As filed with the United States Securities and Exchange Commission on July 15, 2021

Registration No. 333-257055

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

____________________________

Amendment No. 1 to

FORM S-4
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

____________________________

D8 Holdings Corp.*

(Exact name of registrant as specified in its charter)

____________________________

Cayman Islands

 

6770

 

N/A

(State or other jurisdiction of
incorporation or organization)

 

(Primary Standard Industrial
Classification Code Number)

 

(I.R.S. Employer
Identification Number)

Unit 1008, 10/F, Champion Tower
3 Garden Road
Central, Hong Kong
+852 3973 5500

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

____________________________

Edward Truitt
Maples Fiduciary Services (Delaware) Inc.
4001 Kennett Pike, Suite 302
Wilmington, Delaware 19807
(302) 731-1612

(Name, address, including zip code and telephone number, including area code, of agent for service)

____________________________

Copies to:

Joel L. Rubinstein
Elliott Smith
White & Case LLP
1221 Avenue of the Americas
New York, New York 10020
Tel: (212) 819-8200

 

Shari Seymour
Maples and Calder
P.O. Box 309, Ugland House
Grand Cayman
KY1-1104
Cayman Islands
Tel: (345) 949-8066

 

Edwin C. Pease
Andrew D. Thorpe
Mintz, Levin, Cohn, Ferris, Glovsky and
Popeo, P.C.
One Financial Center
Boston, MA 02111
Tel: (617) 542
-6000

____________________________

Approximate date of commencement of proposed sale to the public: As soon as practicable after this registration statement becomes effective and all other conditions to the transactions contemplated by the Merger Agreement described in the included proxy statement/prospectus have been satisfied or waived.

If the securities being registered on this form are being offered in connection with the formation of a holding company and there is compliance with General Instruction G, check the following box.

If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.

If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

 

Accelerated filer

 

   

Non-accelerated filer

 

 

Smaller reporting company

 

           

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 7(a)(2)(B) of the Securities Act.

If applicable, place an X in the box to designate the appropriate rule provision relied upon in conducting this transaction:

 

Exchange Act Rule 13e-4(i)
(Cross
-Border Issuer Tender Offer)

 

 

Exchange Act Rule 14d-1(d)
(Cross
-Border Third-Party Tender Offer)

 

*         Prior to the consummation of the Business Combination described herein, the Registrant intends to effect a deregistration under Section 206 of the Cayman Islands Companies Act (As Revised) and a domestication under Section 388 of the Delaware General Corporation Law, pursuant to which the Registrant’s jurisdiction of incorporation will be changed from the Cayman Islands to the State of Delaware. All securities being registered will be issued by D8 Holdings Corp. (after its domestication as a corporation incorporated in the State of Delaware), the continuing entity following the Domestication, which will be renamed “Vicarious Surgical Inc.”.

 

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CALCULATION OF REGISTRATION FEE

Title of each class of securities to be registered

 

Amount to be Registered

 

Proposed
Maximum
Offering Price
Per Share

 

Proposed
Maximum
Aggregate
Offering Price

 

Amount of
Registration Fee

Class A common stock(1)(2)(3)

 

110,769,991

 

$

9.90

(5)

 

$

1,096,069,060.95

 

$

119,641.56

Class B common stock(2)(4)(6)

 

19,726,836

 

$

9.90

(7)

 

$

195,197,042.22

 

$

21,306.76

Class A common stock issuable upon the conversion of Class B common stock(2)(6)

 

19,726,836

 

 

 

 

 

 

 

(8)

Redeemable warrants(1)(2)(9)

 

26,150,000

 

 

 

 

 

 

 

(8)

Class A common stock issuable upon exercise of the redeemable
warrants(1)(2)(10)

 

26,150,000

 

$

11.50

 

 

$

300,725,000.00

 

$

32,809.10

Total

     

 

 

 

 

$

1,592,643,587.30

 

$

173,757.42(11)

____________

(1)      Simultaneously with the completion of the Proposed Transaction with Vicarious Surgical Inc. (“Vicarious Surgical”) described herein, the registrant, a Cayman Islands exempted company, intends to effect a deregistration under Section 206 of the Companies Act (As Revised) and a domestication under Section 388 of the Delaware General Corporation Law (the “Domestication”), pursuant to which the registrant’s jurisdiction of incorporation will be transferred by way of continuation from the Cayman Islands to the State of Delaware and the name of the registrant will be changed to “Vicarious Surgical Inc.” (“New Vicarious Surgical”).

(2)      Pursuant to Rule 416(a) of the Securities Act of 1933, as amended (the “Securities Act”), there are also being registered an indeterminable number of additional securities as may be issued to prevent dilution resulting from share splits, share dividends or similar transactions.

(3)     Based on the number of shares of Class A common stock, par value $0.0001 per share, of New Vicarious Surgical estimated to be issued in connection with the business combination described herein (the “Business Combination”). Such number of shares is based on the sum of (A) (i) 34,500,000 of Class A Ordinary Shares (including Class A Ordinary Shares included in units) issued by the registrant in its IPO registered on Form S-1 (SEC File No. 333-239503 and SEC File No. 333-239863) and (ii) 8,625,000 Class B Ordinary Shares, which Class A and Class B Ordinary Shares, as a result of the Domestication, will automatically be converted by operation of law into shares of Class A common stock and (B) 67,644,991 shares of Class A common stock to be issued as consideration in the Business Combination.

(4)     19,726,836 shares of Class B common stock, par value $0.0001 per share, of New Vicarious Surgical to be issued in connection with the Business Combination.

(5)      Estimated solely for the purpose of calculating the registration fee, based on the average of the high and low prices of the Class A Ordinary Shares on The New York Stock Exchange on June 10, 2021 (such date was within five business days prior to the date of the initial filing of this Registration Statement) in accordance with Rule 457(f)(1) under the Securities Act.

(6)      Class A common stock issuable upon the conversion of Class B common stock.

(7)      Estimated solely for the purpose of calculating the registration fee, based on the average of the high and low prices of the Class A Ordinary Shares on The New York Stock Exchange on June 10, 2021 (such date was within five business days prior to the date of the initial filing of this Registration Statement) in accordance with Rule 457(f)(1) under the Securities Act. For purposes of calculating the registration fee, the Class B common stock is treated as having the same value as the Class A common stock as each share of Class B common stock is convertible into one share of Class A common stock.

(8)      Pursuant to Rule 457(i) promulgated under the Securities Act, no separate registration fee is required.

(9)      Represents (i) 17,250,000 redeemable warrants issued by the registrant in its IPO registered on Form S-1 (SEC File No. 333-239503 and SEC File No. 333-239863) (included in the units) and (ii) 8,900,000 warrants issued by the registrant in a private placement concurrently with the IPO, which warrants altogether, as a result of the Domestication, will become warrants to acquire the same number of shares of Class A common stock of New Vicarious Surgical at the same price and on the same terms set forth in the respective warrant agreement.

(10)    Represents the number of shares of Class A common stock issuable upon exercise of warrants pursuant to their terms. Each whole warrant will entitle the warrant holder to purchase one share of Class A common stock of New Vicarious Surgical at a price of $11.50 per share.

(11)    Previously paid.

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the SEC, acting pursuant to Section 8(a), may determine.

As used in this Registration Statement, the term “Registrant” refers to the Registrant (a Cayman Islands exempted company) prior to the Domestication and to New Vicarious Surgical (a Delaware corporation) following the Domestication.

 

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The information in this proxy statement/prospectus is not complete and may be changed. D8 Holdings Corp. may not issue the securities offered by this proxy statement/prospectus until the registration statement filed with the Securities and Exchange Commission, of which this proxy statement/prospectus is a part, is declared effective. This proxy statement/prospectus does not constitute an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdiction where the offer or sale of these securities is not permitted.

PRELIMINARY — SUBJECT TO COMPLETION, DATED JULY 15, 2021

PROXY STATEMENT FOR EXTRAORDINARY GENERAL MEETING OF

D8 HOLDINGS CORP.

(A CAYMAN ISLANDS EXEMPTED COMPANY)

PROSPECTUS FOR 110,769,991 SHARES OF CLASS A COMMON STOCK,
19,726,836 SHARES OF CLASS B COMMON STOCK AND 26,150,000 WARRANTS
TO PURCHASE SHARES OF CLASS A COMMON STOCK OF

D8 HOLDINGS CORP.

(TO BE RENAMED “VICARIOUS SURGICAL INC.” FOLLOWING DOMESTICATION IN THE STATE OF DELAWARE AND IN CONNECTION WITH THE BUSINESS COMBINATION DESCRIBED HEREIN)

The board of directors of D8 Holdings Corp., a Cayman Islands exempted company (“D8”), has unanimously approved (1) the merger (the “Merger”) of Snowball Merger Sub, Inc., a Delaware corporation and a direct, wholly-owned subsidiary of D8 (“Merger Sub”), and Vicarious Surgical Inc., a Delaware corporation (“Vicarious Surgical”), pursuant to which, at the closing of the transactions contemplated by the Merger Agreement (the “Closing”), Merger Sub will merge with and into Vicarious Surgical, the separate corporate existence of Merger Sub will cease and Vicarious Surgical will be the surviving corporation pursuant to the terms of the Agreement and Plan of Merger, dated as of April 15, 2021, by and among D8, Merger Sub, Vicarious Surgical and Adam Sachs, an individual, in his capacity as the stockholder representative (the “Stockholder Representative”), attached to this proxy statement/prospectus as Annex A (as it may be amended and/or restated from time to time, the “Merger Agreement”), as more fully described elsewhere in this proxy statement/prospectus; (2) the domestication of D8 as a Delaware corporation in accordance with the Delaware General Corporation Law (“DGCL”), the Cayman Islands Companies Act (As Revised) (the “Companies Act”) and the amended and restated memorandum and articles of association of D8 (as may be amended from time to time, the “Cayman Constitutional Documents”), in which D8 will migrate to and domesticate as a Delaware corporation in accordance with Section 206 of the Companies Act and Section 388 of the DGCL (the “Domestication”) and (3) the other transactions contemplated by the Merger Agreement and documents related thereto (such transactions, together with the Merger and the Domestication, the “Proposed Transaction”). In connection with the Proposed Transaction, D8 will be renamed “Vicarious Surgical Inc.” (“New Vicarious Surgical”), and Vicarious Surgical will be renamed “VS, Inc.”.

In connection with the Domestication, (a) each of the then issued and outstanding Class B ordinary shares of D8, par value $0.0001 per share (each, a “D8 Class B Ordinary Share”), will convert automatically, on a one-for-one basis, into a Class A ordinary share of D8, par value $0.0001 per share (each, a “D8 Class A Ordinary Share” and together with the D8 Class B Ordinary Shares, the “D8 Ordinary Shares”); (ii) immediately following the conversion described in clause (i), each of the then issued and outstanding D8 Class A Ordinary Shares will convert automatically, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share, of New Vicarious Surgical (the “New Vicarious Surgical Class A Stock”), each of which will carry voting rights of one vote per share; (iii) each of the then issued and outstanding warrants to purchase one D8 Class A Ordinary Share (each, a “D8 Warrant”) will automatically become a warrant to acquire one share of New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Warrant”) pursuant to the related warrant agreement; and (iv) each of the then issued and outstanding units of D8 (the “D8 Units”) shall be separated into its component parts, consisting of one share of New Vicarious Surgical Class A Stock and one-half of one New Vicarious Surgical Warrant.

Concurrently with the Domestication and subject to satisfaction or waiver of the conditions set forth in the Merger Agreement, D8 will implement a revised dual class structure with shares of New Vicarious Surgical Class A Stock and shares of Class B common stock of New Vicarious Surgical, par value $0.0001, with the same terms as New Vicarious Surgical Class A Stock, but carrying increased voting rights in the form of 20 votes per share (the “New Vicarious Surgical Class B Stock”).

Under the Merger Agreement, D8 has agreed to acquire all of the outstanding equity interests of Vicarious Surgical for approximately $1.0 billion in aggregate consideration. The stock consideration to be issued to the then current holders of stock in Vicarious Surgical will be in the form of New Vicarious Surgical Class A Stock, except for Adam Sachs, Barry Greene and Sammy Khalifa (collectively, the “Vicarious Surgical Founders”), each of whom will be issued New Vicarious Surgical Class B Stock. Additionally, each option to purchase shares of Vicarious capital stock (each, a

 

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Vicarious Surgical Option”) that is outstanding and unexercised, whether or not then vested or exercisable, will be assumed by New Vicarious Surgical and will be converted into an option to acquire New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Option”) with the same terms and conditions as applied to the Vicarious Surgical Option immediately prior to the effective time of the Business Combination (the “Effective Time”); provided that the number of shares underlying such New Vicarious Surgical Option will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Option immediately prior to the Effective Time by a ratio determined by, with respect to each share (calculated separately for each separate class) of Vicarious Surgical capital stock, such portion of the merger consideration such share would be entitled to receive if the merger consideration was distributed to all Vicarious Surgical stockholders in accordance with the distribution and liquidation mechanics in Vicarious Surgical’s organizational documents (the “Fully Diluted Adjusted Merger Consideration”) for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Option shall be determined by dividing the per share exercise price of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded up to the nearest whole cent. Furthermore, each warrant to purchase shares of Vicarious Surgical capital stock (a “Vicarious Surgical Warrant”) that is issued and outstanding prior to the Effective Time and has not been exercised or terminated pursuant to its terms will be assumed and converted into a warrant exercisable for shares of New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Warrant”); provided that the number of shares underlying such New Vicarious Surgical Warrant will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Warrant shall be determined by dividing the per share exercise price of such Vicarious Surgical Warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded down to the nearest whole cent.

The total maximum number of shares of New Vicarious Surgical Common Stock expected to be outstanding immediately following the Closing is approximately 141,996,827 shares, assuming no redemptions, consisting of 122,269,991 shares of New Vicarious Surgical Class A Stock and 19,726,836 shares of New Vicarious Surgical Class B Stock. The New Vicarious Surgical Class A Stock is comprised of: (i) 67,644,991 shares of New Vicarious Surgical Class A Stock issued to Vicarious Surgical stockholders (other than the Vicarious Surgical Founders, who will be issued New Vicarious Surgical Class B Stock) in the Merger, (ii) 11,500,000 shares of New Vicarious Surgical Class A Stock issued in connection with the Closing to the PIPE Investors pursuant to the PIPE Investment, (iii) 8,625,000 shares of New Vicarious Surgical Class A Stock issued to the initial shareholders (which includes the Sponsor, Michael Kives, Fred Langhammer, Terry Lundgren and Robert Kirby, the “Initial Shareholders”); and (iv) 34,500,000 shares of New Vicarious Surgical Class A Stock held by public stockholders holding shares of New Vicarious Surgical Class A Stock outstanding at the Effective Time. The total number of shares of New Vicarious Surgical Class B Stock expected to be issued to the Vicarious Surgical Founders at the Closing is approximately 19,726,836 shares. In addition, New Vicarious Surgical will assume unexercised and/or unvested options and warrants to purchase approximately 12,311,767 shares of New Vicarious Surgical Class A Stock that are held by Vicarious Surgical securityholders at the Effective Time.

Vicarious Surgical stockholders are expected to hold, in the aggregate, approximately 61.5% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 55.2% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 89.4% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 85.5% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s sponsors and its affiliates are expected to hold, in the aggregate, approximately 6.1% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 9.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 1.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 3.2% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s current public security holders are expected to hold, in the aggregate, approximately 24.3% of the issued and outstanding shares of New Vicarious Surgical Common Stock

 

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immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 28.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 6.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 9.3% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. The Vicarious Surgical Founders are expected to hold approximately 76.3% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 71.1% of the combined voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions.

The D8 Units, D8 Class A Ordinary Shares and D8 Warrants are currently listed on NYSE under the symbols “DEH.U,” “DEH” and “DEH WS,” respectively. Pursuant to the terms of the Merger Agreement, as a closing condition, D8 is required to cause the New Vicarious Surgical Class A Stock to be issued in connection with the Business Combination and the PIPE Investment (as defined herein) to be approved for listing on the NYSE as of the Closing and after the Closing, New Vicarious Surgical will use commercially reasonable efforts to continue the listing for trading of the New Vicarious Surgical Class A Stock and public warrants on the NYSE. New Vicarious Surgical will not have publicly traded units following the Closing.

D8 will hold an extraordinary general meeting of its shareholders (the “extraordinary general meeting”) to consider matters relating to the Business Combination at [•], Eastern Time, on [•], 2021. For the purposes of Cayman Islands law and the Cayman Constitutional Documents, the physical location of the extraordinary general meeting will be at the offices of White & Case LLP at 1221 Avenue of the Americas, New York, New York 10020. You or your proxyholder will also be able to attend and vote at the extraordinary general meeting online by visiting [•] and using a control number assigned by Continental Stock Transfer & Trust Company (the “Transfer Agent”). To register and receive access to the extraordinary general meeting, registered shareholders and beneficial shareholders (those holding shares through a stock brokerage account or by a bank or other holder of record) will need to follow the instructions applicable to them provided in the accompanying proxy statement/prospectus.

If you have any questions or need assistance voting your shares in D8, please contact Morrow Sodali LLC, our proxy solicitor, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing DEH.info@investor.morrowsodali.com. The notice of the extraordinary general meeting and the proxy statement/prospectus relating to the Business Combination will be available at https://[•].

This proxy statement/prospectus provides shareholders of D8 with detailed information about the Business Combination and other matters to be considered at the extraordinary general meeting of D8. We encourage you to read this entire document, including the Annexes and other documents referred to herein, carefully and in their entirety. You should also carefully consider the risk factors described under the heading “Risk Factors” beginning on page 49 of this proxy statement/prospectus.

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THIS PROXY STATEMENT/PROSPECTUS, PASSED UPON THE MERITS OR FAIRNESS OF THE PROPOSED TRANSACTION OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THIS PROXY STATEMENT/PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

 

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D8 Holdings Corp. A Cayman Islands Exempted Company

(Company Number 362527)

Unit 1008, 10/F, Champion Tower
3 Garden Road
Central, Hong Kong

Dear D8 Holdings Corp. Shareholders:

You are cordially invited to attend the extraordinary general meeting (the “extraordinary general meeting”) of D8 Holdings Corp., a Cayman Islands exempted company (“D8” and, after the Domestication, as described below, “New Vicarious Surgical”), to be held virtually at [•], Eastern Time, on [•], 2021. In light of ongoing developments related to the novel coronavirus (“COVID-19”), after careful consideration, D8 has determined that the extraordinary general meeting will be a virtual meeting conducted via live webcast at [•] in order to facilitate shareholder attendance and participation while safeguarding the health and safety of our shareholders, directors and management team. For the purposes of Cayman Islands law and the amended and restated memorandum and articles of association of D8 (as may be amended from time to time, the “Cayman Constitutional Documents”), the physical location of the extraordinary general meeting will be at the offices of White & Case LLP at 1221 Avenue of the Americas, New York, New York 10020. You or your proxyholder will also be able to attend and vote at the extraordinary general meeting online by visiting https://[•] and using a control number assigned by Continental Stock Transfer & Trust Company. To register and receive access to the extraordinary general meeting, registered shareholders and beneficial shareholders (those holding shares through a stock brokerage account or by a bank or other holder of record) will need to follow the instructions applicable to them provided in the accompanying proxy statement/prospectus.

