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    SEC Form SC 13G filed by Altus Power Inc.

    11/20/24 6:38:55 PM ET
    $AMPS
    Electric Utilities: Central
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    SC 13G 1 encompass-amps111224.htm



     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION
    Washington, DC 20549

     

    SCHEDULE 13G

     

    Under the Securities Exchange Act of 1934

    (Amendment No. )* 



    ALTUS POWER, INC.

    (Name of Issuer)

     

    Class A common stock, par value $0.0001 per share

    (Title of Class of Securities)

     

    02217A102

    (CUSIP Number)

     

     

    November 12, 2024
    (Date of Event Which Requires Filing of this Statement)

     

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     

    o Rule 13d-1(b)

    x Rule 13d-1(c)

    o Rule 13d-1(d)

     

     

    *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 the disclosures provided in a prior cover page.

     

    The information required in 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.  02217A102
     SCHEDULE 13G
    Page 2 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Encompass Capital Advisors LLC
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) x
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    Delaware
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    8,033,578
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    8,033,578
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    8,033,578
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.02%
    12
    TYPE OF REPORTING PERSON
     
    IA

     


     

    CUSIP No.  02217A102
     SCHEDULE 13G
    Page 3 of 8 Pages

     

             
    1
    NAME OF REPORTING PERSONS
     
    Todd J. Kantor
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) o
    (b) x
     
    3
    SEC USE ONLY
     
     
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
    United States
    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY
    EACH
    REPORTING
    PERSON
    WITH
    5
    SOLE VOTING POWER
     
    0
    6
    SHARED VOTING POWER
     
    8,033,578
    7
    SOLE DISPOSITIVE POWER
     
    0
    8
    SHARED DISPOSITIVE POWER
     
    8,033,578
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
    8,033,578
    10
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
     
     
    o
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
    5.02%
    12
    TYPE OF REPORTING PERSON
     
    IN, HC

     

    CUSIP No.  02217A102
     SCHEDULE 13G
    Page 4 of 8 Pages

     

    Item 1.(a) Name of Issuer

    ALTUS POWER, INC.

    (b) Address of Issuer’s Principal Executive Offices

    2200 Atlantic Street, Sixth Floor

    Stamford, CT 06902

    Item 2.(a) Name of Person Filing

    This statement is being filed by Encompass Capital Advisors LLC and Todd J. Kantor.

    (b) Address of Principal Business Office, or, if none, Residence

    The address of the principal business office of Encompass Capital Advisors LLC is 200 Park Avenue, Suite 1604, New York, NY 10166.

    The address of the principal business office of Todd J. Kantor is c/o Encompass Capital Advisors LLC, 200 Park Avenue, Suite 1604, New York, NY 10166.

    (c) Citizenship

    (i) Encompass Capital Advisors LLC is a Delaware Limited Liability Company.

    (ii) Todd J. Kantor is a US citizen.

     (d) Title of Class of Securities

    Class A common stock, par value $0.0001 per share

     (e) CUSIP No.:

    02217A102

     
     

     

    CUSIP No.  02217A102
     SCHEDULE 13G
    Page 5 of 8 Pages

     

     

    Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

      (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
     
      (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
     
      (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
     
      (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
     
      (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
     
      (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
     
      (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
     
      (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
     
      (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
     
      (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
     
      (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
           
     
     

     

    CUSIP No. 02217A102
     SCHEDULE 13G
    Page 6 of 8 Pages

     

     

    Item 4. Ownership

     

    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

    Encompass Capital Advisors LLC

    (a) Amount beneficially owned: 8,033,578

    (b) Percent of class: 5.02%

    (c) Number of shares as to which the person has:

    (i)   Sole power to vote or to direct the vote: 0

    (ii)  Shared power to vote or to direct the vote: 8,033,578

    (iii) Sole power to dispose or to direct the disposition of: 0

    (iv) Shared power to dispose or to direct the disposition of: 8,033,578

     

    Todd J. Kantor

    (a) Amount beneficially owned: 8,033,578

    (b) Percent of class: 5.02%

    (c) Number of shares as to which the person has:

    (i)   Sole power to vote or to direct the vote: 0

    (ii)  Shared power to vote or to direct the vote: 8,033,578

    (iii) Sole power to dispose or to direct the disposition of: 0

    (iv) Shared power to dispose or to direct the disposition of: 8,033,578

     

    Item 5. Ownership of Five Percent or Less of a Class

     

    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

    Item 6. Ownership of More Than Five Percent on Behalf of Another Person

     

    Not Applicable.

    Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

     

    Not Applicable.

    Item 8. Identification and Classification of Members of the Group

     

    Not Applicable.

    Item 9. Notice of Dissolution of Group

     

    Not Applicable.

    Item 10. Certification

    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

     
     
    CUSIP No.  02217A102
     SCHEDULE 13G
    Page 7 of 8 Pages

     

     

    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: November 20, 2024

     

     

      Encompass Capital Advisors LLC
           
      By:   Todd J. Kantor
        Name:  Todd J. Kantor
        Title:  Managing Member

           
      By:   Todd J. Kantor
        Name:  Todd J. Kantor
     
     
    CUSIP No.  02217A102
     SCHEDULE 13G
    Page 8 of 8 Pages

     

     

    JOINT FILING AGREEMENT

     

    The undersigned hereby agree that the statement on SCHEDULE 13G with respect to the shares of Class A Common Stock of ALTUS POWER, INC., dated as of November 14, 2024 is, and any amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

     

    Date: November 20, 2024

     

     

      Encompass Capital Advisors LLC
           
      By:   Todd J. Kantor
        Name:  Todd J. Kantor
        Title:  Managing Member
           

           
      By:   Todd J. Kantor
        Name:  Todd J. Kantor

           
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