SEC Form SC 13D/A filed by Nouveau Monde Graphite Inc. (Amendment)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

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 Rule 13d-1(e), Rule 13d-1(f) or Rule 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 section 240.13d-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 other subject to the liabilities of that section of Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 66979W842

CUSIP No. 66979W842

CUSIP No. 66979W842

Explanatory Note

Pursuant to Rule 13d-2 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), this Amendment No. 2 to the Schedule 13D (as defined below) (this “Amendment No. 2”) amends and supplements certain items of the Schedule 13D related to the common shares, no par value (the “Common Shares”) of Nouveau Monde Graphite Inc. (“NMG”), a corporation existing under the federal laws of Canada, filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 1, 2022 (the “Original Schedule 13D”), as amended by the First Amendment to the Original Schedule 13D, dated as of November 15, 2022 (“the Amendment No. 1”) and as further amended by this Amendment No. 2 (together with the Original Schedule 13D and the Amendment No.1, the “Schedule 13D”). Except as set forth below, all items of the Amendment No. 1 remain unchanged. All capitalized terms contained but not otherwise defined herein shall have the meanings ascribed to such terms in the Amendment No. 1.

Item 4. Purpose of Transaction.

Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:

On May 2, 2024, Pallinghurst Bond purchased 6,250,000 Common Shares and 6,250,000 Warrants from NMG, on a private placement basis, at an aggregate subscription price of US$12.5 million (the “Investment”), the proceeds of which were then used by NMG to repurchase the Convertible Note from Pallinghurst Bond. Pallinghurst Bond also received 526,348 fully paid Common Shares of NMG in settlement of accrued interest on the Convertible Note. The Investment occurred in accordance with terms of the subscription agreement, dated February 14, 2024, between NMG and Pallinghurst Bond (the “Subscription Agreement”), which was subject to the satisfaction of certain material closing conditions on May 2, 2024. Certain other investors also purchased Common Shares and Warrants from NMG on the same day pursuant to separate agreements.

Each Warrant entitles the holder thereof to acquire one Common Share of NMG at a price of $2.38 in connection with a Tranche 2 investment at the final investment decision, or earlier if the Issuer were to issue an acceleration notice, in each case in accordance with their terms.

Item 5. Interest in Securities of the Issuer.

Item 5 of the Schedule 13D is hereby amended and restated as follows:

(a)-(b)

Except as disclosed in this Schedule 13D, none of the Reporting Persons, or, to the best of the Reporting Persons’ knowledge, any of the Covered Individuals, beneficially owns any Common Shares of NMG or has the right to acquire any Common Shares of NMG, and none of the Reporting Persons, or, to the best of the Reporting Persons’ knowledge, any of the Covered Individuals, presently has the power to vote or to direct the vote or to dispose or direct the disposition of any of the Common Shares of NMG that they may be deemed to beneficially own.

(c) Mr. Frandsen and Mr. Willis were granted 40,000 and 22,500 stock options, respectively, on April 5, 2024, which are currently exercisable into Common Shares. Except as described herein, none of the Reporting Persons or, to the best of their knowledge, any of the Covered Individuals, has effected any transaction in the Common Shares of NMG during the past 60 days.

(d) To the best knowledge of the Reporting Persons, no one other than the Reporting Persons and their respective affiliates has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares reported herein as beneficially owned by the Reporting Persons.

(e) Not applicable.

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 of the Schedule 13D is hereby amended and supplemented by adding the following:

Subscription Agreement

The information in Item 4 with respect to the Subscription Agreement is incorporated by reference herein to the extent applicable.

The description of the Subscription Agreement is qualified in its entirety by reference to the full text of the Subscription Agreement, a copy of which is filed herewith as Exhibit 7.3 and incorporated herein by reference.

Warrant

The information in Item 4 with respect to the Warrants is incorporated by reference herein to the extent applicable. The description of the Warrants is qualified in its entirety by reference to the full text of the form thereof, a copy of which is filed herewith as Exhibit 7.4 and incorporated herein by reference.

Registration Rights Agreement

In connection with the completion of the Investment, Pallinghurst Bond and NMG entered into a registration rights agreement, dated May 2, 2023 (the “Registration Rights Agreement”), pursuant to which NMG agreed to register for resale the Common Shares and Common Shares underlying the Warrants held by Pallinghurst Bond (the “Registerable Securities”). Under the Registration Rights Agreement, NMG has agreed to use its commercially reasonable efforts to file a registration statement in compliance with U.S. securities laws and a prospectus in compliance with applicable Canadian securities laws covering the resale of the Registerable Securities within 30 days following the request made by a notice in writing by Pallinghurst Bond to NMG, for so long as Pallinghurst Bond and its affiliates collectively own, directly or indirectly, 10% or more of the issued and outstanding Common Shares of MNG on the relevant date, excluding any pending top-up securities and any voting or equity shares issuable upon the exercise or conversion of any convertible securities. NMG has agreed to keep such registration statement continuously effective during the applicable period and comply in all material respects with the provisions in the United States Securities Act of 1933, as amended, with respect to the disposition of all securities covered by such registration statement. The Registration Rights Agreement also grants customary piggyback registration rights to Pallinghurst Bond. NMG has agreed to be responsible for all fees and expenses incurred in connection with the registration of the Registerable Securities.

The description of the Registration Rights Agreement is qualified in its entirety by reference to the full text of the form thereof, a copy of which is filed herewith as Exhibit 7.5 and incorporated herein by reference.

Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and restated as follows:

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.

10