At the extraordinary general meeting, D8 shareholders will be asked to consider and vote upon a proposal to approve and adopt the Agreement and Plan of Merger, dated as of April 15, 2021 (as the same may be amended, the “Merger Agreement”), by and among D8, Snowball Merger Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary of D8 (“Merger Sub”), Vicarious Surgical Inc., a Delaware corporation (“Vicarious Surgical”) and Adam Sachs, an individual, in his capacity as the Stockholder Representative thereunder (in such capacity, the “Stockholder Representative”), a copy of which is attached to the accompanying proxy statement/prospectus as Annex A (the “Business Combination Proposal”). The Merger Agreement provides for, among other things, following the Domestication of D8 to Delaware as described below, the merger of Merger Sub with and into Vicarious Surgical (the “Merger” and, together with the other agreements and transactions contemplated by the Merger Agreement, the “Proposed Transaction”), with Vicarious Surgical surviving the Merger in accordance with the terms and subject to the conditions of the Merger Agreement as more fully described elsewhere in the accompanying proxy statement/prospectus.

As a condition to the consummation of the Merger, the board of directors of D8 (the “D8 Board”) has unanimously approved a change of D8’s jurisdiction of incorporation by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware (the “Domestication”). As described in the accompanying proxy statement/prospectus, you will be asked to consider and vote upon a proposal to approve the Domestication (the “Domestication Proposal”). In connection with the consummation of the Proposed Transaction, D8 will change its name to “Vicarious Surgical Inc.”.

In connection with the Domestication, (a) each of the then issued and outstanding Class B ordinary shares of D8, par value $0.0001 per share (each, a “D8 Class B Ordinary Share”), will convert automatically, on a one-for-one basis, into a Class A ordinary share of D8, par value $0.0001 per share (each, a “D8 Class A Ordinary Share” and together with the D8 Class B Ordinary Shares, the “D8 Ordinary Shares”); (ii) immediately following the conversion described in clause (i), each of the then issued and outstanding D8 Class A Ordinary Shares will convert automatically, on a one-for-one basis, into a share of Class A common stock, par value $0.0001 per share, of New Vicarious Surgical (the “New Vicarious Surgical Class A Stock”), each of which will carry voting rights of one vote per share; (iii) each of the then issued and outstanding warrants to purchase one D8 Class A Ordinary Share (each, a “D8 Warrant”) will automatically become a warrant to acquire one share of New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Warrant”) pursuant to the related warrant agreement; and (iv) each of the then issued and outstanding units of D8 (the “Cayman Company Units”) shall be separated into its component parts, consisting of one share of New Vicarious Surgical Class A Stock and one-half of one New Vicarious Surgical Warrant.

 

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Concurrently with the Domestication and subject to satisfaction or waiver of the conditions set forth in the Merger Agreement, D8 will implement a revised dual class structure with shares of New Vicarious Surgical Class A Stock and shares of New Vicarious Surgical Class B common stock, par value $0.0001, with the same terms as New Vicarious Surgical Class A Stock, but carrying increased voting rights in the form of 20 votes per share (the “New Vicarious Surgical Class B Stock”).

In addition to the Business Combination Proposal and the Domestication Proposal, you will also be asked to consider and vote upon: (1) a proposal to approve by ordinary resolution the issuance of New Vicarious Surgical Class A Shares to (a) the PIPE Investors pursuant to the PIPE Investment (each as defined in the accompanying proxy statement/prospectus) and (b) the Vicarious Surgical Stockholders (defined below) pursuant to the Merger Agreement (the “Stock Issuance Proposal”); (2) a proposal to approve by special resolution the proposed new certificate of incorporation (the “Proposed Certificate of Incorporation”) and the proposed new By-Laws (the “Proposed By-Laws”) of New Vicarious Surgical (the “Organizational Documents Proposal”); (3) twelve separate proposals to approve on an advisory non-binding basis by special resolution material differences between the Cayman Constitutional Documents and the Proposed Certificate of Incorporation and the Proposed By-Laws (collectively, the “Advisory Organizational Documents Proposals”); (4) a proposal to approve by ordinary resolution and adopt the New Vicarious Surgical Equity Incentive Plan (the “New Vicarious Surgical Equity Incentive Plan Proposal”); (5) a proposal to approve by ordinary resolution the election of the members of the board of directors of New Vicarious Surgical following Closing (the “Director Election Proposal”); and (6) a proposal to approve by ordinary resolution the adjournment of the extraordinary general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more proposals at the extraordinary general meeting (the “Shareholder Adjournment Proposal”). The Proposed Transaction will be consummated only if the Business Combination Proposal, the Domestication Proposal, the Stock Issuance Proposal, the Organizational Documents Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal and the Director Election Proposal (collectively, the “Condition Precedent Proposals”) are approved at the extraordinary general meeting. Each of the Condition Precedent Proposals is cross-conditioned on the approval of each other. The Advisory Organizational Documents Proposals and the Shareholder Adjournment Proposal are not conditioned upon the approval of any other proposal. Each of these proposals is more fully described in the accompanying proxy statement/prospectus, which each shareholder is encouraged to read carefully and in its entirety.

Under the Merger Agreement, D8 has agreed to acquire all of the outstanding equity interests of Vicarious Surgical for approximately $1.0 billion in aggregate consideration. The stock consideration to be issued to the then current holders of stock in Vicarious Surgical will be in the form of New Vicarious Surgical Class A Stock, except for Adam Sachs, Barry Greene and Sammy Khalifa (collectively, the “Vicarious Surgical Founders”), each of whom will be issued New Vicarious Surgical Class B Stock. Additionally, each option to purchase shares of Vicarious Surgical capital stock (each, a “Vicarious Surgical Option”) that is outstanding and unexercised, whether or not then vested or exercisable, will be assumed by New Vicarious Surgical and will be converted into an option to acquire New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Option”) with the same terms and conditions as applied to the Vicarious Surgical Option immediately prior to the effective time of the Business Combination (the “Effective Time”); provided that the number of shares underlying such New Vicarious Surgical Option will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Option immediately prior to the Effective Time by a ratio determined by, with respect to each share (calculated separately for each separate class) of Vicarious Surgical capital stock, such portion of the merger consideration such share would be entitled to receive if the merger consideration was distributed to all Vicarious Surgical stockholders in accordance with the distribution and liquidation mechanics in Vicarious Surgical’s organizational documents (the “Fully Diluted Adjusted Merger Consideration”) for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Option shall be determined by dividing the per share exercise price of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded up to the nearest whole cent. Furthermore, each warrant to purchase shares of Vicarious Surgical capital stock (a “Vicarious Surgical Warrant”) that is issued and outstanding prior to the Effective Time and has not been exercised or terminated pursuant to its terms will be assumed and converted into a warrant exercisable for shares of New Vicarious Surgical Class A Stock (each, a “New Vicarious Surgical Warrant”); provided that the number of shares underlying such New Vicarious Surgical Warrant will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be

 

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rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Warrant shall be determined by dividing the per share exercise price of such Vicarious Surgical Warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded down to the nearest whole cent.

The total maximum number of shares of New Vicarious Surgical Common Stock expected to be outstanding immediately following the Closing is approximately 141,996,827 shares, assuming no redemptions, consisting of 122,269,991 shares of New Vicarious Surgical Class A Stock and 19,726,836 shares of New Vicarious Surgical Class B Stock. The New Vicarious Surgical Class A Stock is comprised of: (i) 67,644,991 shares of New Vicarious Surgical Class A Stock issued to Vicarious Surgical stockholders (other than the Vicarious Surgical Founders, who will be issued New Vicarious Surgical Class B Stock) in the Merger, (ii) 11,500,000 shares of New Vicarious Surgical Class A Stock issued in connection with the Closing to the PIPE Investors pursuant to the PIPE Investment, (iii) 8,625,000 shares of New Vicarious Surgical Class A Stock issued to the initial shareholders (which includes the Sponsor, Michael Kives, Fred Langhammer, Terry Lundgren and Robert Kirby, the “Initial Shareholders”); and (iv) 34,500,000 shares of New Vicarious Surgical Class A Stock held by public stockholders holding shares of New Vicarious Surgical Class A Stock outstanding at the Effective Time. The total number of shares of New Vicarious Surgical Class B Stock expected to be issued to the Vicarious Surgical Founders at the Closing is approximately 19,726,836 shares. In addition, New Vicarious Surgical will assume unexercised and/or unvested options and warrants to purchase approximately 12,311,767 shares of New Vicarious Surgical Class A Stock that are held by Vicarious Surgical securityholders at the Effective Time.

Vicarious Surgical stockholders are expected to hold, in the aggregate, approximately 61.5% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 55.2% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 89.4% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 85.5% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s sponsors and its affiliates are expected to hold, in the aggregate, approximately 6.1% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 9.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 1.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 3.2% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s current public security holders are expected to hold, in the aggregate, approximately 24.3% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 28.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 6.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 9.3% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. The Vicarious Surgical Founders are expected to hold approximately 76.3% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised and approximately 71.1% of the combined voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions.

On April 15, 2021, concurrently with the execution of the Merger Agreement, D8 entered into subscription agreements (the “Subscription Agreements”) with certain investors (collectively, the “PIPE Investors”, which include certain existing equity holders of D8 and Vicarious Surgical), pursuant to, and on the terms and subject to the conditions of which, the PIPE Investors have collectively subscribed for 11,500,000 D8 Class A Ordinary Shares for an aggregate purchase price equal to $115,000,000 (the “PIPE Investment”). The PIPE Investment will be consummated following the Domestication but immediately prior to the Closing.

Pursuant to the Cayman Constitutional Documents, a holder of Public Shares (as defined in the accompanying proxy statement/prospectus) (a “Public Shareholder”), which excludes shares held by D8 Sponsor LLC (the “Sponsor”),

 

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may request that D8 redeem all or a portion of such Public Shareholder’s Public Shares for cash if the Proposed Transaction is consummated. Holders of D8 Units must elect to separate the D8 Units into the underlying Public Shares and D8 Warrants prior to exercising redemption rights with respect to the Public Shares. If holders hold their D8 Units in an account at a brokerage firm or bank, holders must notify their broker or bank that they elect to separate the D8 Units into the underlying Public Shares and D8 Warrants, or if a holder holds D8 Units registered in its own name, the holder must contact the transfer agent directly and instruct it to do so. Public Shareholders may elect to redeem their Public Shares even if they vote “for” the Business Combination Proposal or any other proposal. If the Proposed Transaction is not consummated, the Public Shares will be returned to the respective holder, broker or bank. If the Proposed Transaction is consummated, and if a Public Shareholder properly exercises its right to redeem all or a portion of the Public Shares that it holds and timely delivers the certificates for its shares (if any) along with the redemption forms to Continental Stock Transfer & Trust Company, D8’s transfer agent, New Vicarious Surgical will redeem such Public Shares for a per-share price, payable in cash, equal to the pro rata portion of the trust account established at the consummation of D8’s IPO (the “Trust Account”), calculated as of two business days prior to the consummation of the Proposed Transaction. For illustrative purposes, as of March 31, 2021, this would have amounted to approximately $10.01 per issued and outstanding Public Share. If a Public Shareholder exercises its redemption rights in full, then it will be electing to exchange its Public Shares for cash and will no longer own Public Shares. The redemption takes place following the Domestication and, accordingly, it is shares of New Vicarious Surgical Class A Stock that will be redeemed immediately after consummation of the Proposed Transaction. See “Extraordinary General Meeting of D8 — Redemption Rights” beginning on page 107 of the accompanying proxy statement/prospectus for a detailed description of the procedures to be followed if you wish to redeem your Public Shares for cash.

Notwithstanding the foregoing, a Public Shareholder, together with any affiliate of such Public Shareholder or any other person with whom such Public Shareholder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its Public Shares with respect to more than an aggregate of 20% of the Public Shares. Accordingly, if a Public Shareholder, alone or acting in concert or as a group, seeks to redeem more than 20% of the Public Shares, then any such shares in excess of that 20% limit would not be redeemed for cash.

The Sponsor, the Initial Shareholders, each other director and each other officer of D8 (collectively, the “Insiders”) have agreed to, among other things, vote in favor of the Proposed Transaction, and to waive their redemption rights in connection with the consummation of the Proposed Transaction with respect to any D8 Ordinary Shares held by them. The D8 Ordinary Shares held by them will be excluded from the pro rata calculation used to determine the per-share redemption price. As of the date of the accompanying proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

The Merger Agreement provides that the obligations of Vicarious Surgical to consummate the Merger are conditioned on, among other things, that as of the Closing, the aggregate amount of cash available following the extraordinary general meeting of D8 shareholders (the “Available Cash”) from (a) the Trust Account, after deducting the amount required to satisfy redemptions of D8 Class A Ordinary Shares, if any (but prior to payment of (i) deferred underwriting commissions and (ii) transaction expenses of D8 or its affiliates), (b) outside of the Trust Account, and (c) the gross proceeds of the PIPE Investment, is at least $125,000,000 (the “Available Cash Condition”). If such condition is not met, and such condition is not or cannot be waived under the terms of the Merger Agreement, then the Merger Agreement could be terminated and the Proposed Transaction may not be consummated.

In addition to the Available Cash Condition, the Merger Agreement is subject to the satisfaction or waiver of the following other customary closing conditions: (a) approval of the Proposed Transaction and related agreements and transactions by the respective shareholders of D8 and shareholders of Vicarious Surgical (including approval of the Condition Precedent Proposals by the shareholders of D8); (b) effectiveness of the registration statement on Form S-4 filed by D8 in connection with the Domestication; (c) all specified authorizations, consents, orders, regulatory approvals, non-objections, declarations, filings or waiting periods having been made, received or expired; (d) delivery of closing deliverables and documentation; (e) absence of a material adverse effect in respect of Vicarious Surgical, D8 and Merger Sub; (f) accuracy of the applicable representations, warranties and covenants, each to an applicable standard; (g) the New Vicarious Surgical Class A Shares and New Vicarious Surgical Warrants having been listed on a national stock exchange and being eligible for continued listing on a national stock exchange immediately following the closing; (h) the PIPE Investment having been completed; (i) the Domestication having been completed; (j) the existing members of the D8 Board having resigned as of the closing and the post-closing directors having been appointed to serve on the

 

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board of directors of New Vicarious Surgical effective as of the closing; (k) the existing officers of D8 having resigned as of the closing and the post-closing officers having been appointed to serve effective as of the Closing; and (l) the absence of any injunctions or restraints in respect of consummation of the Proposed Transaction.

The D8 Units, D8 Class A Ordinary Shares and D8 Warrants are currently listed on the New York Stock Exchange (the “NYSE”) under the symbols “DEH.U,” “DEH” and “DEH WS,” respectively. Pursuant to the terms of the Merger Agreement, as a closing condition, D8 is required to cause the New Vicarious Surgical Class A Shares to be issued in connection with the Proposed Transaction and the PIPE Investment (as defined herein) and New Vicarious Surgical Warrants to be approved for listing on the NYSE as of the Closing under the proposed symbols “RBOT” and “RBOT WS”, respectively. New Vicarious Surgical will not have publicly traded units nor will the Vicarious Surgical common stock or the New Vicarious Surgical Class B Shares be publicly traded.

D8 is providing the accompanying proxy statement/prospectus and accompanying proxy card to D8’s shareholders in connection with the solicitation of proxies to be voted at the extraordinary general meeting and at any adjournments of the extraordinary general meeting. Information about the extraordinary general meeting, the Proposed Transaction and other related business to be considered by D8’s shareholders at the extraordinary general meeting is included in the accompanying proxy statement/prospectus. Whether or not you plan to attend the extraordinary general meeting, all of D8’s shareholders are urged to read the accompanying proxy statement/prospectus, including the Annexes and other documents referred to therein, carefully and in their entirety. You should also carefully consider the risk factors described under the heading “Risk Factors” beginning on page 49 of this proxy statement/prospectus.

After careful consideration, the D8 Board has unanimously approved the Proposed Transaction and unanimously recommends that shareholders vote “FOR” adoption of the Merger Agreement, and approval of the transactions contemplated thereby, including the Proposed Transaction, and “FOR” all other proposals presented to D8’s shareholders in the accompanying proxy statement/prospectus. When you consider the recommendation of these proposals by the D8 Board, you should keep in mind that D8’s directors and officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of the accompanying proxy statement/prospectus for a further discussion of these considerations.

The approval of each of the Domestication Proposal, the Organizational Documents Proposal and the Advisory Organizational Documents Proposals requires a special resolution, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares, who being present in person or by proxy and entitled to vote at an extraordinary general meeting, vote at the extraordinary general meeting. The approval of each of the Business Combination Proposal, the Stock Issuance Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal, the Director Election Proposal and the Shareholder Adjournment Proposal requires an ordinary resolution, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at an extraordinary general meeting, vote at the extraordinary general meeting. Although the Cayman Constitutional Documents indicate that, prior to the Closing, holders of D8 Class A Ordinary Shares will have no right to vote on the appointment or removal of any director, the Director Election Proposal is being voted on by all holders of D8 Ordinary Shares. In the event that one or more nominees is not elected under the Director Election Proposal, the D8 Board is permitted under Article 31 of the Cayman Constitutional Documents to appoint any person to be a director.

Your vote is very important.    Whether or not you plan to attend the extraordinary general meeting, please vote as soon as possible by following the instructions in the accompanying proxy statement/prospectus to make sure that your shares are represented at the extraordinary general meeting. If you hold your shares in “street name” through a bank, broker or other nominee, you will need to follow the instructions provided to you by your bank, broker or other nominee to ensure that your shares are represented and voted at the extraordinary general meeting. The transactions contemplated by the Merger Agreement will be consummated only if the Condition Precedent Proposals are approved at the extraordinary general meeting. Each of the Condition Precedent Proposals is cross-conditioned on the approval of each other. The Advisory Organizational Documents Proposals and the Shareholder Adjournment Proposal, are not conditioned upon the approval of any other proposal set forth in the accompanying proxy statement/prospectus.

 

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If you sign, date and return your proxy card without indicating how you wish to vote, your proxy will be voted “FOR” each of the proposals presented at the extraordinary general meeting. If you fail to return your proxy card or fail to instruct your bank, broker or other nominee how to vote, and do not attend the extraordinary general meeting in person, the effect will be, among other things, that your shares will not be counted for purposes of determining whether a quorum is present at the extraordinary general meeting and will not be voted. An abstention or broker non-vote will be counted towards the quorum requirement but will not count as a vote cast at the extraordinary general meeting and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal). If you are a shareholder of record and you attend the extraordinary general meeting and wish to vote in person, you may withdraw your proxy and vote in person.

