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)

8/5/2022
(Street)

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

 
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 8/5/2022  J(1)  6250000 D$0 0 D  
Common Stock 8/5/2022  J(1)  4170294 A$0 10245294 I By MidOcean Partners V, L.P. (2)
Common Stock 8/5/2022  J(1)  20956 A$0 45956 I By MidOcean Partners V Executive, L.P. (3)
Common Stock 8/5/2022  J(4)  5500 D$0 10239794 I By MidOcean Partners V, L.P. (2)
Common Stock 8/5/2022  J(4)  5500 A$0 51456 I By MidOcean Partners V Executive, L.P. (3)

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
Warrants to purchase Common Stock $11.50 8/5/2022  J (1)    4666667  10/9/2021 7/16/2026 Common Stock 4666667 $0 0 D  
Warrants to purchase Common Stock $11.50 8/5/2022  J (1)  3980001    10/9/2021 7/16/2026 Common Stock 3980001 $0 3980001 I By MidOcean Partners V, L.P. (2)
Warrants to purchase Common Stock $11.50 8/5/2022  J (1)  20000    10/9/2021 7/16/2026 Common Stock 20000 $0 20000 I By MidOcean Partners V Executive, L.P. (3)

Explanation of Responses:
(1) On August 5, 2022, Empower Sponsor Holdings LLC ("Sponsor") effectuated a distribution of its 6,250,000 shares of common stock, par value $0.0001 per share (the "Common Stock") of Holley Inc. (the "Issuer") and 4,666,667 warrants to purchase Common Stock (the "Distribution"). As part of the Distribution, (i) 4,170,294 and 20,956 shares of Common Stock were distributed to MidOcean Partners V, L.P. ("MidOcean Partners") and MidOcean Partners V Executive, L.P. ("MidOcean Executive"), respectively, and (ii) 3,980,001 and 20,000 warrants to purchase Common Stock were distributed to MidOcean Partners and MidOcean Executive, respectively. The remaining shares of Common Stock and warrants previously held by Sponsor were distributed to the other members of Sponsor. Following the Distribution, Sponsor no longer beneficially owned any Issuer securities.
(2) MidOcean Partners is the record holder of the securities reported. The general partner of MidOcean Partners is MidOcean Associates V, L.P. ("MidOcean Associates"). The general partner of MidOcean Associates is Ultramar Capital, Ltd. ("Ultramar"), which is controlled by James Edward Virtue. Each of MidOcean Associates, Ultramar 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) MidOCean Executive is the record holder of the securities reported. The general partner of MidOcean Executives is MidOcean Associates. The general partner of MidOcean Associates is Ultramar, which is controlled by Mr. Virtue. Each of MidOcean Associates, Ultramar 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.
(4) On August 5, 2022, MidOcean Partners transferred 5,500 shares of Common Stock to MidOcean Executive.

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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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