Filing Details

Accession Number:
0001725547-23-000081
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Brightlight Capital
Company:
Polished.com Inc.
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Brightlight Capital Management 0 0 0 0 0 0%
Brightlight Capital Management (GP) 0 0 0 0 0 0%
Vadim Rubinchik 0 0 0 0 0 0%
Filing
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
SCHEDULE 13G
 
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 1)*
 

POLISHED COM INC

(Name of Issuer)
 

Common Stock, par value $0.0001

(Title of Class of Securities)
 

28252C109

(CUSIP Number)
 

December 31, 2022

(Date of event which requires filing of this statement)
 
 
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
 
x Rule 13d-1(b)
¨ Rule 13d-1(c)
¨ Rule 13d-1(d)
 
(Page 1 of 9 Pages)

 

______________________________

*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. 28252C10913GPage 2 of 9 Pages

 

1

NAMES OF REPORTING PERSONS

Brightlight Capital Management LP

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(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

0

 

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0%

12

TYPE OF REPORTING PERSON

IA

         

 

 

CUSIP No. 28252C10913GPage 3 of 9 Pages

 

1

NAMES OF REPORTING PERSONS

Brightlight Capital Management (GP) LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(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

0

 

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0%

12

TYPE OF REPORTING PERSON

HC

         

 

 

 

CUSIP No. 28252C10913GPage 4 of 9 Pages

 

1

NAMES OF REPORTING PERSONS

Vadim Rubinchik

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ¨

(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

0

 

7

SOLE DISPOSITIVE POWER

0

8

SHARED DISPOSITIVE POWER

0

 

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 

10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES ¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

0%

12

TYPE OF REPORTING PERSON

HC

         

 

CUSIP No. 28252C10913GPage 5 of 9 Pages

 

Item 1(a). NAME OF ISSUER:
   
  The name of the issuer is POLISHED COM INC (the "Company").
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
   
  The Company's principal executive offices are located at 1870 Bath Avenue, Brooklyn, NY 11214.
Item 2(a). NAME OF PERSON FILING:

 

 

This statement is filed by the entities and persons listed below, who are collectively referred to herein as "Reporting Persons," with respect to the Common Stock (as defined in Item 2(d) below) of the Company:

 

Investment Manager

 

(i)       Brightlight Capital Management LP (the "Brightlight Capital"), with respect to the shares of Common Stock held by funds to which Brightlight Capital serves as investment manager (the "Brightlight Funds").

 

Parent Holding Company/Control Person

 

(ii)       Brightlight Capital Management (GP) LLC (the "BCM GP"), with respect to the shares of Common Stock held by the Brightlight Funds.

 

(iii)       Mr. Vadim Rubinchik ("Mr. Rubinchik"), with respect to the shares of Common Stock held by the Brightlight Funds.

 

Brightlight Capital serves as the investment manager to the Brightlight Funds. Mr. Rubinchik is the Managing Member of BCM GP, the general partner of Brightlight Capital.

 

Brightlight Capital, BCM GP and Vadim Rubinchik have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.

 

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
   
  The address of the business office of each of the Reporting Persons is: 15 Myrtle Ave, #1A Westport, CT 06880
   
Item 2(c). CITIZENSHIP:
   
  Citizenship is set forth in Row 4 of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.

 

 

CUSIP No. 28252C10913GPage 6 of 9 Pages

 

Item 2(d). TITLE OF CLASS OF SECURITIES:
   
  Common Stock, par value $0.0001 (the "Common Stock")
Item 2(e). CUSIP NUMBER:
   
  28252C109

 

Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

  (a) ¨ Broker or dealer registered under Section 15 of the Act,
  (b) ¨ Bank as defined in Section 3(a)(6) of the Act,
  (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act,
  (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940,
  (e) x Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940,
  (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F),
  (g) x Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
  (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
  (i) ¨ Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
  (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J),
  (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

 

 

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please

specify the type of institution:                                                                            

 

CUSIP No. 28252C10913GPage 7 of 9 Pages

 

Item 4. OWNERSHIP.  
     
 

As of the close of business on December 31, 2022:

 

(a) Amount beneficially owned:   -0-

(b) Percent of Class:   0%

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

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

   (ii) Shared power to vote or direct the vote:   -0-

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

   (iv) Shared power to dispose or direct the disposition:   -0-

 

 
     
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: [X]
   
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.  
  See Exhibit 1.2  
     

 

CUSIP No. 28252C10913GPage 8 of 9 Pages

 

Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
  Not applicable.
   
Item 9. NOTICE OF DISSOLUTION OF GROUP.
  Not applicable.
   
Item 10. CERTIFICATION.

 

  Each of the Reporting Persons hereby makes the following certification:
   
  By signing below each Reporting Person certifies that, to the best of its 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. 28252C10913GPage 9 of 9 Pages

 

SIGNATURES

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

DATED: February 14, 2023

   
  BRIGHTLIGHT CAPITAL MANAGEMENT LP
  By: Brightlight Capital Management (GP) LLC, its General Partner
   
  By: _/s/ Frank Giancarli___________________
  Name:  Frank Giancarli
  Title:  Authorized Person
 
   
  BRIGHTLIGHT CAPITAL MANAGEMENT (GP) LLC
  By: Vadim Rubinchik, its General Partner
   
  By: _/s/ Vadim Rubinchik___________________
  Name:  Vadim Rubinchik
  Title:  Managing Member
   
  _/s/ Vadim Rubinchik______________________
  VADIM RUBINCHIK