TO EXERCISE YOUR REDEMPTION RIGHTS, YOU MUST DEMAND IN WRITING THAT YOUR PUBLIC SHARES ARE REDEEMED FOR A PRO RATA PORTION OF THE FUNDS HELD IN THE TRUST ACCOUNT AND TENDER YOUR SHARES TO D8’S TRANSFER AGENT AT LEAST TWO BUSINESS DAYS PRIOR TO THE VOTE AT THE GENERAL MEETING. YOU MAY TENDER YOUR SHARES BY EITHER DELIVERING YOUR SHARE CERTIFICATE TO THE TRANSFER AGENT OR BY DELIVERING YOUR SHARES ELECTRONICALLY USING THE DEPOSITORY TRUST COMPANY’S DWAC (DEPOSIT WITHDRAWAL AT CUSTODIAN) SYSTEM. IF THE BUSINESS COMBINATION IS NOT COMPLETED, THEN THESE SHARES WILL BE RETURNED TO YOU OR YOUR ACCOUNT. IF YOU HOLD THE SHARES IN STREET NAME, YOU WILL NEED TO INSTRUCT THE ACCOUNT EXECUTIVE AT YOUR BANK OR BROKER TO WITHDRAW THE SHARES FROM YOUR ACCOUNT IN ORDER TO EXERCISE YOUR REDEMPTION RIGHTS.

On behalf of the D8 Board, I would like to thank you for your support and look forward to the successful completion of the Proposed Transaction.

Sincerely,

   

David Chu

   

Chairman of the Board of Directors

   

NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES REGULATORY AGENCY HAS APPROVED OR DISAPPROVED THE TRANSACTIONS DESCRIBED IN THE ACCOMPANYING PROXY STATEMENT/PROSPECTUS, PASSED UPON THE MERITS OR FAIRNESS OF THE BUSINESS COMBINATION OR RELATED TRANSACTIONS OR PASSED UPON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE IN THE ACCOMPANYING PROXY STATEMENT/PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY CONSTITUTES A CRIMINAL OFFENSE.

The accompanying proxy statement/prospectus is dated [•], 2021 and is first being mailed to shareholders on or about [•], 2021.

 

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D8 Holdings Corp. A Cayman Islands Exempted Company

(Company Number 362527)

Unit 1008, 10/F, Champion Tower
3 Garden Road
Central, Hong Kong
+852 3973 5500

NOTICE OF EXTRAORDINARY GENERAL MEETING TO BE HELD ON [•], 2021

TO THE SHAREHOLDERS OF D8 HOLDINGS CORP.:

NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the “extraordinary general meeting”) of D8 Holdings Corp., a Cayman Islands exempted company (“D8”), will be held virtually at [•] a.m. Eastern Time, on [•], 2021. In light of ongoing developments related to the novel coronavirus (“COVID-19”), after careful consideration, D8 has determined that the extraordinary general meeting will be a virtual meeting conducted via live webcast at [•] in order to facilitate shareholder attendance and participation while safeguarding the health and safety of our shareholders, directors and management team. For the purposes of Cayman Islands law and the amended and restated memorandum and articles of association of D8 (as may be amended from time to time, the “Cayman Constitutional Documents”), the physical location of the extraordinary general meeting will be at the offices of White & Case LLP at 1221 Avenue of the Americas, New York, New York 10020. You are cordially invited to attend the extraordinary general meeting, which will be held for the following purposes:

(1)    Proposal No. 1 — The Business Combination Proposal — To consider and vote upon a proposal to approve by way of ordinary resolution and adopt the Agreement and Plan of Merger, dated as of April 15, 2021 (as the same may be amended, the “Merger Agreement”), by and among D8, Snowball Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of D8 (“Merger Sub”), Vicarious Surgical Inc., a Delaware corporation (“Vicarious Surgical”) and Adam Sachs, an individual, in his capacity as the Stockholder Representative thereunder (in such capacity, the “Stockholder Representative”), and the transactions contemplated by the Merger Agreement, including the issuance of the merger consideration thereunder (collectively, the “Proposed Transaction”). Pursuant to the Merger Agreement, Merger Sub will merge with and into Vicarious Surgical (the “Merger”), with Vicarious Surgical continuing as the surviving entity of the Merger and becoming a subsidiary of New Vicarious Surgical as described in more detail in the attached proxy statement/prospectus. We refer to this proposal as the “Business Combination Proposal.” A copy of the Merger Agreement is attached to the accompanying proxy statement/prospectus as Annex A. The full text of the resolution to be considered and if thought fit, passed and approved if as follows:

RESOLVED, as an ordinary resolution, that D8’s entry into the Agreement and Plan of Merger, dated as of April 15, 2021 (as the same may be amended, the “Merger Agreement”), by and among D8, Snowball Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of D8 (“Merger Sub”), Vicarious Surgical Inc., a Delaware corporation (“Vicarious Surgical”) and Adam Sachs, an individual, in his capacity as the Stockholder Representative thereunder (a copy of which is attached to the proxy statement/prospectus as Annex A), pursuant to which, among other things, following the Domestication of D8 to Delaware as described below, the merger of Merger Sub with and into Vicarious Surgical (the “Merger”), with Vicarious Surgical surviving the Merger, in accordance with the terms and subject to the conditions of the Merger Agreement, to be approved, ratified and confirmed in all respects.”

(2)    Proposal No. 2 — The Domestication Proposal — To consider and vote upon a proposal to approve by way of special resolution, to change the corporate structure and domicile of D8 by way of continuation from an exempted company incorporated in accordance with the laws of the Cayman Islands to a corporation incorporated under the laws of the State of Delaware (the “Domestication”). The Domestication will be effected immediately prior to the Business Combination by D8 filing a certificate of corporate domestication and the proposed new certificate of incorporation of New Vicarious Surgical (the “Proposed Certificate of Incorporation”) with the Delaware Secretary of State and filing an application to de-register with the Registrar of Companies of the Cayman Islands. Upon the effectiveness of the Domestication, D8 will become a Delaware corporation and will change its corporate name to “Vicarious Surgical Inc.” (D8 following the

 

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Domestication and the Business Combination, “New Vicarious Surgical”) and all outstanding securities of D8 will convert to outstanding securities of New Vicarious Surgical, as described in more detail in the accompanying proxy statement/prospectus. We refer to this proposal as the “Domestication Proposal.” The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, that D8 be de-registered in the Cayman Islands pursuant to Article 49 of the Amended and Restated Articles of Association of D8 (as amended) and be registered by way of continuation as a corporation in the State of Delaware and conditional upon, and with effect from, the registration of New Vicarious Surgical in the State of Delaware as a corporation with the laws of the State of Delaware, the name of New Vicarious Surgical be changed to “Vicarious Surgical Inc.”

(3)    Proposal No. 3 — The Stock Issuance Proposal — To consider and vote upon a proposal to approve by way of ordinary resolution for purposes of complying with the applicable provisions of NYSE Listing Rules 312.03(c) and (d), the issuance of New Vicarious Surgical Class A Shares to (i) the PIPE Investors pursuant to the PIPE Investment (each as defined in the accompanying proxy statement/prospectus) and (ii) the Vicarious Surgical Stockholders pursuant to the Merger Agreement (the “Stock Issuance Proposal”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as an ordinary resolution, that, for the purposes of complying with the applicable provisions of NYSE’s Listed Company Manual Section 312.03, the issuance of shares of New Vicarious Surgical Common Stock pursuant to the Merger Agreement and the PIPE Investment, including to Vicarious Surgical Stockholders and the PIPE Investors, be approved in all respects.”

(4)    Proposal No. 4 — Organizational Documents Proposal — To consider and vote upon a proposal to approve by way of special resolution the Proposed Certificate of Incorporation and the proposed new by-laws (“Proposed By-Laws” and, together with the Proposed Certificate of Incorporation, the “Proposed Organizational Documents”) of New Vicarious Surgical (a corporation incorporated in the State of Delaware, and the filing with and acceptance by the Secretary of State of Delaware of the certificate of corporate domestication in accordance with Section 388 of the Delaware General Corporation Law (the “DGCL”)), which will be renamed “Vicarious Surgical Inc.” in connection with the Business Combination (the “Organizational Documents Proposal”). The form of each of the Proposed Certificate of Incorporation and the Proposed By-Laws is attached to the accompanying proxy statement/prospectus as Annex B-1 and Annex B-2, respectively. The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, that the Cayman Constitutional Documents currently in effect be amended and restated by the deletion in their entirety and the substitution in their place of the Proposed Certificate of Incorporation and Proposed By-Laws (copies of which are attached to the proxy statement/prospectus as Annex B-1 and Annex B-2, respectively), with such principal changes as described in the Advisory Organizational Documents Proposals A through L.”

(5)    Proposal No. 5 — The Advisory Organizational Documents Proposals — To consider and vote upon the following 12 separate proposals (collectively, the “Advisory Organizational Documents Proposals”) to approve on an advisory non-binding basis by way of special resolution the following material differences between the Cayman Constitutional Documents and the Proposed Organizational Documents:

(A)    Advisory Organizational Documents Proposal 5A (Authorized Shares) — to authorize the change in the authorized capital stock of D8 from 200,000,000 D8 Class A Ordinary Shares, par value $0.0001 per share (the “D8 Class A Ordinary Shares”), 20,000,000 D8 Class B Ordinary Shares, par value $0.0001 per share (the “D8 Class B Ordinary Shares” and, together with the D8 Class A Ordinary Shares, the “D8 Ordinary Shares”), and 1,000,000 preference shares, par value $0.0001 per share (the “Preference Shares”), to 300,000,000 shares of Class A common stock, par value $0.0001 per share of New Vicarious Surgical (the “New Vicarious Surgical Class A Stock”), and 22,000,000 shares of Class B common stock, par value $0.0001 per share of New Vicarious Surgical (the “New Vicarious Surgical Class B Stock”, together with the New Vicarious Surgical Class A Stock, the “New Vicarious Surgical Common Stock”) and 1,000,000 shares of preferred stock,

 

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par value $0.0001 per share, of New Vicarious Surgical (the “New Vicarious Surgical Preferred Stock”) (“Advisory Organizational Documents Proposal 5A”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the authorized capital stock of D8 be changed from 200,000,000 D8 Class A Ordinary Shares, par value $0.0001 per share, 20,000,000 D8 Class B Ordinary Shares, par value $0.0001 per share, and 1,000,000 Preference Shares, par value $0.0001 per share, to 300,000,000 shares of New Vicarious Surgical Class A Stock, par value $0.0001 per share, and 22,000,000 shares of New Vicarious Surgical Class B Stock, par value $0.0001 per share, and 1,000,000 shares of New Vicarious Surgical Preferred Stock, par value $0.0001 per share, as described in Advisory Organizational Documents Proposal 5A.”

(B)    Advisory Organizational Documents Proposal 5B (Dual Class Common Stock Structure) — to authorize a dual class common stock structure pursuant to which holders of New Vicarious Surgical Class A Stock will be entitled to one vote per share and holders of New Vicarious Surgical Class B Stock will be entitled to twenty votes per share on each matter properly submitted to New Vicarious Surgical’s stockholders entitled to vote (“Advisory Organizational Documents Proposal 5B”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions providing that holders of New Vicarious Surgical Class A Stock will be entitled to one vote per share and holders of New Vicarious Surgical Class B Stock will be entitled to twenty votes per share on each matter properly submitted to New Vicarious Surgical’s stockholders entitled to vote, as described in Advisory Organizational Documents Proposal 5B, be approved.”

(C)    Advisory Organizational Documents Proposal 5C (Sunset Provision for New Vicarious Surgical Class B Stock) to approve a provision providing that each outstanding share of New Vicarious Surgical Class B Stock shall automatically convert into one share of New Vicarious Surgical Class A Stock upon the first date on which the Vicarious Surgical Founders and Qualified Stockholders (each as defined in the Organizational Documents) collectively cease to beneficially own at least 20% of the number of shares of New Vicarious Surgical Class B Stock collectively held by the Vicarious Surgical Founders and their Permitted Transferees (as defined in the Organizational Documents) as of the Effective Date, and that upon the date that a Vicarious Surgical Founder ceases to provide service to New Vicarious Surgical each share of New Vicarious Surgical Class B Stock held by such Vicarious Surgical Founder or such Vicarious Surgical Founder’s Permitted Transferees shall automatically convert into one share of New Vicarious Surgical Class A Stock (“Advisory Organizational Documents Proposal 5C”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provision providing that each outstanding share of New Vicarious Surgical Class B Stock shall automatically convert into one share of New Vicarious Surgical Class A Stock upon the first date on which the Vicarious Surgical Founders and Qualified Stockholders collectively cease to beneficially own at least 20% of the number of shares of New Vicarious Surgical Class B Stock collectively held by the Vicarious Surgical Founders and their Permitted Transferees as of the Effective Date, and that upon the date that a Vicarious Surgical Founder ceases to provide service to New Vicarious Surgical each share of New Vicarious Surgical Class B Stock held by such Vicarious Surgical Founder or such Vicarious Surgical Founder’s Permitted Transferees shall automatically convert into one share of New Vicarious Surgical Class A Stock, as described in Advisory Organizational Documents Proposal 5C, be approved.”

(D)    Advisory Organizational Documents Proposal 5D (Declassification of New Vicarious Surgical Board) — to authorize a declassified board of directors whereby each member of the board of directors of New Vicarious Surgical will be elected at each annual meeting of stockholders (or special meeting in lieu thereof), (“Advisory Organizational Documents Proposal 5D”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that each member of the board of directors of New Vicarious Surgical be elected at each annual meeting of stockholders (or special meeting in lieu thereof), as described in Advisory Organizational Documents Proposal 5D.”

 

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(E)    Advisory Organizational Documents Proposal 5E (Exclusive Forum Provision) — to authorize adopting Delaware as the exclusive forum for certain stockholder litigation and to authorize adopting the federal district courts of the United States of America as the exclusive forum for resolving complaints asserting a cause of action under the Securities Act of 1933, as amended (“Advisory Organizational Documents Proposal 5E”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that (a) Delaware be adopted as the exclusive forum for certain stockholder litigation and (b) the federal district courts of the United States of America be adopted as the exclusive forum for asserting a cause under the Securities Act of 1933, as amended, as described in Advisory Organizational Documents Proposal 5E.”

(F)   Advisory Organizational Documents Proposal 5F (Required Vote to Amend Charter) — to approve provisions providing that the affirmative vote of at least 662/3% of the voting power of all the then outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class, will be required for stockholders to amend, alter, repeal or rescind all or any portion of Article 4(B), Article 5, Article 6, Article 7 or Article 9 of the Proposed Certificate of Incorporation; provided that, for so long as there are shares of New Vicarious Surgical Class B Stock outstanding, New Vicarious Surgical may not, without the prior affirmative vote of the holders of 662/3% of the New Vicarious Surgical Class B Stock then outstanding in addition to any other vote required by applicable law or the Proposed Certificate of Incorporation, directly or indirectly, whether by amendment, or through merger, recapitalization, consolidation or otherwise amend, alter, change, repeal or adopt any provision of the Proposed Certificate of Incorporation (1) in a manner that is inconsistent with, or that otherwise alters or changes, any of the voting, conversion, dividend or liquidation provisions of the shares of New Vicarious Surgical Class B Stock or other rights, powers, preferences or privileges thereof; (2) to provide for each share of New Vicarious Surgical Class A Stock to have more than one vote per share or any rights to a separate class vote of the holders of shares of New Vicarious Surgical Class A Stock other than as provided by the Proposed Certificate of Incorporation or required by the DGCL; or (3) to otherwise adversely impact or affect the rights, powers, preferences or privileges of the shares of New Vicarious Surgical Class B Stock in a manner that is disparate from the manner in which it affects the rights, powers, preferences or privileges of the shares of New Vicarious Surgical Class A Stock, provided further, so long as any shares of New Vicarious Surgical Class A Stock remain outstanding, New Vicarious Surgical may not, without the prior affirmative vote of the holders of a majority of the outstanding shares of New Vicarious Surgical Class A Stock, voting as a separate class, in addition to any other vote required by applicable law or the Proposed Certificate of Incorporation, directly or indirectly, whether by amendment, or through merger, recapitalization, consolidation or otherwise amend, alter, change, repeal or adopt any provision of the Proposed Certificate of Incorporation (1) in a manner that is inconsistent with, or that otherwise alters or changes the powers, preferences, or special rights of the shares of New Vicarious Surgical Class A Stock so as to affect them adversely; or (2) to provide for each share of New Vicarious Surgical Class B Stock to have more than twenty votes per share or any rights to a separate class vote of the holders of shares of New Vicarious Surgical Class B Stock other than as provided by the Proposed Certificate of Incorporation or required by the DGCL (“Advisory Organizational Documents Proposal 5F”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions providing that the affirmative vote of at least 662/3% of the voting power of all the then outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class, will be required for stockholders to amend, alter, repeal or rescind all or any portion of Article 4(B), Article 5, Article 6, Article 7 or Article 9 of the Proposed Certificate of Incorporation; provided that, for so long as there are shares of New Vicarious Surgical Class B Stock outstanding, New Vicarious Surgical may not, without the prior affirmative vote of the holders of 662/3% of the New Vicarious Surgical Class B Stock then outstanding in addition to any other vote required by applicable law or the Proposed Certificate of Incorporation, directly or indirectly, whether by amendment, or through merger, recapitalization, consolidation or otherwise amend, alter, change, repeal or adopt any provision

 

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of the Proposed Certificate of Incorporation (1) in a manner that is inconsistent with, or that otherwise alters or changes, any of the voting, conversion, dividend or liquidation provisions of the shares of New Vicarious Surgical Class B Stock or other rights, powers, preferences or privileges thereof; (2) to provide for each share of New Vicarious Surgical Class A Stock to have more than one vote per share or any rights to a separate class vote of the holders of shares of New Vicarious Surgical Class A Stock other than as provided by the Proposed Certificate of Incorporation or required by the DGCL; or (3) to otherwise adversely impact or affect the rights, powers, preferences or privileges of the shares of New Vicarious Surgical Class B Stock in a manner that is disparate from the manner in which it affects the rights, powers, preferences or privileges of the shares of New Vicarious Surgical Class A Stock, provided further, so long as any shares of New Vicarious Surgical Class A Stock remain outstanding, New Vicarious Surgical may not, without the prior affirmative vote of the holders of a majority of the outstanding shares of New Vicarious Surgical Class A Stock, voting as a separate class, in addition to any other vote required by applicable law or the Proposed Certificate of Incorporation, directly or indirectly, whether by amendment, or through merger, recapitalization, consolidation or otherwise amend, alter, change, repeal or adopt any provision of the Proposed Certificate of Incorporation (1) in a manner that is inconsistent with, or that otherwise alters or changes the powers, preferences, or special rights of the shares of New Vicarious Surgical Class A Stock so as to affect them adversely; or (2) to provide for each share of New Vicarious Surgical Class B Stock to have more than twenty votes per share or any rights to a separate class vote of the holders of shares of New Vicarious Surgical Class B Stock other than as provided by the Proposed Certificate of Incorporation or required by the DGCL, as described in Advisory Organizational Documents Proposal 5F, be approved.”

