FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Empower Sponsor Holdings LLC
2. Issuer Name and Ticker or Trading Symbol

Holley Inc. [ HLLY ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    __X__ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

C/O MIDOCEAN PARTNERS, 245 PARK AVE., 38TH FLOOR
3. Date of Earliest Transaction (MM/DD/YYYY)

10/9/2020
(Street)

NEW YORK, NY 10167
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

7/19/2021 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 7/16/2020  C  6250000 A (1)6250000 D (2) 
Common Stock 7/16/2020  P(3)  4975000 A (3)4975000 I By MidOcean Partners V, L.P. (4)
Common Stock 7/16/2020  P(5)  25000 A (5)25000 I By MidOcean Partners V Executive, L.P. (6)
Common Stock 7/16/2020  P(7)  1100000 A$10 6075000 I By MidOcean Partners V, L.P. (4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B ordinary shares  (1)8/21/2020  P (8)  7187500     (1) (1)Common Stock (1)7187500  (8)7187500 D (2) 
Warrants to purchase Common Stock $11.50 10/9/2020  P (9)  4666667    10/9/2021 (9)7/16/2026 (9)Common Stock (9)4666667 $1.50 4666667 D (2) 
Class B ordinary shares  (1)11/23/2020  J (10)    937500   (1) (1)Common Stock (1)937500  (10)6250000 D (2) 
Class B ordinary shares  (1)7/16/2021  C     6250000   (1) (1)Common Stock (1)6250000  (1)0 D (2) 
Warrants to purchase Common Stock $11.50 7/16/2021  P (3)  1658333    10/9/2021 (3)7/16/2026 (3)Common Stock (3)1658333  (3)1658333 I By MidOcean Partners V, L.P. (4)
Warrants to purchase Common Stock $11.50 7/16/2021  P (5)  8333    10/9/2021 (3)7/16/2026 (3)Common Stock (3)8333  (5)8333 I By MidOcean Partners V Executive, L.P. (6)

