Winston & Strawn LLP (included on Exhibit 5.1).
24**   Power of Attorney.
99.1**   Form of Audit Committee Charter.
99.2**   Form of Compensation Committee Charter.
99.3**   Form of Nominating and Corporate Governance Committee Charter.

 

 

*Filed herewith.
**Previously filed.

 

 II-1 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, NY, on the 10th day of November, 2020.

 

  KINGSWOOD ACQUISITION CORP.
         
         
  By: /s/ Michael Nessim  
    Name: Michael Nessim
    Title: Chief Executive Officer

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Name   Position   Date
         

/s/ Michael Nessim

Michael Nessim

  Chief Executive Officer   November 10, 2020
         

/s/ Gary Wilder

Gary Wilder

  Executive Chairman   November 10, 2020
         

/s/ David Hudd

David Hudd

  Director   November 10, 2020
         

/s/ Larry Roth

Larry Roth

  Director   November 10, 2020
         

/s/ Howard Garland

Howard Garland

  Director   November 10, 2020
         

/s/ Jonathan Massing

Jonathan Massing

  Director   November 10, 2020
         

/s/ Lisa Roth

Lisa Roth

  Director   November 10, 2020
         

/s/ Caroline O’Connell

Caroline O’Connell

  Director   November 10, 2020

 

 

 

 II-2