(G)   Advisory Organizational Documents Proposal 5G (Removal of Directors) — to approve provisions permitting the removal of a director only for cause and only by the affirmative vote of the holders of at least 662/3% of the outstanding shares entitled to vote at an election of directors, voting together as a single class (“Advisory Organizational Documents Proposal 5G”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions permitting the removal of a director only for cause and only by the affirmative vote of the holders of at least 662/3% of the outstanding shares entitled to vote at an election of directors, voting together as a single class, as described in Advisory Organizational Documents Proposal 5G, be approved.”

(H)   Advisory Organizational Documents Proposal 5H (Required Vote to Amend Bylaws) — to approve provisions providing that the affirmative vote of at least 66 2/3% of the voting power of all the then outstanding shares of capital stock entitled to vote at an election of directors, voting as a single class, will be required for stockholders to alter, amend or repeal, in whole or in part, any provision of the Proposed Bylaws or to adopt any provision inconsistent therewith (“Advisory Organizational Documents Proposal 5H”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions providing that the affirmative vote of at least 662/3% of the voting power of all the then outstanding shares of capital stock entitled to vote at an election of directors, voting as a single class, will be required for stockholders to alter, amend or repeal, in whole or in part, any provision of the Proposed Bylaws or to adopt any provision inconsistent therewith, as described in Advisory Organizational Documents Proposal 5H, be approved.”

(I)     Advisory Organizational Documents Proposal 5I (Special Meetings) — to approve provisions requiring that special meetings may be called only by the New Vicarious Surgical Board (except in the case of any holders of Preferred Stock if applicable) (“Advisory Organizational Documents Proposal 5I”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions requiring that special meetings may be called only by the New Vicarious Surgical Board (except in the case of any holders of Preferred Stock if applicable), as described in Advisory Organizational Documents Proposal 5I, be approved.”

 

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(J)    Advisory Organizational Documents Proposal 5J (Written Consent) — to approve provisions that prohibit stockholder action by written consent in lieu of a meeting. (“Advisory Organizational Documents Proposal 5J”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions requiring or permitting stockholders to take action at an annual or special meeting and prohibit stockholder action by written consent in lieu of a meeting, as described in Advisory Organizational Documents Proposal 5J, be approved.”

(K)   Advisory Organizational Documents Proposal 5K (Corporate Opportunity) — to approve provisions providing that New Vicarious Surgical renounces a corporate opportunity that is presented to, or acquired, created or developed by, or which otherwise comes into the possession of, any non-employee director of New Vicarious Surgical, unless such opportunity is presented to, or acquired, created or developed by, or otherwise comes into the possession of such person expressly and solely in connection with such individual’s service as a member of the Board (“Advisory Organizational Documents Proposal 5K”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that the provisions providing that New Vicarious Surgical renounces a corporate opportunity that is presented to, or acquired, created or developed by, or which otherwise comes into the possession of, any non-employee director of New Vicarious Surgical, unless such opportunity is presented to, or acquired, created or developed by, or otherwise comes into the possession of such person expressly and solely in connection with such individual’s service as a member of the Board, as described in Advisory Organizational Documents Proposal 5K, be approved.”

(L)    Advisory Organizational Documents Proposal 5L (Additional Changes) — to provide for certain additional changes, including, among other things, (i) making New Vicarious Surgical’s corporate existence perpetual and (ii) removing certain provisions related to D8’s status as a blank check company that will no longer be applicable upon consummation of the Business Combination, all of which the D8 Board believes is necessary to adequately address the needs of New Vicarious Surgical after the Business Combination (“Advisory Organizational Documents Proposal 5L”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as a special resolution, on an advisory non-binding basis, that certain additional changes, including, among other things, (i) making New Vicarious Surgical’s corporate existence perpetual and (ii) removing certain provisions related to D8’s status as a blank check company that will no longer be applicable upon consummation of the Business Combination, all of which the D8 Board believes is necessary to adequately address the needs of New Vicarious Surgical after the Business Combination, as described in Advisory Organizational Documents Proposal 5L, be approved.”

(6)    Proposal No. 6 — The New Vicarious Surgical Equity Incentive Plan Proposal — To consider and vote upon a proposal to approve by ordinary resolution the New Vicarious Surgical Equity Incentive Plan (the “New Vicarious Surgical Equity Incentive Plan Proposal”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as an ordinary resolution, that, the New Vicarious Surgical Equity Incentive Plan be approved and adopted in all respects.”

(7)    Proposal No. 7 — The Director Election Proposal — To consider and vote upon a proposal to approve by way of ordinary resolution the election of nine directors to serve on the New Vicarious Surgical board of directors until the 2022 annual meeting of stockholders and until their respective successors are duly elected and qualified (the “Director Election Proposal”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as an ordinary resolution, that the persons named below be elected to serve on the Company Board upon the Closing of the Business Combination: Donald Tang, David Ho, Samir Kaul, Dror Berman, David Styka, Adam Sachs, Sammy Khalifa, Ric Fulop and Phil Liang.”

 

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(8)    Proposal No. 8 — The Shareholder Adjournment Proposal — To consider and vote upon a proposal to approve by way of ordinary resolution the adjournment of the extraordinary general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more proposals at the extraordinary general meeting (the “Shareholder Adjournment Proposal”). The full text of the resolution to be considered and if thought fit, passed and approved is as follows:

RESOLVED, as an ordinary resolution, that the adjournment of the extraordinary general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more proposals at the extraordinary general meeting be approved.”

Each of Proposal Nos. 1, 2, 3, 4, 6 and 7 is cross-conditioned on the approval of each other (the “Condition Precedent Proposals”). The Advisory Organizational Documents Proposal and the Shareholder Adjournment Proposal are not cross-conditioned upon the approval of any other proposal set forth in this proxy statement/prospectus.

These items of business are described in this proxy statement/prospectus, which we encourage you to read carefully and in its entirety before voting.

Only holders of record of D8 Ordinary Shares at the close of business on [•], 2021 (the “Record Date”) are entitled to notice of and to vote at and to have their votes counted at the extraordinary general meeting and any adjournment of the extraordinary general meeting.

This proxy statement/prospectus and accompanying proxy card is being provided to D8’s shareholders in connection with the solicitation of proxies to be voted at the extraordinary general meeting and at any adjournment of the extraordinary general meeting. Whether or not you plan to attend the extraordinary general meeting, all of D8’s shareholders are urged to read this proxy statement/prospectus, including the Annexes and the documents referred to herein, carefully and in their entirety. You should also carefully consider the risk factors described under the heading “Risk Factors” beginning on page 49 of this proxy statement/prospectus.

After careful consideration, the board of directors of D8 (the “D8 Board”) has unanimously approved the Proposed Transaction and unanimously recommends that shareholders vote “FOR” the adoption of the Merger Agreement, and approval of the transactions contemplated thereby, including the Proposed Transaction, and “FOR” all other proposals presented to D8’s shareholders in this proxy statement/prospectus. When you consider the recommendation of these proposals by the D8 Board, you should keep in mind that D8’s directors and officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of this proxy statement/prospectus for a further discussion of these considerations.

Pursuant to the Cayman Constitutional Documents, a holder of Public Shares (as defined herein) (a “Public Shareholder”) may request of D8 that New Vicarious Surgical redeem all or a portion of its Public Shares for cash if the Proposed Transaction is consummated. As a holder of Public Shares, you will be entitled to receive cash for any Public Shares to be redeemed only if you:

(i)     (a) hold Public Shares or (b) hold Public Shares through D8 Units and elect to separate your D8 Units into the underlying Public Shares and Public Warrants prior to exercising your Redemption Rights with respect to the Public Shares;

(ii)    submit a written request to Continental Stock Transfer & Trust Company (“Continental”), D8’s transfer agent, that New Vicarious Surgical redeem all or a portion of your Public Shares for cash; and

(iii)   deliver your share certificates for Public Shares (if any) along with the redemption forms to Continental, physically or electronically through The Depository Trust Company (“DTC”).

Holders must complete the procedures for electing to redeem their Public Shares in the manner described above prior to [•], Eastern Time, on [•], 2021 (two business days before the extraordinary general meeting) in order for their Public Shares to be redeemed.

 

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Each D8 Unit issued and outstanding as of immediately prior to the Domestication will automatically be separated into the underlying D8 Class A Ordinary Share and one-half of a D8 Warrant. Public Shareholders may elect to redeem Public Shares regardless of if or how they vote in respect of the Business Combination Proposal. If the Proposed Transaction is not consummated, the Public Shares will be returned to the respective holder, broker or bank.

If the Proposed Transaction is consummated, and if a Public Shareholder properly exercises its right to redeem all or a portion of the Public Shares that it holds and timely delivers its share certificates (if any) and other redemption forms (as applicable) to Continental, New Vicarious Surgical will redeem such Public Shares for a per-share price, payable in cash, equal to the pro rata portion of the trust account established at the consummation of D8’s IPO (the “Trust Account”), calculated as of two business days prior to the consummation of the Proposed Transaction. For illustrative purposes, as of March 31, 2021, this would have amounted to approximately $10.01 per issued and outstanding Public Share. If a Public Shareholder exercises its redemption rights in full, then it will be electing to exchange its Public Shares for cash and will no longer own Public Shares. The redemption takes place following the Domestication and, accordingly, it is shares of New Vicarious Surgical Class A Stock that will be redeemed promptly after consummation of the Proposed Transaction. See “Extraordinary General Meeting of D8 — Redemption Rights” beginning on page 107 of this proxy statement/prospectus for a detailed description of the procedures to be followed if you wish to redeem your Public Shares for cash.

Notwithstanding the foregoing, a Public Shareholder, together with any affiliate of such Public Shareholder or any other person with whom such Public Shareholder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its Public Shares with respect to more than an aggregate of 20% of the Public Shares. Accordingly, if a Public Shareholder, alone or acting in concert or as a group, seeks to redeem more than 20% of the Public Shares, then any such shares in excess of that 20% limit would not be redeemed for cash.

D8 Sponsor LLC, a Delaware limited liability company and shareholder of D8 (the “Sponsor”), the Initial Shareholders and each other director and each other officer of D8 (collectively, the “Insiders”) have agreed to, among other things, vote in favor of the Proposed Transaction, and to waive their redemption rights in connection with the consummation of the Proposed Transaction with respect to any D8 Ordinary Shares held by them. The D8 Class B Ordinary Shares will be excluded from the pro rata calculation used to determine the per-share redemption price. As of the date of the accompanying proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

The Merger Agreement provides that the obligations of Vicarious Surgical to consummate the Merger are conditioned on, among other things, that as of the Closing, (a) the Domestication will have been completed, and (b) the amount of cash available following the extraordinary general meeting of D8 shareholders (the “Available Cash”) (i) in the Trust Account, after deducting the amount required to satisfy redemptions of D8 Class A Ordinary Shares, if any (but prior to payment of (x) deferred underwriting commissions and (y) transaction expenses of D8 or its affiliates), (ii) outside of the Trust Account, and (iii) from the gross proceeds of the PIPE Investment, is at least $125,000,000. If such condition is not met, and such condition is not or cannot be waived under the terms of the Merger Agreement, then the Merger Agreement could be terminated and the Proposed Transaction may not be consummated.

In addition to the Available Cash Condition, the Merger Agreement is subject to the satisfaction or waiver of the following other customary closing conditions: (a) approval of the Proposed Transaction and related agreements and transactions by the respective shareholders of D8 and stockholders of Vicarious Surgical (including approval of the Condition Precedent Proposals by the shareholders of D8); (b) effectiveness of the registration statement on Form S-4 filed by D8 in connection with the Domestication; (c) all specified authorizations, consents, orders, regulatory approvals, non-objections, declarations, filings or waiting periods having been made, received or expired; (d) delivery of closing deliverables and documentation; (e) absence of a material adverse effect in respect of Vicarious Surgical, D8 and Merger Sub; (f) accuracy of the applicable representations, warranties and covenants, each to an applicable standard; (g) the New Vicarious Surgical Class A Shares and New Vicarious Surgical Warrants having been listed on a national stock exchange and being eligible for continued listing on a national stock exchange immediately following the closing; (h) the PIPE Investment having been completed; (i) the Domestication having been completed; (j) the existing members of the D8 Board having resigned as of the closing and the post-closing directors having been appointed to serve on the board of directors of New Vicarious Surgical effective as of the Closing; (k) the existing officers of D8 having resigned as of the closing and the post-closing officers having been appointed to serve effective as of the closing; and (l) the absence of any injunctions or restraints in respect of consummation of the Proposed Transaction.

 

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The approval of each of the Domestication Proposal, the Organizational Documents Proposal and the Advisory Organizational Documents Proposals requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. The approval of each of the Business Combination Proposal, the Stock Issuance Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal, the Director Election Proposal and the Shareholder Adjournment Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Your vote is very important.    Whether or not you plan to attend the extraordinary general meeting, please vote as soon as possible by following the instructions in the accompanying proxy statement/prospectus to make sure that your shares are represented at the extraordinary general meeting. If you hold your shares in “street name” through a bank, broker or other nominee, you will need to follow the instructions provided to you by your bank, broker or other nominee to ensure that your shares are represented and voted at the extraordinary general meeting. The transactions contemplated by the Merger Agreement will be consummated only if the Condition Precedent Proposals are approved at the extraordinary general meeting. Each of the Condition Precedent Proposals is cross-conditioned on the approval of each other. The Advisory Organizational Documents Proposals and the Shareholder Adjournment Proposal are not conditioned upon the approval of any other proposal set forth in the accompanying proxy statement/prospectus.

If you sign, date and return your proxy card without indicating how you wish to vote, your proxy will be voted “FOR” each of the proposals presented at the extraordinary general meeting. If you fail to return your proxy card or fail to instruct your bank, broker or other nominee how to vote, and do not attend the extraordinary general meeting in person, the effect will be, among other things, that your shares will not be counted for purposes of determining whether a quorum is present at the extraordinary general meeting and will not be voted. An abstention or broker non-vote will be counted towards the quorum requirement but will not count as a vote cast at the extraordinary general meeting and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal). If you are a shareholder of record and you attend the extraordinary general meeting and wish to vote in person, you may withdraw your proxy and vote in person.

Your attention is directed to the remainder of the proxy statement/prospectus following this notice (including the Annexes and other documents referred to herein) for a more complete description of the Proposed Transaction and related transactions and each of the proposals. You are encouraged to read this proxy statement/prospectus carefully and in its entirety, including the Annexes and other documents referred to herein. If you have any questions or need assistance voting your Ordinary Shares, please contact Morrow Sodali LLC, our proxy solicitor, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing DEH.info@investor.morrowsodali.com. This notice of extraordinary general meeting and the proxy statement/prospectus are available at https://[•].

Thank you for your participation. We look forward to your continued support.

By Order of the Board of Directors of D8 Holdings Corp.

   

David Chu

   

Chairman of the Board of Directors

   

TO EXERCISE YOUR REDEMPTION RIGHTS, YOU MUST DEMAND IN WRITING THAT YOUR PUBLIC SHARES ARE REDEEMED FOR A PRO RATA PORTION OF THE FUNDS HELD IN THE TRUST ACCOUNT AND TENDER YOUR SHARES TO D8’S TRANSFER AGENT AT LEAST TWO BUSINESS DAYS PRIOR TO THE VOTE AT THE EXTRAORDINARY GENERAL MEETING. YOU MAY TENDER YOUR SHARES BY EITHER DELIVERING YOUR SHARE CERTIFICATE TO THE TRANSFER AGENT OR BY DELIVERING YOUR SHARES ELECTRONICALLY USING THE DEPOSITORY TRUST COMPANY’S DWAC (DEPOSIT WITHDRAWAL AT CUSTODIAN) SYSTEM. IF THE BUSINESS COMBINATION IS NOT CONSUMMATED, THEN THESE SHARES WILL BE RETURNED TO YOU OR YOUR ACCOUNT. IF YOU HOLD THE SHARES IN STREET NAME, YOU WILL NEED TO INSTRUCT THE ACCOUNT EXECUTIVE AT YOUR BANK OR BROKER TO WITHDRAW THE SHARES FROM YOUR ACCOUNT IN ORDER TO EXERCISE YOUR REDEMPTION RIGHTS.

 

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TABLE OF CONTENTS

 

Page

REFERENCES TO ADDITIONAL INFORMATION

 

1

FREQUENTLY USED TERMS

 

2

MARKET AND INDUSTRY DATA

 

8

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

9

QUESTIONS AND ANSWERS FOR SHAREHOLDERS OF D8

 

11

SUMMARY OF THE PROXY STATEMENT/PROSPECTUS

 

27

SUMMARY HISTORICAL FINANCIAL INFORMATION OF D8

 

43

SUMMARY HISTORICAL FINANCIAL INFORMATION OF VICARIOUS SURGICAL

 

44

SELECTED UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

 

45

COMPARATIVE PER SHARE INFORMATION

 

47

RISK FACTORS

 

49

EXTRAORDINARY GENERAL MEETING OF D8

 

104

THE BUSINESS COMBINATION PROPOSAL

 

111

THE DOMESTICATION PROPOSAL

 

146

THE STOCK ISSUANCE PROPOSAL

 

153

THE ORGANIZATIONAL DOCUMENTS PROPOSAL

 

155

THE ADVISORY ORGANIZATIONAL DOCUMENTS PROPOSALS

 

157

THE NEW VICARIOUS SURGICAL EQUITY INCENTIVE PLAN PROPOSAL

 

169

THE DIRECTOR ELECTION PROPOSAL

 

175

THE SHAREHOLDER ADJOURNMENT PROPOSAL

 

176

U.S. FEDERAL INCOME TAX CONSIDERATIONS

 

177

UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION

 

191

INFORMATION ABOUT D8

 

200

DIRECTORS, OFFICERS, EXECUTIVE COMPENSATION AND CORPORATE GOVERNANCE OF D8 PRIOR TO THE BUSINESS COMBINATION

 

204

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF D8

 

210

DESCRIPTION OF D8’S AND New Vicarious Surgical’S SECURITIES

 

215

MARKET PRICE AND DIVIDENDS OF SECURITIES

 

228

BENEFICIAL OWNERSHIP OF SECURITIES

 

229

CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS

 

232

INFORMATION ABOUT VICARIOUS SURGICAL

 

237

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS OF VICARIOUS SURGICAL

 

256

EXECUTIVE COMPENSATION OF VICARIOUS SURGICAL

 

264

MANAGEMENT OF NEW VICARIOUS SURGICAL FOLLOWING THE BUSINESS
COMBINATION

 

271

SECURITIES ACT RESTRICTIONS ON RESALE OF SECURITIES

 

276

SHAREHOLDER PROPOSALS AND NOMINATIONS STOCKHOLDER PROPOSALS

 

277

SHAREHOLDER COMMUNICATIONS

 

278

LEGAL MATTERS

 

278

OTHER MATTERS

 

278

EXPERTS

 

278

DELIVERY OF DOCUMENTS TO SHAREHOLDERS

 

279

ENFORCEABILITY OF CIVIL LIABILITY

 

279

WHERE YOU CAN FIND MORE INFORMATION

 

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REFERENCES TO ADDITIONAL INFORMATION

This proxy statement/prospectus incorporates important information that is not included in or delivered with this proxy statement/prospectus. This information is available for you to review through the SEC’s website at www.sec.gov.

