Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On August 18, 2022, Rajeev Misra voluntarily resigned as Chief Executive
Officer, Chairman and member of the Board of Directors (the "Board") of SVF
Investment Corp. (the "Company"), effective immediately. The resignation of
Mr. Misra was not due to any disagreements with the Company on any matter
relating to the Company's operations, policies or practices. In addition, on
August 18, 2022, the Board decreased its size from five to four directors in
response to the resignation of Mr. Misra.
Also, on August 18, 2022, the Board appointed Navneet Govil to serve as Chief
Executive Officer of the Company. Mr. Govil has served as a member of the Board
and the Chief Financial Officer of the Company since the Company's initial
public offering on January 7, 2021. There are no arrangements or understandings
between Mr. Govil and any other persons pursuant to which Mr. Govil was
appointed as Chief Executive Officer of the Company. Mr. Govil previously
executed the Company's standard form of indemnity agreement for directors and
officers and a joinder to the letter agreement, dated January 7, 2021, by and
among the Company, SVF Sponsor LLC (the "Sponsor") and each of the Company's
officers and directors. In addition, Mr. Govil controls the Sponsor, which is
party to the following agreements:
• Private Placement Warrants Purchase Agreement, dated January 7, 2021, between
the Company and the Sponsor;
• Registration and Shareholder Rights Agreement, dated January 7, 2021, by and
among the Company and the Sponsor; and
• Administrative Services Agreement, dated January 7, 2021, between the Company
and the Sponsor.
A description of each of the foregoing agreements can be found in the Company's
Current Report on Form 8-K, filed on January 13, 2021.
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
SVF INVESTMENT CORP. 
