Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend]
31 Octobre 2023 - 10:00PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Ivanhoe Electric Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
46578C108
(CUSIP Number)
Avner Bengera
Baker Botts L.L.P.
30 Rockefeller Plaza
New York, New York 10112
(212) 408-2500
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
October 31, 2023
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously
filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨
Note. Schedules filed in
paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
*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 disclosures provided in a prior cover page.
The information required on 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)
|
|
CUSIP
No. 46578C108 |
|
1. |
Names of Reporting
Person
Saudi Arabian Mining Company (Ma’aden) |
|
2. |
Check
the Appropriate Box if a Member of a Group (See Instructions) |
|
|
(a) |
¨ |
|
|
(b) |
x |
|
3. |
SEC
Use Only |
|
4. |
Source of Funds
(See Instructions)
WC |
|
5. |
Check
if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) ¨ |
|
6. |
Citizenship
or Place of Organization Kingdom of Saudi Arabia |
Number
of
Shares
Beneficially
Owned by
Each
Reporting
Person With: |
7. |
Sole
Voting Power
11,783,254 |
8. |
Shared Voting Power
N/A |
9. |
Sole Dispositive Power
11,783,254 |
10. |
Shared Dispositive Power
N/A |
|
11. |
Aggregate Amount
Beneficially Owned by the Reporting Person
11,783,254 |
|
12. |
Check
if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) ¨ |
|
13. |
Percent of Class Represented
by Amount in Row (11)
9.9%* |
|
14. |
Type of Reporting Person (See
Instructions) CO |
* Percentage
is based on the sum of 117,524,115
outstanding Shares (as defined below), as set forth in the representations and warranties made by the Issuer for the benefit of the Reporting
Person in the Top-Up Subscription Agreement, and 1,513,650 Shares acquired by the Reporting Person pursuant thereto, as described
in Item 4 below (collectively, the “Outstanding Shares”).
The following constitutes Amendment No. 3
(“Amendment No. 3”) to the Schedule 13D originally filed on July 17, 2023 (the “Schedule 13D”), as amended
by Amendment No. 1, filed on October 16, 2023, and Amendment No. 2, filed on October 23, 2023 (the Schedule 13D as so amended, the “Amended
Schedule 13D”) with the Securities and Exchange Commission by Saudi Arabian Mining Company (Ma’aden) (the “Reporting
Person”) with respect to shares of common stock, par value $0.0001 per share (the “Shares”),
of Ivanhoe Electric Inc., a Delaware corporation (the “Issuer”). This Amendment
No. 3 amends the Amended Schedule 13D as specifically set forth herein. Other than as set forth below, the Amended Schedule 13D is
unmodified. Capitalized terms not defined herein have the meanings given to such terms in the Amended Schedule 13D.
Item 3. Source and Amount of Funds
or Other Consideration
The information contained in Item 4 of this Amendment
No. 3 is incorporated by reference.
Item 4. Purpose of Transaction.
Item 4 of the Amended Schedule 13D is hereby amended
to add the following:
On October 31, 2023, the Reporting Person acquired
1,513,650 Shares at a price of $13.50 per Share from the Issuer pursuant to the Top-Up Subscription Agreement. The Reporting Person funded
the acquisition of such Shares from its generally available funds.
Item 5. Interest in Securities of the Issuer.
The information contained in paragraph (a) of
Item 5 of Schedule 13D is hereby amended and restated as follows:
| (a) | The Reporting Person owns 11,783,254 Shares, representing approximately 9.9% of the Outstanding Shares. |
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.
Date: October 31, 2023
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SAUDI ARABIAN MINING COMPANY (MA’ADEN) |
|
|
|
By: |
/s/ Louis Irvine |
|
|
Name: |
Louis Irvine |
|
|
Title: |
Executive Vice President, Finance and Chief Financial Officer |
Ivanhoe Electric (AMEX:IE)
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