# EDGAR Filing Document

**Accession Number:** 0001828161
**File Stem:** 0001104659-23-009308
**Filing Date:** 2023-2
**Character Count:** 17177
**Document Hash:** 36307138e57efcec95bdd2e4323c66dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-009308.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001104659-23-009308

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**GROUP MEMBERS**: SOUTH CONE INVESTMENTS LIMITED PARTNERSHIP

**GROUP MEMBERS**: SOUTH LAKE MANAGEMENT LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FTC Solar, Inc.
- **CENTRAL INDEX KEY:** 0001828161
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **IRS NUMBER:** 814816270
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93538
- **FILM NUMBER:** 23577430

**BUSINESS ADDRESS:**
- **STREET 1:** 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78759
- **BUSINESS PHONE:** (907) 312-0717

**MAIL ADDRESS:**
- **STREET 1:** 9020 N CAPITAL OF TEXAS HWY, SUITE I-260
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78759
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** South Lake One LLC
- **CENTRAL INDEX KEY:** 0001794292
- **IRS NUMBER:** 371948818
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 250 WEST 55TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 56227989600

**MAIL ADDRESS:**
- **STREET 1:** 250 WEST 55TH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** South Lake One, LLC
- **DATE OF NAME CHANGE:** 20191115

**UNITED STATES <br> SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

(Amendment No. 1)\*

 FTC Solar, Inc.<br>

(Name of Issuer)

Common Stock, par value $0.0001 per share<br>

(Title of Class of Securities)

30320C103<br>

(CUSIP Number)

December 31, 2022<br>

(Date of Event Which Requires Filing of this Statement)

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

◻ Rule 13d-1(b)

⌧ Rule 13d-1(c)

◻ 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).

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No. 30320C103** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13G** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Lake One LLC** | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Lake One LLC** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | &nbsp;&nbsp;(a) ◻<br> (b) ◻<br>|
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Delaware** | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Delaware** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;5 | &nbsp;&nbsp; SOLE VOTING POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;6 | &nbsp;&nbsp; SHARED VOTING POWER<br>**0** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>**0** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**14,867,592** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>|
| &nbsp;&nbsp;11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**14.16%** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>**OO** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No. 30320C103** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13G** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Cone Investments Limited Partnership** | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Cone Investments Limited Partnership** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | &nbsp;&nbsp;(a) ◻<br> (b) ◻<br>|
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Canada** | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Canada** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;5 | &nbsp;&nbsp; SOLE VOTING POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;6 | &nbsp;&nbsp; SHARED VOTING POWER<br>**0** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>**0** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**14,867,592** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>|
| &nbsp;&nbsp;11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**14.16%** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>**PN** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;**CUSIP No. 30320C103** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13G** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Lake Management LLC** | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br>**South Lake Management LLC** |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | &nbsp;&nbsp;(a) ◻<br> (b) ◻<br>|
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC USE ONLY | &nbsp;&nbsp;SEC USE ONLY |
| &nbsp;&nbsp;4 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Delaware** | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br>**Delaware** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;5 | &nbsp;&nbsp; SOLE VOTING POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;6 | &nbsp;&nbsp; SHARED VOTING POWER<br>**0** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;7 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br>**14,867,592** |
| &nbsp;&nbsp; **NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | &nbsp;&nbsp;8 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br>**0** |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;9 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>**14,867,592** |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)<br>|
| &nbsp;&nbsp;11 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>**14.16%** |
| &nbsp;&nbsp;12 | &nbsp;&nbsp; TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<br>**OO** |

---

**Item 1.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Name of Issuer</u>: FTC Solar, Inc. (the " <u>Issuer</u> ")

&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Address of Issuer's Principal Executive Offices</u>: 9020 N Capital of Texas Hwy, Suite I-260, Austin, Texas 78759

 **Item 2.**

&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Name of Person Filing</u> This statement is being filed on behalf of the following (collectively, the
 " <u>Reporting Persons</u> "): (i) South Lake One LLC (" <u>South Lake One</u> "); (ii) South Cone Investments Limited
Partnership (" <u>South Cone</u> "), and (iii) South Lake Management LLC (" <u>South Lake Management</u> ").

South Lake Management is controlled and managed by the Class A and Class B members of its Board of Managers whereby no member of the Board of Manager has direct or indirect control of South Lake Management, and no member of South Lake Management individually has the power to control South Lake Management or replace its Board of Managers. South Lake Management directly controls South Cone as its general partner with the power to manage South Cone. South Cone directly owns 100% of the issued and outstanding membership interest of South Lake One. South Lake One is managed by the Class A and Class B members its Board of Managers whereby no member of the Board of Manager has direct or indirect control of South Lake One. South Cone, as the sole member of South Lake One, has the power to control South Lake One and replace its Board of Managers.