You may request copies of this proxy statement/prospectus or other information concerning D8, without charge, by written request to D8’s Chief Executive Officer at Unit 1008, 10/F, Champion Tower, 3 Garden Road, Central, Hong Kong; or Morrow Sodali LLC, our proxy solicitor, by calling (800) 662-5200, or banks and brokers can call collect at (203) 658-9400, or by emailing DEH.info@investor.morrowsodali.com, or from the SEC through the SEC website at the address provided above.

In order for you to receive timely delivery of the documents in advance of the extraordinary general meeting of D8 to be held virtually on [•], 2021, you must request the information no later than five business days prior to the date of the extraordinary general meeting, by [•], 2021.

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FREQUENTLY USED TERMS

Unless otherwise stated or unless the context otherwise requires, the terms “we,” “us,” “our,” and “D8” refer to D8 Holdings Corp. (which prior to the Domestication is an exempted company incorporated under the laws of the Cayman Islands and thereafter a corporation incorporated under the laws of the State of Delaware). Following the Domestication, D8 will be renamed “Vicarious Surgical Inc.” and referred to in this document as New Vicarious Surgical, and Vicarious Surgical will be renamed “VS, Inc.”.

In this document:

A&R Registration Rights Agreement” means the Amended and Restated Registration Rights Agreement to be entered into by and among D8, the Sponsor, certain Vicarious Surgical stockholders and certain other parties thereto upon the completion of the Proposed Transaction. A form of the A&R Registration Rights Agreement in substantially the form it will be executed in connection with the Closing is attached to this proxy statement/prospectus as Annex D.

Advisory Organizational Documents Proposals” means the proposals to be considered at the extraordinary general meeting to approve, on a non-binding advisory basis and as required by applicable SEC guidance, certain material differences between the Cayman Constitutional Documents and the Proposed Organizational Documents.

Available Cash” means the aggregate amount of cash available following the extraordinary general meeting of D8 shareholders from (a) the Trust Account, after deducting the amount required to satisfy redemptions of D8 Class A Ordinary Shares, if any (but prior to payment of (i) deferred underwriting commissions and (ii) transaction expenses of D8 or its affiliates), (b) outside of the Trust Account, and (c) the gross proceeds of the PIPE Investment.

Available Cash Condition” means the condition of the Merger Agreement that, as of the Closing, the Available Cash is at least $125,000,000.

Business Combination Proposal” means the proposal to be considered at the extraordinary general meeting to approve the Proposed Transaction.

Cayman Constitutional Documents” means D8’s Amended and Restated Memorandum and Articles of Association, as amended from time to time.

Closing” means the closing of the Proposed Transaction.

Code” means the Internal Revenue Code of 1986, as amended.

Companies Act” refers to the Cayman Islands Companies Act (As Revised).

Condition Precedent Proposals” mean the Business Combination Proposal, the Domestication Proposal, the Stock Issuance Proposal, the Organizational Documents Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal and the Director Election Proposal.

Continental” or the “Transfer Agent”, as applicable, means Continental Stock Transfer & Trust Company.

DGCL” means the Delaware General Corporation Law, as amended.

D8” means D8 Holdings Corp. (which prior to the Domestication is an exempted company incorporated under the laws of the Cayman Islands and after the Domestication will be a corporation incorporated under the laws of the State of Delaware).

D8 Board” means the board of directors of D8.

D8 Class A Ordinary Shares” means the Class A Ordinary Shares of D8, par value $0.0001 per share.

D8 Class B Ordinary Shares” means the Class B Ordinary Shares of D8, par value $0.0001 per share.

D8 Ordinary Shares” means, collectively, the D8 Class A Ordinary Shares and the D8 Class B Ordinary Shares.

D8 Units” means the units sold in the IPO (including pursuant to the overallotment option) consisting of a D8 Class A Ordinary Share and one-half of one D8 Warrant.

D8 Warrant” means a redeemable warrant exercisable for a D8 Class A Ordinary Share.

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Director Election Proposal” means the proposal to be considered at the extraordinary general meeting to elect nine directors to serve on the New Vicarious Surgical Board until the 2022 annual meeting of stockholders of New Vicarious Surgical and until their respective successors are duly elected and qualified.

Domestication” means the continuation of D8 by way of domestication of D8 into a Delaware corporation under the applicable provisions of the Companies Act and the DGCL; the term includes all matters and necessary or ancillary changes in order to effect such Domestication, including the adoption of the Proposed Certificate of Incorporation (as attached hereto at Annex B-1) consistent with the DGCL and changing the name and registered office of D8.

Domestication Proposal” means the proposal to be considered at the extraordinary general meeting to approve the Domestication.

DWAC” means The Depository Trust Company’s deposit/withdrawal at custodian system.

Effective Time” means the effective time of the Business Combination.

Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended.

Extraordinary General Meeting” means the extraordinary general meeting of D8’s shareholders, to be held virtually at [•] a.m. Eastern Time on [•], 2021 at [•], and any adjournments or postponements thereof.

Founder Shares” means the 8,625,000 currently outstanding D8 Class B Ordinary Shares of D8 owned by the Initial Shareholders.

Fully Diluted Adjusted Merger Consideration” means a ratio determined by, with respect to each share (calculated separately for each separate class) of Vicarious Surgical capital stock, such portion of the merger consideration such share would be entitled to receive if the merger consideration was distributed to all Vicarious Surgical stockholders in accordance with the distribution and liquidation mechanics in Vicarious Surgical’s organizational documents.

GAAP” means U.S. generally accepted accounting principles.

Initial Shareholders” means the Sponsor, Michael Kives, Fred Langhammer, Terry Lundgren and Robert Kirby.

Insiders” means the Sponsor, each of the Initial Shareholders, each other director of D8 and each other officer of D8.

Insider Letter” means D8’s letter agreements with its Sponsor, directors and officers, dated July 14, 2020 and April 9, 2021, containing provisions relating to transfer restrictions of the Founder Shares and Private Placement Warrants, indemnification of the Trust Account, waiver of Redemption Rights and participation in liquidation distributions from the Trust Account.

IPO” means D8’s initial public offering of the D8 Units, D8 Class A Ordinary Shares and D8 Warrants pursuant to registration statements on Form S-1 declared effective by the SEC on July 14, 2020 (SEC File Nos. 333-239503 and 333-239863). On July 17, 2020, D8 completed its initial public offering.

Merger” means the statutory merger of Merger Sub with and into Vicarious Surgical pursuant to the terms of the Merger Agreement and under the applicable provisions of the DGCL, with Vicarious Surgical continuing as the surviving entity and becoming a subsidiary of New Vicarious Surgical.

Merger Agreement” means the Agreement and Plan of Merger, dated as of April 15, 2021, by and among D8, Merger Sub, Vicarious Surgical and the Stockholder Representative, as it may be amended and supplemented from time to time. A copy of the Merger Agreement is attached to this proxy statement/prospectus as Annex A.

Merger Sub” means Snowball Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of D8.

New Vicarious Surgical” means D8 following the Closing (which will be renamed “Vicarious Surgical Inc.”).

New Vicarious Surgical Board” means the board of directors of New Vicarious Surgical subsequent to the Closing.

New Vicarious Surgical Class A Stock” means the Class A Common Stock of New Vicarious Surgical, par value $0.0001 per share.

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New Vicarious Surgical Class A Share” means a share of New Vicarious Surgical Class A Stock.

New Vicarious Surgical Class B Stock” means the Class B Common Stock of New Vicarious Surgical, par value $0.0001 per share.

New Vicarious Surgical Class B Share” means a share of New Vicarious Surgical Class B Stock.

New Vicarious Surgical Common Stock” means, collectively, all shares of the New Vicarious Surgical Class A Stock and New Vicarious Surgical Class B Stock.

New Vicarious Surgical Equity Incentive Plan” means the New Vicarious Surgical Equity Incentive Plan, which will become effective upon the Closing. A copy of the New Vicarious Surgical Equity Incentive Plan is attached to this proxy statement/prospectus as Annex C.

New Vicarious Surgical Equity Incentive Plan Proposal” means the proposal to be considered at the extraordinary general meeting to approve the New Vicarious Surgical Equity Incentive Plan.

New Vicarious Surgical Warrant” means a D8 Warrant or Vicarious Surgical Warrant that is converted into a redeemable warrant exercisable for one New Vicarious Surgical Class A Share.

NYSE” means the New York Stock Exchange.

Organizational Documents Proposal” means the proposal to be considered at the extraordinary general meeting to approve by special resolution the Proposed Certificate of Incorporation and the Proposed By-Laws. A copy of each of the Proposed Certificate of Incorporation and the Proposed By-Laws is attached to this proxy statement/prospectus as Annex B-1 and Annex B-2, respectively.

Person” means any individual, firm, corporation, partnership, limited liability company, incorporated or unincorporated association, joint venture, joint stock company, governmental authority or instrumentality or other entity of any kind.

PIPE Investment” means the proposed issuance and sale of $115 million of the New Vicarious Surgical Class A Stock in a private placement to the PIPE Investors pursuant to the Subscription Agreements.

PIPE Investors” means the accredited investors and qualified institutional buyers who entered into the Subscription Agreements with D8 for the PIPE Investment.

Private Placement Warrants” means the 8,900,000 private placement warrants, each exercisable for one D8 Class A Ordinary Share at $11.50 per share, purchased by the Sponsor for a purchase price of $8,900,000, or $1.00 per warrant.

Proposed By-Laws” mean the proposed by-laws of New Vicarious Surgical to be in effect following the Domestication and Business Combination, a form of which is attached to this proxy statement/prospectus as Annex B-2.

Proposed Certificate of Incorporation” means the proposed certificate of incorporation of New Vicarious Surgical to be in effect following the Domestication and the Business Combination, a form of which is attached to this proxy statement/prospectus as Annex B-1.

Proposed Organizational Documents” means the Proposed Certificate of Incorporation and the Proposed By-Laws.

Proposed Transaction” or “Business Combination” means the transactions contemplated by the Merger Agreement.

Public Shareholders” means the holders of D8 Class A Ordinary Shares that were sold in the IPO (whether they were purchased in the IPO or thereafter in the open market).

Public Shares” means the D8 Class A Ordinary Shares sold in the IPO (whether they were purchased in the IPO as part of the D8 Unit or thereafter in the open market).

Public Warrant Holders” means the holders of the Public Warrants.

Public Warrants” means D8’s warrants sold in the IPO (whether they were purchased in the IPO as part of the D8 Unit or thereafter in the open market).

Record Date” means [•], 2021.

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Redemption” means the redemption of Public Shares for the Redemption Price.

Redemption Price” means an amount equal to a pro rata portion of the aggregate amount then on deposit in the Trust Account in accordance with the Cayman Constitutional Documents (as equitably adjusted for stock splits, stock dividends, combinations, recapitalizations and the like after the Closing). The Redemption Price will be calculated two business days prior to the completion of the Proposed Transaction in accordance with the Cayman Constitutional Documents.

Redemption Rights” means the rights of the Public Shareholders to demand Redemption of their Public Shares into cash in accordance with the procedures set forth in the Cayman Constitutional Documents and this proxy statement/prospectus.

Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002.

SEC” means the U.S. Securities and Exchange Commission.

Securities Act” means the U.S. Securities Act of 1933, as amended.

Shareholder Adjournment Proposal” means the proposal to be considered at the extraordinary general meeting to adjourn the extraordinary general meeting to a later date or dates, if necessary to permit further solicitation and vote of proxies if it is determined by D8 that more time is necessary or appropriate to approve one or more proposal at the extraordinary general meeting.

Shareholder Proposals” means, collectively, (a) the Business Combination Proposal, (b) the Domestication Proposal, (c) the Stock Issuance Proposal, (d) the Organizational Documents Proposal, (e) the Advisory Organizational Documents Proposals, (f) the New Vicarious Surgical Equity Incentive Plan Proposal, (g) the Director Election Proposal, and (h) the Shareholder Adjournment Proposal, if presented.

Sponsor” means D8 Sponsor LLC, a Cayman Islands limited liability company.

Sponsor Support Agreement” means the support agreement, dated as of April 15, 2021, entered by and among D8, Vicarious Surgical and the Insiders, as they may be amended and supplemented from time to time. A copy of the form of the Sponsor Support Agreement is attached as Exhibit D to the Merger Agreement which is attached to this proxy statement/prospectus as Annex A.

Stock Issuance Proposal” means the proposal to be considered at the extraordinary general meeting to approve the issuance of New Vicarious Surgical Class A Shares to (a) the PIPE Investors pursuant to the PIPE Investment (each as defined in the accompanying proxy statement/prospectus) and (b) the Vicarious Surgical Stockholders pursuant to the Merger Agreement.

Subscription Agreements” means the Subscription Agreements, each dated April 15, 2021, entered into between D8 and each of the PIPE Investors in respect of the PIPE Investment.

Target Company” means Vicarious Surgical.

Transaction Documents” means each of the agreements and instruments contemplated by the Merger Agreement or otherwise related to the transactions contemplated by the Merger Agreement and such other agreements or instruments contemplated by the Merger Agreement, in each case that was executed and delivered on the date of the Merger Agreement or on or prior to the date of Closing by a Vicarious Surgical Stockholder, Vicarious Surgical, D8, Merger Sub, the Sponsor and/or any of their respective affiliates, including, the Insider Letter, the A&R Registration Rights Agreement, the Letter of Transmittal, the Proposed Certificate of Incorporation, the Proposed By-Laws, the Vicarious Surgical Voting Agreement, the Sponsor Support Agreement, the Director Nomination Agreement and all documents and agreements entered into in connection with the PIPE Investment, including the Subscription Agreements.

Transactions” means, collectively, the Business Combination and the transactions contemplated by the Subscription Agreements.

Trust Account” means the trust account of D8, which holds the net proceeds from the IPO and the sale of the Private Placement Warrants, together with interest earned thereon, less amounts released to pay taxes.

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Trust Agreement” means the Investment Management Trust Agreement, dated as of July 14, 2020, by and between D8 and the Transfer Agent.

Vicarious Surgical” means Vicarious Surgical Inc., a Delaware corporation, which will be renamed “VS, Inc.” after the consummation of the Business Combination.

Vicarious Surgical Board” means the board of directors of Vicarious Surgical prior to the Closing.

Vicarious Surgical Class A Stock” means the shares of Class A Common Stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Class B Stock” means the shares of Class B Common Stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Common Stock” means, collectively, all shares of the Vicarious Surgical Class A Stock and Vicarious Surgical Class B Stock.

“Vicarious Surgical Founders” means, collectively, Adam Sachs, Barry Greene and Sammy Khalifa.

Vicarious Surgical Preferred Stock” means the shares of Vicarious Surgical Series A Preferred Stock, Vicarious Surgical Series A1 Preferred Stock, Vicarious Surgical Series A2 Preferred Stock and Vicarious Surgical Series A3 Preferred Stock.

Vicarious Surgical Series A Preferred Stock” means the shares of Series A preferred stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Series A1 Preferred Stock” means the shares of Series A1 preferred stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Series A2 Preferred Stock” means the shares of Series A2 preferred stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Series A3 Preferred Stock” means the shares of Series A3 preferred stock, par value $0.0001 per share, of Vicarious Surgical.

Vicarious Surgical Stockholder” means a stockholder of Vicarious Surgical prior to the Closing of the Merger.

Vicarious Surgical Voting Agreement” means the Voting Agreement entered into by and among D8, Vicarious Surgical and certain stockholders of Vicarious Surgical on April 15, 2021, as may be amended and supplemented from time to time thereafter. A copy of the form of the Vicarious Surgical Voting Agreement is attached as Exhibit C to the Merger Agreement which is attached to this proxy statement/prospectus as Annex A.

Warrant Agreement” means the Warrant Agreement, dated as of July 14, 2020, between D8 and the Transfer Agent, which governs D8’s outstanding warrants.

Share Calculations and Ownership Percentages

Unless otherwise specified (including in the sections entitled “Unaudited Pro Forma Condensed Combined Financial Information” and “Beneficial Ownership of Securities” beginning on pages 191 and 229, respectively, of this proxy statement/prospectus), the share calculations and ownership percentages set forth in this proxy statement/prospectus with respect to New Vicarious Surgical’s stockholders following the Closing are for illustrative purposes only and assume the following:

1.      No Public Shareholders exercise their Redemption Rights in connection with the Closing, and the balance of the Trust Account as of the Closing is the same as its balance on March 31, 2021 of $345,258,401. Please see the section entitled “Extraordinary General Meeting of D8 — Redemption Rights” beginning on page 107 of this proxy statement/prospectus.

2.      No D8 Warrants will be exercised.

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3.      The PIPE Investment is consummated in accordance with its terms for $115 million, with New Vicarious Surgical issuing 11,500,000 New Vicarious Surgical Class A Shares to the PIPE Investors. Please see the section entitled “The Business Combination Proposal — Related Agreements — Subscription Agreement” beginning on page 143 of this proxy statement/prospectus.

4.      Other than the PIPE Investment, there are no other issuances of equity securities of New Vicarious Surgical prior to or in connection with the Closing, including any equity awards that may be issued under the New Vicarious Surgical Equity Incentive Plan following the Business Combination.

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MARKET AND INDUSTRY DATA

We are responsible for the disclosure contained in this proxy statement/prospectus. However, information contained in this proxy statement/prospectus concerning the market and the industry in which Vicarious Surgical competes, including its market position, general expectations of market opportunity, size and growth rates, is based on information from various third-party sources, on assumptions made by Vicarious Surgical based on such sources and Vicarious Surgical’s knowledge of the markets for its services and solutions. This information and any estimates provided herein involve numerous assumptions and limitations, and third-party sources generally state that the information contained in such source has been obtained from sources believed to be reliable. The industry in which Vicarious Surgical operates is subject to a high degree of uncertainty and risk. As a result, the estimates and market and industry information provided in this proxy statement/prospectus are subject to change based on various factors, including those described in the sections entitled “Cautionary Note Regarding Forward-Looking Statements” beginning on page 9 of this proxy statement/prospectus and “Risk Factors — Risks Related to Vicarious Surgical’s Business” beginning on page 64 of this proxy statement/prospectus and elsewhere in this proxy statement/prospectus.

