UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): ~~September~~October 207, 2019 ~~(September 16, 2019)~~

Twelve Seas Investment Company

(Exact name of registrant as specified in its charter)

Cayman Islands

001-38540

82-3667722

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

135 E. 57th St., 18th Floor

New York, New York 10022

(Address of principal executive offices, including Zip Code)

(917) 208-6200

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbols	Name of Each Exchange on Which Registered
Units, each consisting of one Ordinary Share, one Right and one Warrant	BROGU	The NASDAQ Stock Market LLC
Ordinary Shares, par value $0.0001 per share	BROG	The NASDAQ Stock Market LLC
Rights, exchangeable into one-tenth of one Ordinary Share	BROGR	The NASDAQ Stock Market LLC
Warrants, each exercisable for one Ordinary Share for $11.50 per share	BROGW	The NASDAQ Stock Market LLC

ADDITIONAL INFORMATION

Brooge Holdings Limited, a Cayman Islands exempted company (“ Pubco ”), ~~intends~~filed ~~to file~~ with the Securities and Exchange Commission (the “ SEC”) a registration statement on Form F-4 (File No. 333-233964) on September 27, 2019 (as amended, the “ Registration Statement ”), which ~~will~~included ~~include~~ a preliminary proxy statement of Twelve Seas Investment Company, a Cayman Islands exempted company (“ Twelve Seas ”), and a prospectus in connection with the proposed business combination transaction (the “ Business Combination ”) involving Twelve Seas, Pubco, ~~and~~ Brooge Petroleum And Gas Investment Company FZE, a company formed under the laws of the Fujairah Free Zone, UAE (“ BPGIC ”) and Brooge Petroleum and Gas Investment Company (BPGIC) PLC, a company formed under the laws of England and Wales (“Seller”). ~~The~~Following the effectiveness of the Registration Statement, Twelve Seas will mail a definitive proxy statement and other relevant documents ~~will be mailed~~ to its shareholders ~~of Twelve Seas~~ as of a record date to be established for voting on the Business Combination. Shareholders of Twelve Seas and other interested persons are advised to read, ~~when available,~~ the preliminary proxy statement, and amendments thereto, and the definitive proxy statement, when available, in connection with Twelve Seas’ solicitation of proxies for the special meeting to be held to approve the Business Combination because these documents contain and will contain important information about Twelve Seas, BPGIC, Pubco, Seller and the Business Combination, including the merger of Twelve Seas with a wholly-owned subsidiary of Pubco, which ~~will~~ will result in the current security holders of Twelve Seas becoming security holders of Pubco. Shareholders will also be able to obtain copies of the Registration Statement and the related proxy statement/prospectus, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to Twelve Seas by contacting its Chief Financial Officer, Stephen N. Cannon, c/o Twelve Seas Investment Company, 135 East 57th Street, 18th Floor, New York, New York 10022, or at info@twelveseascapital.com.

DISCLAIMER

This report and the exhibits hereto do not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an exemption from registration requirements.

