美國
證券交易委員會
華盛頓特區 20549
第13D/A號報告
根據1934年證券交易法
(修正案第3號)*
Adecoagro公司
(發行者名稱)
普通股,面值$1.50 每股
(證券類別的標題)
L00849106
(CUSIP編號)
泰達幣控股有限公司
c/o SHRm Trustees
三位一體大廈
托爾托拉,路城
英屬維爾京群島,VG1110
+443333355842
抄送至:
丹****德
麥克德莫特、威爾和艾默裏律師事務所
萬維德大道一號
紐約,紐約 10017
(212) 547-5400
(接收通知和通訊的授權人姓名、地址和電話號碼)
2024年9月26日
(需要提交本聲明的事件日期)
如果申報人之前在Schedule 13G上提交了聲明,以報告本Schedule 13D所涉的收購,並且由於規則13d-1(e)、13d-1(f)或13d-1(g)而提交本Schedule,請勾選以下框¨
備註以紙質格式提交的Schedule應包括一份簽名的原件和五份副本,包括所有附件。請參見§240.13d-7了解需要發送副本的其他方。
*本封面頁面的其餘部分應填寫報告人針對該類證券的初次提交表格,以及對於任何後續修訂中包含會改變之前封面所提供的披露信息的信息。
此封面頁其餘部分所需的信息不應視爲「已提交」 根據1934年證券交易法第18節(「法案」)的目的,或其他方面 受該法案該節的責任,但應受法案的所有其他條款的約束(不過,請參見注釋)。
CUSIP編號:L00849106 | 第 2 頁,共 10 頁 |
1 | 報告人姓名 | ||||
泰達幣控股有限公司 | |||||
2 | 如果是小組成員,請勾選適當的框(參見說明) | (a) | ¨ | ||
(b) | ¨ | ||||
3 | 僅供SEC使用 | ||||
4 | 資金來源(請參見說明) | ||||
OO | |||||
5 | 檢查是否根據事項2(d)或2(e)需要披露法律程序 | x | |||
6 | 國籍或組織地點 | ||||
英屬維爾京群島 | |||||
編號 的 股份 受益地 擁有 每 個 報告 人 與 |
7 | 單一投票權 | |||
0 | |||||
8 | 共享投票權 | ||||
15,048,249 (1) | |||||
9 | 獨有處置權 | ||||
0 | |||||
10 | 共同處置權 | ||||
15,048,249 (1) | |||||
11 | 每個報告人受益擁有的總金額 | ||||
15,048,249 (1) | |||||
12 | 檢查第(11)行的總金額是否排除了某些股份(請參見說明) | ¨ | |||
13 | 第(11)行金額所代表的類別百分比 | ||||
14.7% (2) | |||||
14 | 報告人的類型(見說明) | ||||
科羅拉多州 | |||||
(1) | 包括由泰達幣控股有限公司全資子公司泰達投資有限公司持有的15,048,249股普通股,每股面值$1.50(「普通股」)的Adecoagro S.A. |
(2) | 此百分比是根據截至2024年6月30日的已發行102,461,382股普通股計算的,如2024年8月12日提交給證券交易委員會的發行人6-k表所列。 |
2
CUSIP編號:L00849106 | 頁面 3 / 10 |
1 | 報告人姓名 | ||||
泰達幣投資有限公司 | |||||
2 | 如果是一個小組的成員,請勾選適當的框(見說明) | (a) | ¨ | ||
(b) | ¨ | ||||
3 | 僅供SEC使用 | ||||
4 | 資金來源(見說明) | ||||
WC | |||||
5 | 檢查 是否需要根據條款2(d)或2(e)披露法律程序 | ¨ | |||
6 | 國籍 或組織所在地 | ||||
英屬維爾京群島 | |||||
號碼
|
7 | 唯一 投票權 | |||
0 | |||||
8 | 共享 投票權 | ||||
15,048,249 | |||||
9 | 單獨 決定權 | ||||
0 | |||||
10 | 共享 決定權 | ||||
15,048,249 | |||||
11 | 每個報告人實際擁有的累計 數量 | ||||
15,048,249 | |||||
12 | 檢查 第11行的總金額是否不包括某些股份(參見說明) | ¨ | |||
13 | 百分比 第(11)行金額所代表的類別的百分比 | ||||
14.7% (1) | |||||
14 | 報告人的類型(參見說明) | ||||
科羅拉多州 | |||||
(1) | 此百分比是根據截至2024年6月30日的已發行102,461,382股普通股計算的,如2024年8月12日提交給證券交易委員會的發行人6-k表所列。 |
3
CUSIP編號:L00849106 | 第4頁 共10頁 |
1 | 報告人姓名 | ||||
Giancarlo Devasini | |||||
2 | 如果是一個小組的成員,請勾選適當的框(見說明) | (a) | ¨ | ||
(b) | ¨ | ||||
3 | 僅供SEC使用 | ||||
4 | 資金來源(見說明) | ||||
OO | |||||
5 | 檢查 是否需要根據條款2(d)或2(e)披露法律程序 | ¨ | |||
6 | 國籍 或組織所在地 | ||||
意大利 | |||||
號碼
|
7 | 唯一 投票權 | |||
0 | |||||
8 | 共享 投票權 | ||||
15,048,249 (1) | |||||
9 | 單獨 決定權 | ||||
0 | |||||
10 | 共享 決定權 | ||||
15,048,249 (1) | |||||
11 | 每個報告人實際擁有的累計 數量 | ||||
15,048,249 (1) | |||||
12 | 檢查 第11行的總金額是否不包括某些股份(參見說明) | ¨ | |||
13 | 百分比 第(11)行金額所代表的類別的百分比 | ||||
14.7% (2) | |||||
14 | 報告人的類型(參見說明) | ||||
IN | |||||
(1) | Includes 15,048,249 Common Shares held by Tether Investments Limited, a wholly owned subsidiary of Tether Holdings Limited. Mr. Devasini has a greater than 50% voting interest in Tether Holdings Limited. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person’s pecuniary interest. |
(2) | This percentage is calculated based upon 102,461,382 Common Shares outstanding as of June 30, 2024 as set forth in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 12, 2024. |
4