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This proxy statement/prospectus contains forward-looking statements. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies or expectations for our business, and the timing and ability for D8 and Vicarious Surgical to complete the Proposed Transaction. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this proxy statement/prospectus, words such as “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “seek”, “should”, “strive”, “target”, “will”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

Forward-looking statements in this proxy statement/prospectus and in any document incorporated by reference in this proxy statement/prospectus may include, for example, statements about:

•        the benefits of the Proposed Transaction;

•        the ability to consummate the Business Combination;

•        the future financial performance of New Vicarious Surgical following the Proposed Transaction;

•        changes in the market for Vicarious Surgical’s products and services; and

•        expansion plans and opportunities.

These forward-looking statements are based on information available as of the date of this proxy statement/prospectus and D8 and Vicarious Surgical managements’ current expectations, forecasts and assumptions, and involve a number of judgments, known and unknown risks and uncertainties and other factors, many of which are outside the control of D8, Vicarious Surgical and their respective directors, officers and affiliates. Accordingly, forward-looking statements should not be relied upon as representing D8’s views as of any subsequent date. D8 does not undertake any obligation to update, add or to otherwise correct any forward-looking statements contained herein to reflect events or circumstances after the date they were made, whether as a result of new information, future events, inaccuracies that become apparent after the date hereof or otherwise, except as may be required under applicable securities laws.

You should not place undue reliance on these forward-looking statements in deciding how your vote should be cast or in voting your shares on the proposals set out in this proxy statement/prospectus. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to:

•        the occurrence of any event, change or other circumstances that could delay the Proposed Transaction or give rise to the termination of the Merger Agreement;

•        the outcome of any legal proceedings that may be instituted against Vicarious Surgical or D8 following announcement of the Proposed Transaction and transactions contemplated thereby;

•        the inability to complete the Proposed Transaction due to the failure to obtain approval of the D8 shareholders, the inability to complete the PIPE Investment, the failure of D8 to satisfy the Available Cash Condition or the failure to meet other conditions to closing in the Merger Agreement;

•        the inability to maintain the listing of the New Vicarious Surgical Class A Stock on the NYSE following the Proposed Transaction;

•        the risk that the Proposed Transaction disrupts current plans and operations;

•        the ability to recognize the anticipated benefits of the Proposed Transaction, which may be affected by, among other things, competition, and the ability of New Vicarious Surgical to grow and manage growth profitably;

•        costs related to the Proposed Transaction;

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•        changes in the market in which Vicarious Surgical competes, including with respect to its competitive landscape, technology evolution or changes in applicable laws or regulations;

•        the impact of the novel coronavirus (“COVID-19”) pandemic;

•        changes in the vertical markets that Vicarious Surgical targets;

•        changes to Vicarious Surgical’s relationships within the surgical robotics industry;

•        the inability to launch new Vicarious Surgical services and products or to profitably expand into new markets;

•        the inability to execute Vicarious Surgical’s growth strategies, including identifying and executing acquisitions;

•        the inability to develop and maintain effective internal controls and procedures;

•        the exposure to any liability, protracted and costly litigation or reputational damage relating to Vicarious Surgical’s data security;

•        the possibility that Vicarious Surgical or D8 may be adversely affected by other economic, business, and/or competitive factors; and

•        other risks and uncertainties indicated in this proxy statement/prospectus, including those set forth under the section entitled “Risk Factors” beginning on page 49 of this proxy statement/prospectus.

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QUESTIONS AND ANSWERS FOR SHAREHOLDERS OF D8

The questions and answers below highlight only selected information from this document and only briefly address some commonly asked questions about the proposals to be presented at the extraordinary general meeting, including with respect to the Proposed Transaction. The following questions and answers do not include all the information that is important to D8’s shareholders. D8 urges shareholders to read this proxy statement/prospectus, including the Annexes and the other documents referred to herein, carefully and in their entirety to fully understand the Proposed Transaction and the voting procedures for the extraordinary general meeting, which will be held at [•], Eastern Time, on [•], 2021, at the offices of White & Case LLP located at 1221 Avenue of the Americas, New York, NY 10020, and virtually via live webcast. To participate in the extraordinary general meeting online, visit https://[•] and enter the 12 digit control number included on your proxy card. You may register for the extraordinary general meeting as early as [•], Eastern Time, on [•], 2021. If you hold your shares through a bank, broker or other nominee, you will need to take additional steps to participate in the extraordinary general meeting, as described in this proxy statement.

Q.     Why am I receiving this proxy statement/prospectus?

A.     D8 shareholders are being asked to consider and vote upon, among other proposals, a proposal to approve and adopt the Merger Agreement and approve the Proposed Transaction. The Merger Agreement provides for, among other things, the merger of Merger Sub with and into Vicarious Surgical, with Vicarious Surgical surviving the merger, in accordance with the terms and subject to the conditions of the Merger Agreement as more fully described elsewhere in this proxy statement/prospectus. See the section entitled “The Business Combination Proposal” beginning on page 111 of this proxy statement/prospectus for more detail.

A copy of the Merger Agreement is attached to this proxy statement/prospectus as Annex A and you are encouraged to read it in its entirety.

As a condition to the Merger, D8 will change its jurisdiction of incorporation by effecting a deregistration under Section 206 of the Companies Act and a domestication under Section 388 of the DGCL, pursuant to which D8’s jurisdiction of incorporation will be changed from the Cayman Islands to the State of Delaware. In connection with the Domestication, (a) each D8 Class B Ordinary Share, will convert automatically, on a one-for-one basis, into a D8 Class A Ordinary Share; (ii) immediately following the conversion described in clause (i), each of the then issued and outstanding D8 Class A Ordinary Shares will convert automatically, on a one-for-one basis, into a share of New Vicarious Surgical Class A Stock, each of which will carry voting rights of one vote per share; (iii) each of the then issued and outstanding D8 Warrants will automatically become a warrant to acquire one New Vicarious Surgical Warrant pursuant to the related warrant agreement; and (iv) each of the then issued and outstanding D8 Units shall be separated into its component parts, consisting of one share of New Vicarious Surgical Class A Stock and one-half of one New Vicarious Surgical Warrant.

Concurrently with the Domestication and subject to satisfaction or waiver of the conditions set forth in the Merger Agreement, D8 will implement a revised dual class structure with shares of New Vicarious Surgical Class A Stock and shares of New Vicarious Surgical Class B Stock, with the same terms as New Vicarious Surgical Class A Stock, but carrying increased voting rights in the form of 20 votes per share. See “The Domestication Proposal” beginning on page 146 of this proxy statement/prospectus for additional information.

THE VOTE OF PUBLIC SHAREHOLDERS IS IMPORTANT. PUBLIC SHAREHOLDERS ARE ENCOURAGED TO VOTE AS SOON AS POSSIBLE AFTER CAREFULLY REVIEWING THIS PROXY STATEMENT/PROSPECTUS, INCLUDING THE ANNEXES AND THE ACCOMPANYING FINANCIAL STATEMENTS OF D8 AND VICARIOUS SURGICAL, CAREFULLY AND IN ITS ENTIRETY.

Q.     What proposals are shareholders of D8 being asked to vote upon?

A.     At the extraordinary general meeting, D8 is asking holders of D8 Ordinary Shares to consider and vote upon:

•        The Business Combination Proposal;

•        The Domestication Proposal;

•        The Stock Issuance Proposal;

•        The Organizational Documents Proposal;

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•        The Advisory Organizational Documents Proposals;

•        The New Vicarious Surgical Equity Incentive Plan Proposal;

•        The Director Election Proposal; and

•        The Shareholder Adjournment Proposal, if presented.

If D8’s shareholders do not approve each of the Condition Precedent Proposals, then unless certain conditions in the Merger Agreement are waived by the applicable parties to the Merger Agreement, the Merger Agreement could be terminated and the Proposed Transaction may not be consummated. See “The Business Combination Proposal,” “The Domestication Proposal,” “The Stock Issuance Proposal,” “The Organizational Documents Proposal,” “The New Vicarious Surgical Equity Incentive Plan Proposal,” and “The Director Election Proposal” beginning on pages 111, 146, 153, 155, 169 and 175 of this proxy statement/prospectus, respectively.

D8 will hold the extraordinary general meeting to consider and vote upon these proposals. This proxy statement/prospectus contains important information about the Proposed Transaction and the other matters to be acted upon at the extraordinary general meeting. Shareholders of D8 should read it carefully.

After careful consideration, the D8 Board has determined that each of (a) the Business Combination Proposal, (b) the Domestication Proposal, (c) the Stock Issuance Proposal, (d) the Organizational Documents Proposal, (e) the Advisory Organizational Documents Proposals, (f) the New Vicarious Surgical Equity Incentive Plan Proposal, (g) the Director Election Proposal, and (h) and the Shareholder Adjournment Proposal, if presented, are in the best interests of D8 and its shareholders and unanimously recommends that you vote or give instruction to vote “FOR” each of those proposals.

The existence of financial and personal interests of one or more of D8’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of D8 and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, D8’s officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of this proxy statement/prospectus for a further discussion of these considerations.

Q.     Are the proposals conditioned on one another?

A.     Yes. The Proposed Transaction is conditioned on the approval of each of the Condition Precedent Proposals at the extraordinary general meeting. Each of the Condition Precedent Proposals is cross-conditioned on the approval of each other. The Advisory Organizational Documents Proposals and the Shareholder Adjournment Proposal are not conditioned upon the approval of any other proposal.

Q.     Why is D8 proposing the Proposed Transaction?

A.     D8 was incorporated to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination, with one or more businesses or entities. Vicarious Surgical is combining advanced miniaturized robotics, computer science and 3D visualization to build an intelligent and affordable, single-incision surgical robot, called the Vicarious System, that virtually transports surgeons inside the patient to perform minimally invasive surgery, or MIS.

Based on its due diligence investigations of Vicarious Surgical and the industry in which it operates, including the financial and other information provided by Vicarious Surgical in the course of D8’s due diligence investigations, the D8 Board believes that the Proposed Transaction with Vicarious Surgical is in the best interests of D8 and its shareholders and presents an opportunity to increase shareholder value. However, there is no assurance of this. See “The Business Combination Proposal — D8 Board of Director’s Reasons for the Approval of the Business Combination” beginning on page 116 of this proxy statement/prospectus for additional information.

Although the D8 Board believes that the Proposed Transaction with Vicarious Surgical presents a unique business combination opportunity and is in the best interests of D8 and its shareholders, the D8 Board did consider certain potentially material negative factors in arriving at that conclusion. These factors are discussed in greater detail in

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the section entitled “The Business Combination Proposal — D8 Board of Director’s Reasons for the Approval of the Business Combination,” beginning on page 116 of this proxy statement/prospectus as well as in the sections entitled “Risk Factors — Risks Related to Vicarious Surgical’s Business” beginning on page 64 of this proxy statement/prospectus.

Q.     What will Vicarious Surgical Stockholders receive in connection with the Business Combination?

A.     D8 has agreed to pay approximately $1.0 billion in aggregate consideration. The Vicarious Surgical Stockholders (except for the Vicarious Surgical Founders) will receive shares of New Vicarious Surgical Class A Stock (valued at $10.00 per share) equal to (i) the amount of shares of Vicarious Surgical capital stock owned by such holder multiplied by (ii) the Fully Diluted Adjusted Merger Consideration for each share in such class of Vicarious Surgical capital stock. The Vicarious Surgical Founders will receive shares of New Vicarious Surgical Class B Stock equal to (i) the amount of Vicarious Surgical capital stock owned by such Vicarious Surgical Founder multiplied by (ii) the Fully Diluted Adjusted Merger Consideration for each share in such class of Vicarious Surgical capital stock.

Treatment of Vicarious Surgical Options

Each Vicarious Surgical Option that is outstanding as of immediately prior to the Effective Time (whether vested or unvested) shall be assumed by D8 and shall be converted into an option to acquire New Vicarious Surgical Class A Stock with the same terms and conditions as applied to the Vicarious Surgical Option immediately prior to the Effective Time; provided that the number of shares underlying such New Vicarious Surgical option will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Option shall be determined by dividing the per share exercise price of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded up to the nearest whole cent. See “The Business Combination Proposal — Merger Agreement — Consideration — Treatment of Vicarious Surgical Options” beginning on page 126 of this proxy statement/prospectus.

Treatment of Vicarious Surgical Warrants

Each warrant to purchase shares of Vicarious Surgical capital stock that is issued and outstanding prior to the Effective Time and has not been exercised or terminated pursuant to its terms will be assumed and converted into a warrant exercisable for shares of New Vicarious Surgical Class A Stock; provided that the number of shares underlying such New Vicarious Surgical Warrant will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical warrant shall be determined by dividing the per share exercise price of such Vicarious Surgical warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded down to the nearest whole cent. See “The Business Combination Proposal — Merger Agreement — Consideration — Treatment of Vicarious Surgical Warrants” beginning on page 126 of this proxy statement/prospectus.

Q.     What equity stake will current D8 shareholders and Vicarious Surgical Stockholders hold in New Vicarious Surgical immediately after the consummation of the Proposed Transaction?

The total maximum number of shares of New Vicarious Surgical Common Stock expected to be outstanding immediately following the Closing is approximately 141,996,827 shares, assuming no redemptions, consisting of 122,269,991 shares of New Vicarious Surgical Class A Stock and 19,726,836 shares of New Vicarious Surgical Class B Stock. The New Vicarious Surgical Class A Stock is comprised of: (i) 67,644,991 shares of New Vicarious Surgical Class A Stock issued to Vicarious Surgical stockholders (other than the Vicarious Surgical Founders, who will be issued New Vicarious Surgical Class B Stock) in the Merger, (ii) 11,500,000 shares of New Vicarious Surgical Class A Stock issued in connection with the Closing to the PIPE Investors pursuant to the PIPE Investment, (iii) 8,625,000 shares of New Vicarious Surgical Class A Stock issued to the Initial Shareholders; and (iv) 34,500,000 shares of New Vicarious Surgical Class A Stock held by public stockholders holding shares of New Vicarious Surgical Class A Stock outstanding at the Effective Time.

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The total number of shares of New Vicarious Surgical Class B Stock expected to be issued to the Vicarious Surgical Founders at the Closing is approximately 19,726,836 shares. In addition, New Vicarious Surgical will assume unexercised and/or unvested options and warrants to purchase approximately 12,311,767 shares of New Vicarious Surgical Class A Stock that are held by Vicarious Surgical securityholders at the Effective Time.

Vicarious Surgical stockholders are expected to hold, in the aggregate, approximately 61.5% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 55.2% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 89.4% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 85.5% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s sponsors and its affiliates are expected to hold, in the aggregate, approximately 6.1% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 9.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 1.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 3.2% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. D8’s current public security holders are expected to hold, in the aggregate, approximately 24.3% of the issued and outstanding shares of New Vicarious Surgical Common Stock immediately following the Closing, assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, approximately 28.7% of the New Vicarious Surgical Common Stock on a fully-diluted basis (excluding unallocated options), approximately 6.7% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of New Vicarious Surgical Class A Stock are exercised, and approximately 9.3% of the voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions. The Vicarious Surgical Founders are expected to hold approximately 76.3% of the combined voting power of New Vicarious Surgical immediately following the Closing assuming no options or warrants to purchase shares of new Vicarious Surgical Class A Stock are exercised, and approximately 71.1% of the combined voting power of New Vicarious Surgical on a fully-diluted basis (excluding unallocated options), in each case assuming no redemptions.

Q.     How has the announcement of the Proposed Transaction affected the trading price of the D8 Class A Ordinary Shares?

A.     On April 14, 2021, the last trading date prior to the public announcement of the Proposed Transaction, D8 Units, D8 Class A Ordinary Shares and Public Warrants closed at $10.52, $9.98 and $1.11, respectively. As of June 10, 2021, the last trading day immediately prior to the initial filing date of this proxy statement/prospectus, the closing price for each D8 Unit, D8 Class A Ordinary Share and Public Warrant was $10.59, $9.90 and $1.48, respectively.

Q.     Will D8 obtain new financing in connection with the Proposed Transaction?

A.     Yes. The PIPE Investors have agreed to purchase in the aggregate 11,500,000 shares of New Vicarious Surgical Class A Stock, for $115,000,000 of gross proceeds, in the PIPE Investment. See “The Business Combination Proposal — Related Agreements — Subscription Agreements” beginning on page 143 of this proxy statement/prospectus.

Q.     Why is D8 proposing the Domestication?

A.     The D8 Board believes that there are significant advantages to New Vicarious Surgical that will arise as a result of a change of D8’s domicile to the State of Delaware. Further, the D8 Board believes that any direct benefit that the DGCL provides to a corporation also indirectly benefits its stockholders, who are the owners of the corporation. The D8 Board believes that there are several reasons why a reincorporation in the State of Delaware is in the best interests of D8 and its shareholders, including (a) the prominence, predictability and flexibility of the DGCL, (b) Delaware’s well-established principles of corporate governance and (c) the increased ability for Delaware corporations to attract and retain qualified directors. Each of the foregoing are discussed in greater detail in the section entitled “The Domestication Proposal — Reasons for the Domestication” beginning on page 146 of this proxy statement/prospectus.

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To effect the Domestication, D8 will file a notice of deregistration with the Cayman Islands Registrar of Companies, together with the necessary accompanying documents, and file the Proposed Certificate of Incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware, under which D8 will be domesticated and continue as a Delaware corporation.

The approval of the Domestication Proposal is a condition to the closing of the Merger under the Merger Agreement. The approval of the Domestication Proposal requires a special resolution under the Companies Act, being the affirmative vote of the holders of a majority of at least two-thirds of the D8 Ordinary Shares who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. Holders of D8 Class B Ordinary Shares and D8 Class A Ordinary Shares will have one vote per share on all proposals. Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the extraordinary general meeting and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal).

Q.     What amendments will be made to the Cayman Constitutional Documents?

A.     The consummation of the Proposed Transaction is conditioned, among other things, on the Domestication. Accordingly, in addition to voting on the Proposed Transaction, D8’s shareholders are also being asked to consider and vote upon a proposal to approve the Domestication and replace the Cayman Constitutional Documents, in each case, under the Companies Act, with the Proposed Certificate of Incorporation and the Proposed By-Laws, in each case, under the DGCL, which differ materially from the Cayman Constitutional Documents. These differences are discussed in greater detail in the section entitled “The Domestication Proposal” beginning on page 146 of this proxy statement/prospectus.

