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SC 13G/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

Everspin Technologies, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

30041T 104

(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:

 

  ☐

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 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 (“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).

 

 

 

 

Page 1 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  NV Partners IV LP

  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

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  1,319,619

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  1,319,619

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,319,619

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  6.7%

12.  

  Type of Reporting Person (See Instructions)

 

  PN

 

Page 2 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  NV Partners IV-C LP

  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

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  197,939

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  197,939

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  197,939

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  1.0%

12.  

  Type of Reporting Person (See Instructions)

 

  PN

 

Page 3 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  NVPG IV LLC

  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

 

  Delaware

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  1,517,558*

   6.  

  Shared Voting Power

 

  0

   7.  

  Sole Dispositive Power

 

  1,517,558*

   8.  

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,517,558*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  7.7%

12.  

  Type of Reporting Person (See Instructions)

 

  OO

 

*

Consists of 1,319,619 shares of Common Stock held by NV Partners IV LP (“NV IV”) and 197,939 shares of Common held by NV Partners IV-C LP (“NV IVC”). The Reporting Person is general partner of NV IV and NV IVC.

 

Page 4 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  Stephen Socolof

  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

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  29,131

   6.  

  Shared Voting Power

 

  1,517,558*

   7.  

  Sole Dispositive Power

 

  29,131

   8.  

  Shared Dispositive Power

 

  1,517,558*

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,546,689*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  7.9%

12.  

  Type of Reporting Person (See Instructions)

 

  IN

 

*

Consists of 1,319,619 shares of Common Stock held NV IV and 197,939 shares of Common held by NV IVC. NVPG IV LLC (“NVPG”) is the general partner of NV IV and NV IVC. The Reporting Person is a managing member of NVPG.

 

Page 5 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  Andrew Garman

  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

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  0

   6.  

  Shared Voting Power

 

  1,517,558*

   7.  

  Sole Dispositive Power

 

  0

   8.  

  Shared Dispositive Power

 

  1,517,558*

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,517,558*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  7.7%

12.  

  Type of Reporting Person (See Instructions)

 

  IN

 

*

Consists of 1,319,619 shares of Common Stock held NV IV and 197,939 shares of Common held by NV IVC. NVPG is the general partner of NV IV and NV IVC. The Reporting Person is a managing member of NVPG.

 

Page 6 of 11

CUSIP No. 30041T 104

 

  1.    

  Name of Reporting Persons

 

  Thomas Ulhman

  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

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

    5.    

  Sole Voting Power

 

  0

   6.  

  Shared Voting Power

 

  1,517,558*

   7.  

  Sole Dispositive Power

 

  0

   8.  

  Shared Dispositive Power

 

  1,517,558*

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  1,517,558*

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

11.  

  Percent of Class Represented by Amount in Row (9)

 

  7.7%

12.  

  Type of Reporting Person (See Instructions)

 

  IN

 

*

Consists of 1,319,619 shares of Common Stock held NV IV and 197,939 shares of Common held by NV IVC. NVPG is the general partner of NV IV and NV IVC. The Reporting Person is a managing member of NVPG.

 

Page 7 of 11

Item 1.

(a) Name of Issuer

Everspin Technologies, Inc.

(b) Address of Issuer’s Principal Executive Offices

1347 N. Alma School Road, Suite 220

Chandler, AZ 85224

 

Item 2.

(a) Name of Person Filing

NV Partners IV LP

NV Partners IV-C LP

NVPG IV LLC

Stephen Socolof

Andrew Garman

Thomas Uhlman

(b) Address of Principal Business Office or, if none, Residence

430 Mountain Avenue, Suite 404

Murray Hill, NJ 07974

(c) Citizenship

All entities were organized in Delaware. The individuals are all United States citizens.

(d) Title of Class of Securities

Common Stock

(e) CUSIP Number

30041T 104

 

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:

Not applicable

 

Page 8 of 11

Item 4.

Ownership

 

MPM Entity    Shares Held
Directly		    Sole Voting
Power		    Shared
Voting
Power		    Sole
Dispositive
Power		    Shared
Dispositive
Power		    Beneficial
Ownership		    Percentage
of Class

NV IV

    1,319,619    1,319,619    0    1,319,619    0    1,319,619    6.7%

NV IVC

    197,939    197,939    0    197,939    0    197,939    1.0%

NVPG(1)

    0    0    2,260,991    0    2,260,991    2,260,991    7.7%

Stephen Socolof(1)

    29,131    29,131    1,546,689    29,131    1,546,689    1,546,689    7.9%

Andrew Garman(1)

    0    0    1,517,558    0    1,517,558    1,517,558    7.7%

Thomas Uhlman(1)

    0    0    1,517,558    0    1,517,558    1,517,558    7.7%

 

(1)

Consists of 1,319,619 shares of Common Stock held by NV IV and 197,939 shares of Common held by NV IVC. NVPG is the general partner of NV IV and NV IVC. Stephen Socolof, Andrew Garman and Thomas Uhlman are individual managing members of NVPG.

 

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 the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

 

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 or Control Person.

Not Applicable

 

Item 8.

Identification and Classification of Members of the Group

Not Applicable

 

Item 9.

Notice of Dissolution of a Group

Not Applicable

 

Item 10.

Certification

Not Applicable

 

Page 9 of 11

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 10, 2022

 

NV PARTNERS IV LP     NV PARTNERS IV-C LP
By:   NVPG IV LLC,     By:   NVPG IV LLC,
  its General Partner                its General Partner
By:  

/s/ Stephen Socolof

     By:  

/s/ Stephen Socolof

  Name: Stephen Socolof       Name: Stephen Socolof
  Title: Managing Member       Title: Managing Member
NVPG IV LLC      
By:  

/s/ Stephen Socolof

      
  Name: Stephen Socolof      
  Title: Managing Member      
By:  

/s/ Andrew Garman

     By:  

/s/ Stephen Socolof

  Name: Andrew Garman       Name: Stephen Socolof
By:  

/s/ Thomas Uhlman

      
  Name: Thomas Uhlman      

EXHIBITS

 

A:

Joint Filing Agreement

 

Page 10 of 11

Exhibit A

EXHIBIT A

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 amendments thereto) with respect to the Common Stock of Everspin Technologies, Inc. and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts.

In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 10th day of February, 2022.

 

NV PARTNERS IV LP

 

By: NVPG IV LLC,

its General Partner

 

By: /s/ Stephen Socolof                                             

Name: Stephen Socolof

Title: Managing Member

     

NV PARTNERS IV-C LP

 

By: NVPG IV LLC,

its General Partner

 

By: /s/ Stephen Socolof                                                 

Name: Stephen Socolof

Title: Managing Member

NVPG IV LLC

 

By: /s/ Stephen Socolof                                             

Name: Stephen Socolof

Title: Managing Member

     

By: /s/ Andrew Garman                                             

Name: Andrew Garman

     

By: /s/ Stephen Socolof                                                 

Name: Stephen Socolof

By: /s/ Thomas Uhlman                                             

Name: Thomas Uhlman

     

 

Page 1 of 11