Explanation of Responses:
(1) As described in the registration statement on Form S-1 (File No. 333-248899) filed by the issuer (the "Form S-1"), under the heading "Description of Securities," the issuer's Class B ordinary shares were automatically convertible into the issuer's Class A ordinary shares at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and had no expiration date. The issuer consummated its initial business combination on July 16, 2021, whereby, among other things, (i) Class B ordinary shares automatically converted into Class A ordinary shares on a one-for-one basis and (ii) the issuer redomesticated as a Cayman Islands company to a Delaware corporation and in connection therewith the Class A ordinary shares were redesignated as Common Stock.
(2) Empower Sponsor Holdings LLC ("Sponsor") is the record holder of the securities reported. The managing member of the Sponsor is MidOcean Associates V, L.P. The general partner of MidOcean Associates V, L.P. is Ultramar Capital, Ltd., which is controlled by James Edward Virtue. Each of MidOcean Associates V, L.P., Ultramar Capital, Ltd. and Mr. Virtue disclaim beneficial ownership of the securities held of record by any other person except to the extent of their respective pecuniary interests therein.
(3) On July 16, 2021, MidOcean Partners V, L.P. ("Partners") acquired 4,975,000 units of the issuer, comprising 4,975,000 shares of Common Stock and 1,658,333 public warrants (the "FPA Public Warrants") in a private placement at a purchase price of $10.00 per unit (the "A&R FPA"). Upon consummation of the business combination, which closed on July 16, 2021, the units were separated into the underlying Common Stock and FPA Public Warrants. The FPA Public Warrants become exercisable at any time commencing on the later of one year from the closing of the issuer's initial public offering, which occurred on October 9, 2020, and 30 days after the completion of issuer's initial business combination, which closed on July 16, 2021, and expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Each FPA Public Warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, subject to adjustment.
(4) Partners is the record holder of the securities reported. The general partner of Partners is MidOcean Associates V, L.P. The general partner of MidOcean Associates V, L.P. is Ultramar Capital, Ltd., which is controlled by James Edward Virtue. Each of MidOcean Associates V, L.P., Ultramar Capital, Ltd. and Mr. Virtue disclaim beneficial ownership of the securities held of record by any other person except to the extent of their respective pecuniary interests therein.
(5) On July 16, 2021, MidOcean Partners V Executive, L.P. ("Executive") acquired 25,000 units of issuer, comprising 25,000 shares of Common Stock and 8,333 FPA Public Warrants at a purchase price of $10.00 per unit pursuant to the A&R FPA. Upon consummation of the business combination, which closed on July 16, 2021, the units were separated into the underlying Common Stock and FPA Public Warrants. The FPA Public Warrants become exercisable at any time commencing on the later of one year from the closing of the issuer's initial public offering, which occurred on October 9, 2020, and 30 days after the completion of issuer's initial business combination, which closed on July 16, 2021, and expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. Each FPA Public Warrant is exercisable for one share of Common Stock at an exercise price of $11.50 per share, subject to adjustment.
(6) Executive is the record holder of the securities reported. The general partner of Executive is MidOcean Associates V, L.P. The general partner of MidOcean Associates V, L.P. is Ultramar Capital, Ltd., which is controlled by James Edward Virtue. Each of MidOcean Associates V, L.P., Ultramar Capital, Ltd. and Mr. Virtue disclaim beneficial ownership of the securities held of record by any other person except to the extent of their respective pecuniary interests therein.
(7) On July 16, 2021, Partners acquired 1,100,000 shares of Common Stock in a private placement separate from the securities acquired pursuant to the A&R FPA discussed in footnote 3.
(8) Pursuant to that certain Securities Subscription Agreement, dated August 21, 2020, by and between the issuer and Sponsor (as filed as exhibit 10.6 to the Form S-1), 7,187,500 Class B ordinary shares were issued to Sponsor for an aggregate capital contribution of $25,000.
(9) On October 9, 2020, substantially concurrent with the consummation of the issuer's initial public offering, Sponsor acquired 4,666,667 private placement warrants of issuer (the "Private Placement Warrants") each exercisable for a Class A ordinary share at an exercise price of $11.50 per share, subject to adjustment. Upon consummation of the issuer's initial business combination described in footnote 1, the terms of the Private Placement Warrants were automatically amended to represent a right to acquire an equivalent number of shares of Common Stock of the issuer at an exercise price of $11.50 per share, subject to adjustment. The Private Placement Warrants become exercisable at any time commencing on the later of one year from the closing of the issuer's initial public offering, which occurred on October 9, 2020, and 30 days after the completion of issuer's initial business combination, which closed on July 16, 2021, and expire five years after the completion of the initial business
(10) The Sponsor forfeited the securities reported for no consideration in connection with the underwriters' election to not exercise their over-allotment option granted to the underwriters in connection with the issuer's initial public offering.

Remarks:
This amendment to the Statement of Changes of Beneficial Ownership on Form 4, filed with the Securities and Exchange Commission on July 19, 2021 (the "Original Filing"), is being filed solely to include additional information inadvertently omitted with respect to the acquisitions of securities on July 16, 2021, as set forth herein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Empower Sponsor Holdings LLC
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X

MidOcean Partners V, L.P.
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X

MIDOCEAN PARTNERS V EXECUTIVE, L.P.
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X

MIDOCEAN ASSOCIATES V, L.P.
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X

ULTRAMAR CAPITAL LTD
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X

VIRTUE J EDWARD
C/O MIDOCEAN PARTNERS
245 PARK AVE., 38TH FLOOR
NEW YORK, NY 10167

X


Signatures
/s/ Andrew Spring, Chief Financial Officer for Empower Sponsor Holdings LLC8/8/2022
**Signature of Reporting PersonDate

/s/ Andrew Spring, Managing Director of GP for MidOcean Partners V, L.P.8/8/2022
**Signature of Reporting PersonDate

/s/ Andrew Spring, Managing Director of GP for MidOcean Partners V Executive, L.P.8/8/2022
**Signature of Reporting PersonDate

/s/ Andrew Spring, Managing Director for MidOcean Associates V, L.P.8/8/2022
**Signature of Reporting PersonDate

/s/ James Edward Virtue, Chief Executive Officer for Ultramar Capital, Ltd.8/8/2022
**Signature of Reporting PersonDate

/s/ James Edward Virtue8/8/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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