Explanatory Note: This statement on Schedule 13D amends the Schedule 13D of Tether Holdings Limited, a British Virgin Islands business company, Tether Investments Limited, a British Virgin Islands business company, Ludovicus Jan Van der Velde and Giancarlo Devasini that was originally filed with the Securities and Exchange Commission on August 16, 2024, as amended by Amendment No. 1 filed on September 9, 2024 and Amendment No. 2 filed on September 20, 2024 (as amended, the “Schedule 13D”) with respect to the Common Shares, par value $1.50 per share (“Common Shares”) of Adecoagro S.A., a société anonyme under the laws of the Grand Duchy of Luxembourg (the “Issuer”). This amendment to the Schedule 13D is being filed by Tether Holdings Limited, a British Virgin Islands business company, Tether Investments Limited, a British Virgin Islands business company, and Giancarlo Devasini (collectively, the “Reporting Persons”) and constitutes Amendment No. 3 to the Schedule 13D. Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.
Item 2. Identity and Background
See the Schedule 13D, as amended, for historical information. Item 2 of Schedule 13D is amended and supplemented as follows:
Certain information regarding Tether Holdings Limited, Tether Investments Limited and their respective executive officers and directors is set forth on Schedule A attached hereto.
Item 3. Source and Amount of Funds or Other Consideration
See the Schedule 13D, as amended, for historical information. Item 3 is amended and supplemented as follows:
Tether Investments Limited used cash from its own working capital to make the purchases of Common Shares listed on Schedule B hereto.
Item 5. Interest in Securities of Issuer
Item 5 of the Schedule 13D is amended and restated in its entirety to read as follows:
(a) The Reporting Persons beneficially own an aggregate of 15,048,249 shares of the Issuer’s Common Shares, representing 14.7% of the outstanding Common Shares.
(b) Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 15,048,249 shares. This percentage is calculated based upon 102,461,382 Common Shares outstanding as of June 30, 2024 as set forth in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 12, 2024.
(c) Schedule B sets forth the transactions in the Common Shares effected by the Reporting Persons during the past 60 days.
(d) None.
(e) Not applicable.
Item 7. Material to be Filed as Exhibits
1. Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k).
5
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement on Schedule 13D is true, complete and correct.
September 30, 2024 | ||
TETHER HOLDINGS LIMITED | ||
By: | /s/ Ludovicus Jan Van der Velde | |
Name: | Ludovicus Jan Van der Velde | |
Title: | Director |
Tether Investments Limited | ||
By: | /s/ Ludovicus Jan Van der Velde | |
Name: | Ludovicus Jan Van der Velde | |
Title: | Director |
/s/ Giancarlo Devasini | |
Giancarlo Devasini, individually |
6
Schedule A
Executive Officers and Directors
The following sets forth the name, country of citizenship, position and principal occupation of each executive officer and member of the board of directors of Tether Holdings Limited and Tether Investments Limited. Except as indicated below, none of the persons listed below has been convicted of a crime (other than traffic violations or similar misdemeanors) or been subject to proceedings pertaining to violations of securities laws within the past 5 years.