&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Address of Principal Business Office or, if none, Residence</u>:

The principal business address of each Reporting Person is:

5711 Pdte. Riesco, office No. 1603

Las Condes, Santiago

Chile

&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Citizenship</u>: South Lake One is organized under the laws of the State of Delaware. South Cone is
a limited partnership organized under the laws of Ontario, Canada. South Lake Management is a limited liability company organized under
the laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Title of Class of Securities</u>: Common Stock, par value $0.0001 per share.

&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>CUSIP Number</u>: 30320C103

**Item 3.**

Not applicable.

**Item 4.** **Ownership:**

The information required by Items 4(a)-4(c) is set forth in Rows 5-11 of the cover page for South Lake and is incorporated herein by reference.

South Lake One directly holds an aggregate of 14,867,592 shares of Common Stock of the Issuer, representing 14.16% of the issued and outstanding shares of Common Stock of the Issuer.

South Cone indirectly holds an aggregate of 14,867,592 shares of Common Stock of the Issuer, representing 14.16% of the issued and outstanding shares of Common Stock of the Issuer.

South Lake Management indirectly holds an aggregate of 14,867,592 shares of Common Stock of the Issuer, representing 14.16% of the issued and outstanding shares of Common Stock of the Issuer.

The shares of Common Stock owned by the Reporting Persons as a percentage of the outstanding shares of Common Stock of the Issuer presented in this Statement is based upon 105,032,588 shares of the Issuer's Common Stock outstanding as of December 31, 2022, which was provided by the Issuer.

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

Not applicable.

**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:**

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, other than activities solely in connection with a nomination under § 240.14a-11.

**SIGNATURES**

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Date: February 1, 2023

---

| | |
|:---|:---|
| **South Lake One LLC** | **South Lake One LLC** |
| By: | /s/ Isidoro Quiroga Cortés |
| Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
| Title: Manager | Title: Manager |
| By: | /s/ Luis Felipe Correa González |
| Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
| Title: Manager | Title: Manager |

---

---

| | | |
|:---|:---|:---|
| **South Cone Investments Limited Partnership** | **South Cone Investments Limited Partnership** | **South Cone Investments Limited Partnership** |
| **By** | **South Lake Management LLC,** | **South Lake Management LLC,** |
|  | **as General Partner** | **as General Partner** |
|  | By: | /s/ Isidoro Quiroga Cortés |
|  | Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
|  | Title: Manager | Title: Manager |
|  | By: | /s/ Luis Felipe Correa González |
|  | Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
|  | Title: Manager | Title: Manager |
| **South Lake Management LLC** | **South Lake Management LLC** | **South Lake Management LLC** |
| By: | /s/ Isidoro Quiroga Cortés | /s/ Isidoro Quiroga Cortés |
| Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
| Title: Manager | Title: Manager | Title: Manager |
| By: | /s/ Luis Felipe Correa González | /s/ Luis Felipe Correa González |
| Name: Luis Felipe Correa González | Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
| Title: Manager | Title: Manager | Title: Manager |

---

## Exhibit 99.1

**<u>Exhibit 99.1</u>**

**JOINT FILING AGREEMENT**

The undersigned hereby agree that the Statement on Schedule 13G filed herewith (and any amendments thereto), relating to the Common Stock of FTC Solar, Inc., a Delaware corporation, is being filed jointly with the Securities and Exchange Commission pursuant to Rule 13d-1(c) under the Securities Exchange Act of 1934, as amended, on behalf of each of the undersigned.

This Agreement may be executed in counterparts and each of such counterparts taken together shall constitute one and the same instrument.

Dated this 1<sup>st</sup> day of February, 2023.

---

| | |
|:---|:---|
| **South Lake One LLC** | **South Lake One LLC** |
| By: | /s/ Isidoro Quiroga Cortés |
| Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
| Title: Manager | Title: Manager |
| By: | /s/ Luis Felipe Correa González |
| Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
| Title: Manager | Title: Manager |

---

---

| | | |
|:---|:---|:---|
| **South Cone Investments Limited Partnership** | **South Cone Investments Limited Partnership** | **South Cone Investments Limited Partnership** |
| **By** | **South Lake Management LLC,** | **South Lake Management LLC,** |
|  | **as General Partner** | **as General Partner** |
|  | By: | /s/ Isidoro Quiroga Cortés |
|  | Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
|  | Title: Manager | Title: Manager |
|  | By: | /s/ Luis Felipe Correa González |
|  | Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
|  | Title: Manager | Title: Manager |
| **South Lake Management LLC** | **South Lake Management LLC** | **South Lake Management LLC** |
| By: | /s/ Isidoro Quiroga Cortés | /s/ Isidoro Quiroga Cortés |
| Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés | Name: Isidoro Quiroga Cortés |
| Title: Manager | Title: Manager | Title: Manager |
| By: | /s/ Luis Felipe Correa González | /s/ Luis Felipe Correa González |
| Name: Luis Felipe Correa González | Name: Luis Felipe Correa González | Name: Luis Felipe Correa González |
| Title: Manager | Title: Manager | Title: Manager |

---