FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL
OMB Number:3235-0104
Expires:02/28/2011
Estimated average burden
hours per response0.5

1. Name and Address of Reporting Person *

SOROS FUND MANAGEMENT LLC

2. Date of Event Requiring Statement (Month/Day/Year)

12/13/2021

3. Issuer Name and Ticker or Trading Symbol

Bowlero Corp. [BOWL]
(Last)
(First)
(Middle)


250 WEST 55TH STREET, FLOOR 29, 

4. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Remarks

5. If Amendment, Date Original Filed (Month/Day/Year)

(Street)

NEW YORK, NY 10019
(City)
(State)
(Zip)

6. Individual or Joint/Group Filing

(Check applicable line)

_____ Form Filed by One Reporting Person
__X__ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)

2. Amount of Securities Beneficially Owned (Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership (Instr. 5)

Class A Common stock, par value $0.0001 per share

2,900,000
I

See footnote (1)



Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)

2. Date Exercisable and Expiration Date (Month/Day/Year)

3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)

4. Conversion or Exercise Price of Derivative Security

5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)

6. Nature of Indirect Beneficial Ownership (Instr. 5)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares





Reporting Owners
Reporting Owner Name / AddressRelationships
Director10% OwnerOfficerOther

SOROS FUND MANAGEMENT LLC
250 WEST 55TH STREET, FLOOR 29
NEW YORK, NY 10019

  X See Remarks

SOROS GEORGE
C/O SOROS FUND MANAGEMENT LLC
250 WEST 55TH STREET, FLOOR 29
NEW YORK, NY 10019

  X  

Explanation of Responses:

Soros Fund Management LLC ("SFM LLC") serves as investment manager to certain funds/accounts (the "Accounts"). As such, SFM LLC has been granted investment discretion over portfolio investments, including the Class A Common Stock, held for the Accounts. George Soros serves as Chairman of SFM LLC and has sole discretion to replace FPR Manager LLC, the Manager of SFM LLC. The filing of this statement shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

Remarks:

Upon consummation of the Company's business combination, the Reporting Persons' beneficial ownership was diluted to less than 10% of the Class A Common Stock. The Power of Attorney dated as of August 20, 2021 executed by Maryann Canfield as Attorney-in-Fact for George Soros authorizing John DeSisto to sign and file this form on George Soros' behalf is attached hereto as Exhibit 24.1



Signatures

Soros Fund Management LLC, By: /s/ John DeSisto, its Assistant General Counsel

12/16/2021

/s/ George Soros, By: John DeSisto, its Attorney-in-Fact

12/16/2021
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENT, that I, GEORGE SOROS, hereby make, constitute and appoint each of MICHAEL ADAMS, JOHN DESISTO, MICHAEL FLYNN and SARAH R. MOROS, acting individually, as my agent and attorney-in-fact for the purpose of executing in my name, (a) in my personal capacity or (b) in my capacity as Chairman of, member of or in other capacities with Soros Fund Management LLC ("SFM LLC") and each of its affiliates or entities advised by me or SFM LLC, all documents, certificates, instruments, statements, filings and agreements ("documents") to be filed with or delivered to any foreign or domestic governmental or regulatory body or required or requested by any other person or entity pursuant to any legal or regulatory requirement relating to the acquisition, ownership, management or disposition of securities, futures contracts or other investments, and any other documents relating or ancillary thereto, including without limitation all documents relating to filings with the Commodities Futures Trading Commission and National Futures Association, the United States Securities and Exchange Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of 1934 (the "Act") and the rules and regulations promulgated thereunder, including all documents relating to the beneficial ownership of securities required to be filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any information statements on Form 13F required to be filed with the SEC pursuant to Section 13(f) of the Act.

All past acts of these attorneys-in-fact in furtherance of the foregoing are hereby ratified and confirmed.

Execution of this power of attorney revokes that certain Power of Attorney dated as of the 11th day of February, 2020 with respect to the same matters addressed above.

This power of attorney shall be valid from the date hereof until revoked by me.

IN WITNESS WHEREOF, I have executed this instrument as of the 20th day of August, 2021.

 

GEORGE SOROS    
     
     
By: /s/ Maryann Canfield    

Name: Maryann Canfield

Title: Attorney-in-Fact for George Soros