Q.     How will the Domestication affect my D8 Class A Ordinary Shares, D8 Warrants and D8 Units?

A.     As a result of and upon the effective time of the Domestication, (a) each D8 Unit issued and outstanding immediately prior to the Domestication will automatically be separated into the underlying D8 Class A Ordinary Share and one-half of a D8 Warrant, (b) each D8 Class A Ordinary Share issued and outstanding immediately prior to the Domestication will remain outstanding and will automatically convert into one New Vicarious Surgical Class A Share (provided that each D8 Class A Ordinary Share owned by Public Shareholders who have validly elected to redeem their D8 Class A Ordinary Shares will be converted, but will be redeemed for cash in an amount equal to the Redemption Price), (c) each D8 Class B Ordinary Share issued and outstanding immediately prior to the Domestication will be automatically converted into one New Vicarious Surgical Class A Share, (d) each D8 Warrant will be automatically converted into a redeemable New Vicarious Surgical Warrant on the same terms as the D8 Warrants, and (e) each Private Placement Warrant issued and outstanding prior to the Domestication will be automatically converted into a warrant exercisable for one New Vicarious Surgical Class A Share on the terms and subject to the conditions set forth in the applicable warrant agreement.

Q.     What are the material U.S. federal income tax considerations of the Domestication?

A.     As discussed more fully under “U.S. Federal Income Tax Considerations” beginning on page 177 of this proxy statement/prospectus, White & Case LLP has delivered an opinion that the Domestication will qualify as a reorganization within the meaning of Section 368(a)(1)(F) of the Code (an “F Reorganization”). As such, subject to the “passive foreign investment company” (“PFIC”) rules discussed below and under “U.S. Federal Income Tax Considerations — U.S. Holders — Tax Effects of the Domestication to U.S. Holders — PFIC Considerations” beginning on page 182 of this proxy statement/prospectus, U.S. Holders (as defined in “U.S. Federal Income Tax Considerations — U.S. Holders”) will be subject to Section 367(b) of the Code and, as a result:

•        a U.S. Holder who beneficially owns (directly, indirectly or constructively) 10% or more of the total combined voting power of all classes of D8 Ordinary Shares entitled to vote or 10% or more of the total value of all classes of D8 Ordinary Shares (a “10% U.S. Shareholder”) on the date of the Domestication must include in income as a dividend deemed paid by D8 the “all earnings and profits amount” attributable to the D8 Class A Ordinary Shares it directly owns within the meaning of Treasury Regulations under Section 367 of the Code;

•        a U.S. Holder whose D8 Class A Ordinary Shares have a fair market value of $50,000 or more and who, on the date of the Domestication, is not a 10% U.S. Shareholder will recognize gain (but not loss) with respect to its D8 Class A Ordinary Shares in the Domestication or, in the alternative, may elect to recognize the “all earnings and profits” amount attributable to such U.S. Holder’s D8 Class A Ordinary Shares; and

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•        a U.S. Holder whose D8 Class A Ordinary Shares have a fair market value of less than $50,000 on the date of the Domestication and who, on the date of the Domestication, is not a 10% U.S. Shareholder, should not be required to recognize any gain or loss or include any part of the “all earnings and profits amount” in income under Section 367 of the Code in connection with the Domestication.

D8 does not expect to have significant cumulative earnings and profits, if any, on the date of the Domestication.

As discussed more fully under “U.S. Federal Income Tax Considerations — U.S. Holders — Tax Effects of the Domestication to U.S. Holders — PFIC Considerations” beginning on page 182 of this proxy statement/prospectus, D8 believes that it is likely classified as a PFIC for U.S. federal income tax purposes. In such case, notwithstanding the U.S. federal income tax consequences of the Domestication discussed in the foregoing, proposed Treasury Regulations under Section 1291(f) of the Code (which have a retroactive effective date), if finalized in their current form, generally would require a U.S. Holder to recognize gain on the exchange of D8 Class A Ordinary Shares or D8 Warrants for New Vicarious Surgical Common Stock or New Vicarious Surgical Warrants pursuant to the Domestication. Any such gain would be taxable income with no corresponding receipt of cash in the Domestication. The tax on any such gain would be imposed at the rate applicable to ordinary income and an interest charge would apply based on a complex set of rules. In addition, the proposed Treasury Regulations provide coordinating rules with other sections of the Code, including Section 367(b), which affect the manner in which the rules under such other sections apply to transfers of PFIC stock. However, it is difficult to predict whether, in what form, and with what effective date, final Treasury Regulations under Section 1291(f) of the Code may be adopted and how any such Treasury Regulations would apply. Importantly, however, U.S. Holders that make or have made certain elections discussed further under “U.S. Federal Income Tax Considerations — U.S. Holders — Tax Effects of the Domestication to U.S. Holders — PFIC Considerations — QEF Election and Mark-to-Market Election” with respect to their D8 Class A Ordinary Shares are generally not subject to the same gain recognition rules under the currently proposed Treasury Regulations under Section 1291(f) of the Code. Currently, there are no elections available that apply to D8 Warrants, and the application of the PFIC rules to D8 Warrants is unclear. For a more complete discussion of the potential application of the PFIC rules to U.S. Holders as a result of the Domestication, see “U.S. Federal Income Tax Considerations — U.S. Holders” beginning on page 178 of this proxy statement/prospectus.

Each U.S. Holder is urged to consult its own tax advisor concerning the application of the PFIC rules, including the proposed Treasury Regulations, to the exchange of D8 Class A Ordinary Shares and D8 Warrants for New Vicarious Surgical Common Stock and New Vicarious Surgical Warrants pursuant to the Domestication.

Additionally, the Domestication may cause Non-U.S. Holders (as defined in “U.S. Federal Income Tax Considerations — Non-U.S. Holders” beginning on page 187 of this proxy statement/prospectus) to become subject to U.S. federal income withholding taxes on any amounts treated as dividends paid in respect of such Non-U.S. Holder’s New Vicarious Surgical Common Stock after the Domestication.

The tax consequences of the Domestication are complex and will depend on a holder’s particular circumstances. All holders are urged to consult their tax advisor regarding the tax consequences to them of the Domestication, including the applicability and effect of U.S. federal, state, local and non-U.S. tax laws. For a more complete discussion of the U.S. federal income tax considerations of the Domestication, see “U.S. Federal Income Tax Considerations” beginning on page 177 of this proxy statement/prospectus.

Q.     Do I have Redemption Rights?

A.     If you are a holder of Public Shares, you have the right to request that we redeem all or a portion of your Public Shares for cash provided that you follow the procedures and deadlines described elsewhere in this proxy statement/prospectus. Public Shareholders may elect to redeem all or a portion of the Public Shares held by them regardless of if or how they vote in respect of the Business Combination Proposal. If you wish to exercise your Redemption Rights, please see the answer to the next question: “How do I exercise my Redemption Rights?”.

Notwithstanding the foregoing, a Public Shareholder, together with any affiliate of such Public Shareholder or any other person with whom such Public Shareholder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Exchange Act), will be restricted from redeeming its Public Shares with respect to more than an aggregate of 20% of the Public Shares. Accordingly, if a Public Shareholder, alone or acting in concert or as a group, seeks to redeem more than 20% of the Public Shares, then any such shares in excess of that 20% limit would not be redeemed for cash.

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The Sponsor has agreed to waive its Redemption Rights with respect to all of the Founder Shares in connection with the consummation of the Proposed Transaction. The Founder Shares will be excluded from the pro rata calculation used to determine the per-share Redemption Price.

Q.     How do I exercise my Redemption Rights?

A.     If you are a Public Shareholder and wish to exercise your right to redeem the Public Shares, you must:

(a)          (a) hold Public Shares or (b) hold Public Shares through D8 Units and elect to separate your D8 Units into the underlying Public Shares and Public Warrants prior to exercising your Redemption Rights with respect to the Public Shares;

(b)          submit a written request to the Transfer Agent, that New Vicarious Surgical redeem all or a portion of your Public Shares for cash; and

(c)          deliver your share certificates for Public Shares (if any) along with the redemption forms to the Transfer Agent, physically or electronically through DTC.

Holders must complete the procedures for electing to redeem their Public Shares in the manner described above prior to [•], Eastern Time, on [•], 2021 (two business days before the extraordinary general meeting) in order for their Public Shares to be redeemed.

The address of the Transfer Agent is listed under the question “Who can help answer my questions?” beginning on page 25 of this proxy statement/prospectus.

Holders of D8 Units must elect to separate the D8 Units into the underlying Public Shares and Public Warrants prior to exercising Redemption Rights with respect to the Public Shares. If holders hold their D8 Units in an account at a brokerage firm or bank, holders must notify their broker or bank that they elect to separate the D8 Units into the underlying Public Shares and Public Warrants, or if a holder holds D8 Units registered in its own name, the holder must contact the Transfer Agent, directly and instruct them to do so.

Public Shareholders will be entitled to request that their Public Shares be redeemed for the Redemption Price. For illustrative purposes, as of March 31, 2021, this would have amounted to approximately $10.01 per issued and outstanding Public Share. However, the proceeds deposited in the Trust Account could become subject to the claims of D8’s creditors, if any, which could have priority over the claims of the Public Shareholders. Therefore, the per share distribution from the Trust Account in such a situation may be less than originally expected due to such claims. Whether you vote, and if you do vote irrespective of how you vote, on any proposal, including the Business Combination Proposal, will have no impact on the amount you will receive upon exercise of your Redemption Rights. It is expected that the funds to be distributed to Public Shareholders electing to redeem their Public Shares will be distributed promptly after the consummation of the Proposed Transaction.

A D8 shareholder may not withdraw a request for Redemption once submitted to D8 unless the D8 Board determines (in its sole discretion) to permit the withdrawal of such request for Redemption (which it may do in whole or in part). Furthermore, if a holder of a Public Share delivers its share certificates (if any) along with the redemption forms in connection with an election of its Redemption and subsequently decides prior to the applicable date not to elect to exercise such rights, it may simply request that D8 permit the withdrawal of the request for Redemption and instruct the Transfer Agent, to return the share certificates (physically or electronically). The holder can make such request by contacting the Transfer Agent, at the address or email address listed in this proxy statement/prospectus.

Any corrected or changed written exercise of Redemption Rights must be received by the Transfer Agent, prior to the vote taken on the Business Combination Proposal at the extraordinary general meeting. No request for Redemption will be honored unless the holder’s certificates for Public Shares (if any) along with the redemption forms have been delivered (either physically or electronically) to the Transfer Agent, at least two business days prior to the vote at the extraordinary general meeting.

If a holder of Public Shares properly makes a request for Redemption and the certificates for Public Shares (if any) along with the redemption forms are delivered as described above, then, if the Proposed Transaction is consummated, New Vicarious Surgical will redeem the Public Shares for a pro rata portion of funds deposited in the Trust Account, calculated as of two business days prior to the consummation of the Proposed Transaction.

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The Redemption will take place following the Domestication and, accordingly, it is shares of New Vicarious Surgical Common Stock that will be redeemed immediately after consummation of the Proposed Transaction. If the Proposed Transaction is not consummated, the Public Shares will be returned to the respective holder, broker or bank.

If you are a holder of Public Shares and you exercise your Redemption Rights, such exercise will not result in the loss of any Public Warrants that you may hold.

Q.     If I am a holder of D8 Units, can I exercise Redemption Rights with respect to my D8 Units?

A.     No. Holders of issued and outstanding D8 Units must elect to separate the D8 Units into the underlying Public Shares and Public Warrants prior to exercising Redemption Rights with respect to the Public Shares. If you hold your D8 Units in an account at a brokerage firm or bank, you must notify your broker or bank that you elect to separate the D8 Units into the underlying Public Shares and Public Warrants, or if you hold D8 Units registered in your own name, you must contact the Transfer Agent, directly and instruct them to do so. You are requested to cause your Public Shares to be separated and delivered to the Transfer Agent, along with the redemption forms by [•], Eastern Time, on [•], 2021 (two business days before the extraordinary general meeting) in order to exercise your Redemption Rights with respect to your Public Shares.

Q.     What are the U.S. federal income tax consequences of exercising my Redemption Rights?

A.     The U.S. federal income tax consequences of exercising your Redemption Rights with respect to your Public Shares to receive cash from the Trust Account in exchange for your New Vicarious Surgical Common Stock (received in the Domestication) depend on your particular facts and circumstances. It is possible that you may be treated as selling such New Vicarious Surgical Common Stock and, as a result, recognize capital gain or capital loss. It is also possible that the Redemption may be treated as a distribution for U.S. federal income tax purposes. Whether a redemption of shares of New Vicarious Surgical Common Stock qualifies for sale treatment will depend largely on the total number of shares of New Vicarious Surgical Common Stock you are treated as owning before and after the redemption (including any New Vicarious Surgical Common Stock that you constructively own as a result of owning New Vicarious Surgical Warrants and any New Vicarious Surgical Common Stock that you directly or indirectly acquire pursuant to the Business Combination or the PIPE Investment) relative to all of the New Vicarious Surgical Common Stock outstanding both before and after the redemption. For a more complete discussion of the U.S. federal income tax considerations of an exercise of Redemption Rights, see “U.S. Federal Income Tax Considerations” beginning on page 177 of this proxy statement/prospectus.

Additionally, because the Domestication will occur prior to the Redemption of any Public Shareholder, U.S. Holders (as defined in “U.S. Federal Income Tax Considerations — U.S. Holders”) exercising Redemption Rights will be subject to the potential tax consequences of Section 367 of the Code as well as potential tax consequences of the U.S. federal income tax rules relating to PFICs. The tax consequences of Section 367 of the Code and the PFIC rules are discussed more fully below under “U.S. Federal Income Tax Considerations — U.S. Holders” beginning on page 178 of this proxy statement/prospectus.

All Public Shareholders considering exercising Redemption Rights are urged to consult their tax advisor on the tax consequences to them of an exercise of Redemption Rights, including the applicability and effect of U.S. federal, state, local and non-U.S. tax laws.

Q.     What happens to the funds deposited in the Trust Account after consummation of the Proposed Transaction?

A.     Following the closing of the IPO (including partial exercise of the over-allotment option by the underwriters of the IPO), an amount equal to $345,000,000 ($10.00 per D8 Unit) of the net proceeds from the IPO and the sale of the Private Placement Warrants was placed in the Trust Account. As of March 31, 2021, funds in the Trust Account totaled $345,258,401 and were comprised entirely of U.S. government treasury obligations with a maturity of 185 days or less or of money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended (the “Investment Company Act”), which invest only in direct U.S. government treasury obligations. These funds will remain in the Trust Account, except for the withdrawal of interest to pay taxes, if any, until the earliest of (a) the completion of a business combination (including the Closing), (b) the redemption of any Public Shares properly tendered in connection with a shareholder vote to amend the Cayman Constitutional Documents to modify the substance or timing of D8’s obligation to redeem 100% of the Public Shares if it does not complete a business combination by July 17, 2022 and (c) the Redemption of all of the Public Shares if D8 is unable to complete a business combination by July 17, 2022 (or if such date is further extended at a duly called extraordinary general meeting, such later date), subject to applicable law.

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Upon consummation of the Proposed Transaction, the funds deposited in the Trust Account will be released to pay holders of Public Shares who properly exercise their Redemption Rights; to pay transaction fees and expenses associated with the Proposed Transaction; and for working capital and general corporate purposes of New Vicarious Surgical following the Proposed Transaction. See “Summary of the Proxy Statement/Prospectus — Sources and Uses of Funds for the Proposed Transaction” beginning on page 39 of this proxy statement/prospectus.

Q.     Did the D8 Board obtain a third-party valuation or fairness opinion in determining whether or not to proceed with the Proposed Transaction?

A.     The D8 Board did not obtain a third-party valuation or fairness opinion in connection with the determination to approve the Proposed Transaction. The D8 Board believes that based upon the financial skills and background of its directors, it was qualified to conclude that the Proposed Transaction was fair from a financial perspective to the D8 shareholders. The D8 Board’s conclusion was partially based on implied valuations of comparable publicly traded companies based on ratios of enterprise value to expected revenues in 2024 and 2025 and expected compound annual growth rates of revenue for 2023-2025. The comparable publicly traded companies considered were divided into three groups: (i) high growth med-tech companies (those who are projected to have high revenue growth over the 2023-25 period); (ii) disruptive healthcare technology companies (those whose use of technology is intended to disrupt the industry); and (iii) other surgical robotics companies, namely the incumbent in the space. For more information on the comparable company analysis, please see the section entitled “— Unaudited Prospective Financial Information of Vicarious Surgical.” The D8 Board also considered valuations of comparable private companies in the US, Europe and China, at varying stages of development, and concluded those valuations also supported the D8 Board’s determination that a $1 billion enterprise valuation was fair to D8’s shareholders from a financial point of view. However, the D8 Board did not rely solely on quantitative factors. The D8 Board also made qualitative judgements based on the state of development of Vicarious Surgical, the stage of development of the robot and the rapid pace of improvement in product development, the strength of Vicarious Surgical’s engineering team, the tremendous growth opportunity the D8 Board perceived and the limited direct competition facing Vicarious Surgical, Vicarious Surgical’s international expansion opportunities that D8 could assist with, outside advisors and expertise that D8 could bring to Vicarious Surgical, additional potential shareholders that D8 could introduce to Vicarious Surgical, the D8 Board’s perception that the market was ready for alternatives to existing platforms and the compelling technological advantages of the robotic system which the D8 Board perceives as a generational advance. As part of the negotiations, Mr. Tang agreed to join the post-combination company board and D8 agreed to ask Dr. David Ho, an advisor to D8, to join the post-combination company board as well. Accordingly, D8’s shareholders will be relying solely on the judgment of the D8 Board in determining the value of the Business Combination, and the D8 Board may not have properly valued such business. The D8 Board also determined, without seeking a valuation from a financial advisor, that Vicarious Surgical’s fair market value was at least 80% of the balance in the Trust Account (less any deferred underwriting commissions and taxes payable on interest earned) at the time of the signing of the Merger Agreement. Accordingly, investors will be relying on the judgment of the D8 Board in valuing Vicarious Surgical’s business, and assuming the risk that the D8 Board may not have properly valued such business. See “Risk Factors — Risks Related to the Domestication and the Business Combination” beginning on page 49 of this proxy statement/prospectus.

Q.     What happens if a substantial number of the Public Shareholders vote in favor of the Business Combination Proposal and exercise their Redemption Rights?

A.     Our Public Shareholders are not required to vote in respect of the Proposed Transaction in order to exercise their Redemption Rights. Accordingly, the Proposed Transaction may be consummated even though the funds available from the Trust Account and the number of Public Shareholders are reduced as a result of Redemptions by Public Shareholders.

The Merger Agreement provides that the obligations of Vicarious Surgical to consummate the Merger are conditioned on, among other things, the Available Cash Condition, which requires that the amount of cash available following the extraordinary general meeting from the following sources is at least $125,000,000: (a) in the Trust Account, after deducting the amount required to satisfy Redemptions of D8 Class A Ordinary Shares, if any (but prior to payment of (i) deferred underwriting commissions and (ii) transaction expenses of D8 or its affiliates), (b) outside of the Trust Account, and (c) from the gross proceeds of the PIPE Investment. If such conditions are not met, and such conditions are not or cannot be waived under the terms of the Merger Agreement, then the Merger Agreement could be terminated and the proposed Business Combination may not be consummated.