PARTICIPANTS IN THE BUSINESS COMBINATION

Twelve Seas, Pubco, BPGIC, Seller and ~~their~~ their respective directors, executive officers, other members of management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies from the shareholders of Twelve Seas in connection with the Business Combination. Shareholders of Twelve Seas and other interested persons may obtain more information regarding the names and interests in the proposed transaction of Twelve Seas’ directors and officers in Twelve Seas’ filings with the SEC, including ~~Twelve~~in ~~Seas’~~the ~~annual~~Registration ~~report~~Statement and onin ~~Form~~the ~~10-K~~preliminary ~~for~~proxy ~~the~~statement ~~year-ended~~of ~~December~~Twelve ~~31,~~Seas ~~2018,~~ which was filed with the SEC on ~~March~~September 2927, 2019. ~~Additional~~(“Preliminary ~~information regarding the interests of such potential participants will also be included in~~Proxy ~~the Registration~~ Statement”) (and ~~will be included~~ in the ~~related~~ definitive proxy statement/, final prospectus) and other relevant documents when they are filed with the SEC.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This report contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties concerning the Business Combination, BPGIC’s and Pubco’s expected financial performance, as well as their strategic and operational plans. The actual results may differ materially from expectations, estimates and projections due to a number of risks and uncertainties and, consequently, you should not rely on these forward looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to: (1) BPGIC’s ability to obtain additional land on which it can develop additional facilities on commercially attractive terms, including its ability to enter into a final lease agreement for the plot of land in the part of Fujairah where BPGIC currently plans to locate its Phase III facilities; (2) the loss of any end-users; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of the Business Combination Agreement by and between Twelve Seas, Pubco, Brooge Merger Sub Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco, BPGIC and Seller (asthe ~~defined~~“Business Combination ~~below~~Agreement”); (24) the outcome of any legal proceedings that may be instituted against Twelve Seas, BPGIC, ~~Pubco~~ Pubco or others following announcement of the Business Combination Agreement and the transactions contemplated therein; (35) the ~~inability~~ inability to complete the transactions contemplated by the Business Combination Agreement due to the failure to obtain approval of the shareholders of Twelve Seas; (46) the inability to complete the transactions contemplated by the Business Combination Agreement due to the failure to obtain consents and approvals of BPGIC’s shareholders and investors or other relevant third parties; (57) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals required to complete the transactions contemplated by the Business Combination Agreement; (68) delays in satisfying in a timely manner the other conditions contained in the Business Combination Agreement; (79) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the transactions described herein; (810) the inability to recognize the anticipated benefits of the Business Combination; (911) the ability to obtain or maintain the listing of Pubco’s securities on NASDAQ following the Business Combination, including having the requisite number of shareholders; (1012) costs related to the Business Combination; (1113) changes in applicable laws or regulations; (1214) the possibility that BPGIC may be adversely affected by other economic, business, and/or competitive factors; and (1315) other risks and uncertainties indicated from time to time in filings with the SEC by Twelve Seas or Pubco. Readers are referred to the most recent reports filed with the SEC by Twelve Seas and Pubco. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and we undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

FOR INVESTOR AND MEDIA INQUIRIES, PLEASE CONTACT:

Investor Relations

The Equity Group Inc.

Fred Buonocore – (212) 836-9607 / fbuonocore@equityny.com

Mike Gaudreau – (212) 836-9620 / mg@equityny.com

Stephen N Cannon

Chief Financial Officer

Twelve Seas Investment Company

Email: info@twelveseascapital.com

2Item 7.01 Regulation FD.

~~Item~~Furnished ~~1.01~~as ~~Entry~~Exhibit ~~Into~~99.1 is a ~~Material~~copy ~~Definitive~~of an updated investor presentation, dated October 2019, to be used by Twelve Seas in connection with the transactions contemplated by the Business Combination Agreement.