Executive Officers and Directors of Tether Holdings Limited:
Name and Citizenship | Position and Principal Occupation | Beneficial Ownership | Business Address |
Paolo Ardoino, citizen of Italy | Chief Executive Officer and Director | 0 | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
Giancarlo Devasini, citizen of Italy | Chief Financial Officer and Director | 15,048,249 (1) | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
Ludovicus Jan Van der Velde, citizen of the Netherlands | Director | 0 | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
7
Executive Officers and Directors of Tether Investments Limited:
Name and Citizenship | Position and Principal Occupation | Beneficial Ownership | Business Address |
Paolo Ardoino, citizen of Italy | Chief Executive Officer and Director | 0 | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
Giancarlo Devasini, citizen of Italy | Chief Financial Officer and Director | 15,048,249 (1) | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
Ludovicus Jan Van der Velde, citizen of the Netherlands | Director | 0 | SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 |
(1) | Includes 15,048,249 common shares, par value $1.50 per share (“Common Shares”) of Adecoagro S.A. held by Tether Investments Limited, a wholly owned subsidiary of Tether Holdings Limited. |
In October 2021, the U.S. Commodity Futures Trading Commission (CFTC) instituted and settled regulatory proceedings against Tether Holdings Limited, Tether Limited, Tether Operations Limited, and Tether International Limited (collectively, “Tether”) by way of an order accepting Tether’s payment of a civil monetary penalty of $41 million without admitting or denying any of the CFTC’s findings or conclusions. The order settled CFTC allegations that, from June 2016 to February 2019, Tether made untrue or misleading statements and omissions of material fact or omitted to state material facts necessary to make statements made not true or misleading in connection with, among other things, whether USDT was fully backed by U.S. Dollars held in bank accounts in Tether’s name.
In February 2021, the Office of the Attorney General of the State of New York (NYAG) entered into an agreement with Tether and several Bitfinex (a group of companies with which Tether is affiliated) companies to settle a 2019 proceeding brought by NYAG seeking an injunction related to, among other things, the transfer of certain funds by and among Bitfinex and Tether. Without admitting or denying NYAG’s findings, Bitfinex and Tether agreed to settle the NYAG proceeding by paying $18.5 million in penalties to the State of New York. The agreement further required Bitfinex and Tether to discontinue any trading activity with New York persons or entities and to submit to mandatory reporting on certain business functions.
8
Schedule B
The following table lists all transactions completed by the Reporting Persons in the Common Shares since August 1, 2024, which were all completed through open market purchases.
Tether Investments Limited:
Date | Shares Bought | Price |
August 1, 2024 | 300,000 | 9.4506 |
August 9, 2024 | 1,420,000 | 10.0658 |
August 12, 2024 | 1,500,000 | 10.4506 |
August 13, 2024 | 1,590,762 | 11.6623 |
August 14, 2024 | 283,144 | 11.2663 |
August 16, 2024 | 154,343 | 11.3962 |
September 3, 2024 | 175,000 | 11.0216 |
September 4, 2024 | 185,000 | 11.1745 |
September 5, 2024 | 250,000 | 11.3323 |
September 6, 2024 | 360,000 | 11.4199 |
September 9, 2024 | 342,500 | 11.1468 |
September 10, 2024 | 405,000 | 11.1266 |
September 11, 2024 | 81,000 | 11.3079 |
September 12, 2024 | 140,000 | 11.3390 |
September 13, 2024 | 155,000 | 11.5534 |
September 16, 2024 | 145,410 | 11.5744 |
September 17, 2024 | 296,294 | 11.0614 |
September 18, 2024 | 350,000 | 11.2342 |
September 19, 2024 | 325,000 | 11.5819 |
September 20, 2024 | 472,000 | 11.4115 |
September 23, 2024 | 51,000 | 11.4990 |
September 24, 2024 | 250,000 | 11.5794 |
September 25, 2024 | 700,000 | 11.3903 |
September 26, 2024 | 316,796 | 11.9130 |
9
EXHIBIT 1
Joint Filing Agreement
In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of this Amendment to Schedule 13D, including further amendments thereto, with respect to the common shares, par value $1.50 per share, of Adecoagro S.A. and further agrees that this Joint Filing Agreement be filed with the Securities and Exchange Commission as an exhibit to such filing; provided, however, that no person shall be responsible for the completeness or accuracy of the information concerning the other persons making the filing unless such person knows or has reason to believe such information is inaccurate (as provided in Rule 13d-1(k)(1)(ii)). This Joint Filing Agreement may be executed in one or more counterparts, all of which together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the persons named below have executed this Joint Filing Agreement as of the date set forth below.
September 30, 2024 | ||
TETHER HOLDINGS LIMITED | ||
By: | /s/ Ludovicus Jan Van der Velde | |
Name: | Ludovicus Jan Van der Velde | |
Title: | Director |
Tether Investments Limited | ||
By: | /s/ Ludovicus Jan Van der Velde | |
Name: | Ludovicus Jan Van der Velde | |
Title: | Director |
/s/ Giancarlo Devasini | |
Giancarlo Devasini, individually |
10