AsThe ~~previously~~information ~~disclosed by Twelve Seas Investment Company, a Cayman Islands exempted company (“Twelve Seas”),~~ in ~~its Current Reports~~this onItem ~~Form~~7.01 ~~8-K that were filed on April 19, 2019, May 2, 2019~~ and ~~May~~Exhibit ~~13,~~99.1 ~~2019~~attached ~~with~~hereto ~~the~~shall ~~Securities~~not ~~and~~be ~~Exchange~~deemed ~~Commission (~~“~~SEC~~filed”~~), on~~ ~~April~~for ~~15,~~purposes ~~2019,~~of ~~Twelve~~Section ~~Seas~~18 ~~entered~~of ~~into a Business Combination Agreement (as amended, including by~~ the ~~letter agreement, dated~~Securities asExchange Act of ~~April 30~~1934, ~~2019 by and between Twelve Seas and BPGIC (~~as ~~defined~~amended ~~below) and the First Amendment~~ (~~as defined below),~~ the “~~Business Combination~~Exchange ~~Agreement~~Act”) ~~with Brooge Holdings Limited~~, aor ~~Cayman~~otherwise ~~Islands~~subject ~~exempted~~to company (“Pubco”), Brooge Merger Sub Limited, a Cayman Islands exempted company and a wholly-owned subsidiary of Pubco (“Merger Sub”), Brooge Petroleum And Gas Investment Company FZE, a company formed under the ~~laws~~liabilities of ~~the~~that ~~Fujairah Free Zone~~section, ~~UAE (“BPGIC”),~~ ~~and~~nor ~~Brooge~~shall ~~Petroleum~~it ~~and~~be ~~Gas~~deemed ~~Investment~~incorporated ~~Company~~by ~~(BPGIC)~~reference ~~PLC,~~in aany ~~company~~filing ~~formed~~ under the ~~laws~~Securities Act of ~~England~~1933, ~~and Wales (“Seller”) (which joined~~ as aamended, ~~party~~or to the ~~Business~~Exchange ~~Combination Agreement pursuant a joinder agreement~~Act, ~~dated May 10, 2019). Unless otherwise~~ ~~defined~~except ~~herein,~~as ~~capitalized~~expressly ~~terms~~set ~~used~~forth ~~herein~~by ~~shall~~specific ~~have~~reference ~~the meanings ascribed thereto~~ in ~~the~~such ~~Business Combination Agreement~~filing.

OnItem ~~September~~8.01 ~~16, 2019,~~Other Twelve Seas, Pubco, BPGIC and Seller entered into the First Amendment to the Business Combination Agreement (the “First Amendment”) pursuant to which the parties amended the Business Combination Agreement, effective as of September 16, 2019, in order to, among other things, provide for the following: (i) the extension of the Outside Date from “August 31, 2019” to “December 22, 2019”; (ii) the addition of a termination right exercisable by either Twelve Seas or BPGIC, if the first preliminary Registration Statement is not submitted to the SEC by or on September 30, 2019, provided that such termination right shall cease upon the submission of such preliminary Registration Statement to the SEC after September 30, 2019; and (iii) the revision of the proposed terms of the post-closing voting agreement in favor of Seller, which is to be entered into by Twelve Seas’ sponsor and certain other initial shareholders of Twelve Seas, to provide that the voting rights and restrictions thereunder shall apply to the Pubco ordinary shares and other voting securities of Pubco issuable to such shareholders upon the conversion or exercise of their (x) Founder Shares, (y) the shares comprising or underlying the units of Twelve Seas that were issued to such initial shareholders in a private placement transaction concurrently with Twelve Seas’ initial public offering and (z) the securities of Twelve Seas and Pubco that such initial shareholders acquire or agree to acquire prior to the closing of the transactions contemplated by the Business Combination AgreementEvents.

~~The~~On October 7, 2019, Twelve ~~foregoing~~Seas ~~description~~issued of a press release announcing the ~~First~~recent ~~Amendment is~~filings ~~not~~of ~~complete~~the Registration Statement and isthe ~~qualified~~Preliminary Proxy Statement with the SEC, as well as the furnishing of the updated investor presentation attached to this Current Report on Form 8-K. The press release also describes an initial lease entered into by BPGIC in July 2019 for a new plot of land near its ~~entirety~~existing byfacilities and ~~reference~~BPGIC’s tointentions for the ~~full~~use ~~text~~of such land following its entry into a final lease for Phase III of ~~the First~~its ~~Amendment~~planned expansion of its operating facilities. In addition, athe ~~copy~~press release summarizes the key terms of ~~which~~the Business Combination Agreement. A copy of the press release is ~~filed~~attached hereto as Exhibit 299.12 ~~hereto~~ and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
2.1		First Amendment to Business Combination Agreement, dated as of September 16, 2019, by and among Twelve Seas, Pubco, BPGIC and Seller.
99.1		Investor Presentation, dated October 2019
99.2		Press Release, dated October 7, 2019

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: ~~September~~October 207, 2019

	Twelve Seas Investment Company

	By:	/s/ Stephen N. Cannon
		Stephen N. Cannon
		Chief Financial Officer

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