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Q.     What conditions must be satisfied to complete the Proposed Transaction?

A.     In addition to the Available Cash Condition noted above, the Merger Agreement is subject to the satisfaction or waiver of the following other customary closing conditions: (a) approval of the Proposed Transaction and related agreements and transactions by the respective shareholders of D8 and stockholders of Vicarious Surgical (including approval of the Condition Precedent Proposals by the shareholders of D8); (b) effectiveness of the registration statement on Form S-4 filed by D8 in connection with the Domestication; (c) all specified authorizations, consents, orders, regulatory approvals, non-objections, declarations, filings or waiting periods having been made, received or expired; (d) delivery of closing deliverables and documentation; (e) absence of a material adverse effect in respect of Vicarious Surgical, D8 and Merger Sub; (f) accuracy of the applicable representations, warranties and covenants, each to an applicable standard; (g) the New Vicarious Surgical Class A Shares being eligible for continued listing on a national stock exchange immediately following the closing; (h) the PIPE Investment having been completed; (i) the existing members of the D8 Board having resigned as of the Closing and the post-Closing directors having been appointed to serve on the New Vicarious Surgical Board effective as of the Closing; (j) the existing officers of D8 having resigned as of the Closing and the post-Closing officers having been appointed to serve effective as of the Closing; and (k) the absence of any injunctions or restraints in respect of consummation of the Proposed Transaction. For more information about conditions to the consummation of the Proposed Transaction, see “The Business Combination Proposal — Merger Agreement” beginning on page 125 of this proxy statement/prospectus.

Q.     When do you expect the Proposed Transaction to be completed?

A.     It is currently expected that the Proposed Transaction will be consummated in the third quarter of 2021. This date depends, among other things, on the approval of the proposals to be put to D8 shareholders at the extraordinary general meeting. However, such meeting could be adjourned if the Shareholder Adjournment Proposal is adopted by D8’s shareholders at the extraordinary general meeting and D8 elects to adjourn the extraordinary general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for the approval of one or more proposals at the extraordinary general meeting. For a description of the conditions for the completion of the Proposed Transaction, see “The Business Combination Proposal — Merger Agreement” beginning on page 125 of this proxy statement/prospectus.

Q.     What happens if the Proposed Transaction is not consummated?

A.     D8 will not complete the Domestication to the State of Delaware unless all other conditions to the consummation of the Proposed Transaction have been satisfied or waived by the parties in accordance with the terms of the Merger Agreement. If D8 is not able to complete the Proposed Transaction with Vicarious Surgical by July 17, 2022 and is not able to complete another business combination by such date, in each case, as such date may be extended pursuant to the Cayman Constitutional Documents, D8 will: (a) cease all operations except for the purpose of winding up; (b) as promptly as reasonably possible, but not more than 10 business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $100,000 of interest to pay dissolution expenses and which interest will be net of taxes payable), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law; and (c) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders and the D8 Board, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

Q.     Following the Proposed Transaction, will D8’s securities continue to trade on a stock exchange?

A.     Yes. D8 intends to apply to list the New Vicarious Surgical Class A Stock and New Vicarious Surgical Warrants on the NYSE under the proposed symbols “RBOT” and “RBOT WS”, respectively, upon the Closing. The D8 Units will automatically separate into the component securities prior to the Domestication, and, as a result, will no longer trade as a separate security following the Closing. The New Vicarious Surgical Class B Stock will not be publicly traded.

Q.     Do I have appraisal rights in connection with the Proposed Transaction?

A.     Neither D8’s shareholders nor D8’s warrant holders have appraisal rights in connection with the Proposed Transaction or the Domestication under Cayman Islands law or under the DGCL.

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Q.     What do I need to do now?

A.     D8 urges you to read this proxy statement/prospectus, including the Annexes and the documents referred to herein, carefully and in their entirety and to consider how the Proposed Transaction will affect you as a shareholder or warrant holder. D8’s shareholders should then vote as soon as possible in accordance with the instructions provided in this proxy statement/prospectus and on the enclosed proxy card.

Q.     How do I vote?

A.     If you are a holder of record of D8 Ordinary Shares on the Record Date for the extraordinary general meeting, you may vote in person at the extraordinary general meeting or by submitting a proxy for the extraordinary general meeting. You may submit your proxy by completing, signing, dating and returning the enclosed proxy card in the accompanying pre-addressed postage-paid envelope. If you hold your shares in “street name,” which means your shares are held of record by a broker, bank or nominee, you should contact your broker, bank or nominee to ensure that votes related to the shares you beneficially own are properly counted. In this regard, you must provide the broker, bank or nominee with instructions on how to vote your shares or, if you wish to attend the extraordinary general meeting and vote in person, obtain a valid proxy from your broker, bank or nominee.

Q.     If my shares are held in “street name,” will my broker, bank or nominee automatically vote my shares for me?

A.     No. If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered the “beneficial holder” of the shares held for you in what is known as “street name.” If this is the case, this proxy statement/prospectus may have been forwarded to you by your brokerage firm, bank or other nominee, or its agent, and you may need to obtain a proxy form from the institution that holds your shares and follow the instructions included on that form regarding how to instruct your broker, bank or nominee as to how to vote your shares. Under the rules of various national and regional securities exchanges, your broker, bank, or nominee cannot vote your shares with respect to non-discretionary matters unless you provide instructions on how to vote in accordance with the information and procedures provided to you by your broker, bank, or nominee. We believe all the proposals presented to the shareholders will be considered non-discretionary and therefore your broker, bank, or nominee cannot vote your shares without your instruction. Your bank, broker, or other nominee can vote your shares only if you provide instructions on how to vote. As the beneficial holder, you have the right to direct your broker, bank or other nominee as to how to vote your shares and you should instruct your broker to vote your shares in accordance with directions you provide. If you do not provide voting instructions to your broker on a particular proposal on which your broker does not have discretionary authority to vote, your shares will not be voted on that proposal. This is called a “broker non-vote.” Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as votes cast at the extraordinary general meeting, and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal).

Q.     When and where will the extraordinary general meeting be held?

A.     The extraordinary general meeting will be held virtually at [•] a.m. Eastern Time, on [•], 2021. In light of ongoing developments related to COVID-19, after careful consideration, D8 has determined that the extraordinary general meeting will be a virtual meeting conducted via live webcast at http://[•] in order to facilitate shareholder attendance and participation while safeguarding the health and safety of D8’s shareholders, directors and management team. For the purposes of Cayman Islands law and the Cayman Constitutional Documents, the physical location of the extraordinary general meeting will be at the offices of White & Case LLP at 1221 Avenue of the Americas, New York, New York 10020.

Q.     Who is entitled to vote at the extraordinary general meeting?

A.     D8 has fixed [•], 2021 as the Record Date for the extraordinary general meeting. If you were a shareholder of D8 at the close of business on the Record Date, you are entitled to vote on matters that come before the extraordinary general meeting. However, a shareholder may only vote his or her shares if he or she is present in person or is represented by proxy at the extraordinary general meeting.

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Q.     How many votes do I have?

A.     D8 shareholders are entitled to one vote at the extraordinary general meeting for each D8 Ordinary Share held of record as of the Record Date. As of the close of business on the Record Date for the extraordinary general meeting, there were 43,125,000 D8 Ordinary Shares issued and outstanding, of which 34,500,000 were issued and outstanding Public Shares.

Q.     What constitutes a quorum?

A.     A quorum of D8 shareholders is necessary to hold a valid meeting. A quorum will be present at the extraordinary general meeting if the holders of a majority of the issued and outstanding D8 Ordinary Shares entitled to vote at the extraordinary general meeting are represented in person or by proxy. As of the Record Date for the extraordinary general meeting, 21,562,501 D8 Ordinary Shares would be required to achieve a quorum.

Q.     What vote is required to approve each proposal at the extraordinary general meeting?

A.     Business Combination Proposal — The approval of the Business Combination Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Domestication Proposal — The approval of the Domestication Proposal requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares, who being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Organizational Documents Proposal — The approval of the Organizational Documents Proposal requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares, who being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Stock Issuance Proposal — The approval of the Stock Issuance Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Advisory Organizational Documents Proposals — The separate approval of each of the Advisory Organizational Documents Proposals, each of which is a non-binding vote, requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares, who being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

New Vicarious Surgical Equity Incentive Plan Proposal — The approval of the New Vicarious Surgical Equity Incentive Plan Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Director Election Proposal — The approval of the Director Election Proposal requires an ordinary resolution under the Companies, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. Although the Cayman Constitutional Documents indicate that, prior to the Closing, holders of D8 Class A Ordinary Shares shall have no right to vote on the appointment or removal of any director, the Director Election Proposal is being voted on by all holders of D8 Ordinary Shares. In the event that one or more nominees is not elected under the Director Election Proposal, the D8 Board is permitted under Article 31 of the Cayman Constitutional Documents to appoint any person to be a director.

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Shareholder Adjournment Proposal — The approval of the Shareholder Adjournment Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Q.     What are the recommendations of the D8 Board?

A.     The D8 Board believes that the Business Combination Proposal and the other proposals to be presented at the extraordinary general meeting are in the best interest of D8’s shareholders and unanimously recommends that its shareholders vote “FOR” the approval of the Business Combination Proposal, “FOR” the approval of the Domestication Proposal, “FOR” the approval of the Stock Issuance Proposal, “FOR” the approval of the Organizational Documents Proposal, “FOR” the approval, on an advisory basis, of each of the separate Advisory Organizational Documents Proposals, “FOR” the approval of the New Vicarious Surgical Equity Incentive Plan Proposal, “FOR” the approval of the Director Election Proposal and “FOR” the approval of the Shareholder Adjournment Proposal, in each case, if presented to the extraordinary general meeting.

The existence of financial and personal interests of one or more of D8’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of D8 and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, D8’s officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of this proxy statement/prospectus.

Q.     How do the Insiders intend to vote their D8 Ordinary Shares?

A.     The Insiders have agreed to vote all the Founder Shares and any Public Shares they may hold in favor of all the proposals being presented at the extraordinary general meeting. As of the date of this proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

At any time at or prior to the Proposed Transaction, subject to applicable securities laws (including with respect to material non-public information), the Sponsor, the Vicarious Surgical Stockholders or our or their respective directors, officers, advisors or respective affiliates may (a) purchase Public Shares from institutional and other investors who vote, or indicate an intention to vote, against any of the Condition Precedent Proposals, or elect to redeem, or indicate an intention to redeem, Public Shares, (b) execute agreements to purchase such shares from such investors in the future, or (c) enter into transactions with such investors and others to provide them with incentives to acquire Public Shares, vote their Public Shares in favor of the Condition Precedent Proposals or not redeem their Public Shares. Such a purchase may include a contractual acknowledgement that such shareholder, although still the record holder of D8 Ordinary Shares, is no longer the beneficial owner thereof and therefore agrees not to exercise its Redemption Rights. In the event that the Sponsor, the Vicarious Surgical Stockholders or our or their respective directors, officers, advisors, or respective affiliates purchase shares in privately negotiated transactions from Public Shareholders who have already elected to exercise their Redemption Rights, such selling shareholders would be required to revoke their prior elections to redeem their Public Shares. The purpose of such share purchases and other transactions would be to increase the likelihood of (a) satisfaction of the requirement that holders of a majority of the D8 Ordinary Shares, represented in person or by proxy and entitled to vote at the extraordinary general meeting, vote in favor of the Business Combination Proposal, the Stock Issuance Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal and the Director Election Proposal, (b) satisfaction of the requirement that holders of a majority of at least two-thirds of the D8 Ordinary Shares, represented in person or by proxy and entitled to vote at the extraordinary general meeting, vote in favor of the Domestication Proposal and the Organizational Documents Proposal, (c) satisfaction of the Available Cash Condition, and (d) otherwise limiting the number of Public Shares electing to redeem.

Entering into any such arrangements may have a depressive effect on the price of D8 Ordinary Shares (e.g., by giving an investor or holder the ability to effectively purchase shares at a price lower than market, such investor or holder may therefore become more likely to sell the shares he or she owns, either at or prior to the Proposed Transaction). If such transactions are effected, the consequence could be to cause the Proposed Transaction to be consummated in

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circumstances where such consummation could not otherwise occur. Purchases of shares by the persons described above would allow them to exert more influence over the approval of the proposals to be presented at the extraordinary general meeting and would likely increase the chances that such proposals would be approved.

The existence of financial and personal interests of one or more of D8’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of D8 and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, D8’s officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of this proxy statement/prospectus.

Q.     What happens if I sell my D8 Ordinary Shares before the extraordinary general meeting?

A.     The Record Date for the extraordinary general meeting is earlier than the date of the extraordinary general meeting and earlier than the date that the Proposed Transaction is expected to be completed. If you transfer your Public Shares after the applicable Record Date, but before the extraordinary general meeting, unless you grant a proxy to the transferee, you will retain your right to vote at the extraordinary general meeting but the transferee, and not you, will have the ability to redeem such shares, so long as such transferee takes the required steps to elect to redeem such shares at least two business days prior to the extraordinary general meeting.

Q.     How can I vote my shares without attending the extraordinary general meeting?

A.     If you are a shareholder of record of our D8 Ordinary Shares as of the close of business on the Record Date, you can vote by proxy by mail by following the instructions provided in the enclosed proxy card or at the extraordinary general meeting. Please note that if you are a beneficial owner of D8 Ordinary Shares, you may vote by submitting voting instructions to your broker, bank or nominee, or otherwise by following instructions provided by your broker, bank or nominee. Telephone and internet voting will be available to beneficial owners. Please refer to the vote instruction form provided by your broker, bank or nominee.

Q.     May I change my vote after I have mailed my signed proxy card?

A.     Yes. Shareholders may send a later-dated, signed proxy card to D8’s Chairman at D8’s address set forth below so that it is received by D8’s Chairman prior to the vote at the extraordinary general meeting (which is scheduled to take place on [•], 2021) or attend the extraordinary general meeting in person and vote. Shareholders also may revoke their proxy by sending a notice of revocation to D8’s Chairman, which must be received by D8’s Chairman prior to the vote at the extraordinary general meeting. However, if your shares are held in “street name” by your broker, bank or another nominee, you must contact your broker, bank or other nominee to change your vote.

Q.     What happens if I fail to take any action with respect to the extraordinary general meeting?

A.     If you fail to take any action with respect to the extraordinary general meeting and the Proposed Transaction is approved by shareholders and the Proposed Transaction is consummated, you will become a stockholder or warrant holder of New Vicarious Surgical. If you fail to take any action with respect to the extraordinary general meeting and the Proposed Transaction is not approved, you will remain a shareholder or warrant holder of D8. However, if you fail to vote with respect to the extraordinary general meeting, you will nonetheless be able to elect to redeem your Public Shares in connection with the Proposed Transaction, so long as you take the required steps to elect to redeem your shares at least two business days prior to the extraordinary general meeting.

Q.     What happens if I vote against the Business Combination Proposal?

A.     If you vote against the Business Combination Proposal, but the Business Combination Proposal still obtains the requisite shareholder approval described in this proxy statement/prospectus, then the Business Combination Proposal will be approved and, assuming the approval of the Domestication Proposal, the Stock Issuance Proposal, the Organizational Documents Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal, the Director Election Proposal, and the satisfaction or waiver of the other conditions to the closing of the Merger, the Business Combination will be consummated in accordance with the terms of the Merger Agreement.

If you vote against the Business Combination Proposal and the Business Combination Proposal does not obtain the requisite vote at the extraordinary general meeting, then the Business Combination Proposal will fail and we will

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not consummate the Business Combination. If we do not consummate the Business Combination Proposal, we may continue to try to complete a business combination with a different target business until July 17, 2022. If we fail to complete an initial business combination by July 17, 2022, then we will be required to dissolve and liquidate the Trust Account by returning then-remaining funds in the Trust Account to the Public Shareholders.

Q.     What should I do with my share certificates, warrant certificates or unit certificates?

A.     Our shareholders who exercise their Redemption Rights must deliver (either physically or electronically) their share certificates (if any) along with the redemption forms to the Transfer Agent, prior to the extraordinary general meeting.

Holders must complete the procedures for electing to redeem their Public Shares in the manner described above prior to [•], Eastern Time, on [•], 2021 (two business days before the extraordinary general meeting) in order for their Public Shares to be redeemed.

Our warrant holders should not submit the certificates relating to their warrants. Public Shareholders who do not elect to have their Public Shares redeemed for the pro rata share of the Trust Account should not submit the certificates relating to their Public Shares.

Upon the Domestication, holders of D8 Units, D8 Class A Ordinary Shares, D8 Class B Ordinary Shares and D8 Warrants will receive New Vicarious Surgical Class A Shares and New Vicarious Surgical Warrants, as the case may be, without needing to take any action and, accordingly, such holders should not submit any certificates relating to their D8 Units, D8 Class A Ordinary Shares (unless such holder elects to redeem the Public Shares in accordance with the procedures set forth above), D8 Class B Ordinary Shares or D8 Warrants.

Q.     What should I do if I receive more than one set of voting materials?

A.     Shareholders may receive more than one set of voting materials, including multiple copies of this proxy statement/prospectus and multiple proxy cards or voting instruction cards. For example, if you hold your shares in more than one brokerage account, you will receive a separate voting instruction card for each brokerage account in which you hold shares. If you are a holder of record and your shares are registered in more than one name, you will receive more than one proxy card. Please complete, sign, date and return each proxy card and voting instruction card that you receive in order to cast a vote with respect to all of your D8 Ordinary Shares.

Q.     Who will solicit and pay the cost of soliciting proxies for the extraordinary general meeting?

A.     D8 will pay the cost of soliciting proxies for the extraordinary general meeting. D8 has engaged Morrow Sodali LLC to assist in the solicitation of proxies for the extraordinary general meeting. D8 has agreed to pay Morrow Sodali LLC a fee of $35,000, plus disbursements. D8 will also reimburse banks, brokers and other custodians, nominees and fiduciaries representing beneficial owners of D8 Class A Ordinary Shares for their expenses in forwarding soliciting materials to beneficial owners of D8 Class A Ordinary Shares and in obtaining voting instructions from those owners. D8’s directors and officers may also solicit proxies by telephone, by facsimile, by mail, on the Internet or in person. They will not be paid any additional amounts for soliciting proxies.

Q.     Where can I find the voting results of the extraordinary general meeting?

A.     The preliminary voting results will be expected to be announced at the extraordinary general meeting. D8 will publish final voting results of the extraordinary general meeting in a Current Report on Form 8-K within four business days after the extraordinary general meeting.

Q.     Who can help answer my questions?

A.     If you have questions about the Business Combination or if you need additional copies of the proxy statement/prospectus or the enclosed proxy card, you should contact:

Morrow Sodali LLC

470 West Avenue

Stamford, CT 06902

Telephone: (800) 662-5200

(Banks and brokers can call: (203) 658-9400)

Email: DEH.info@investor.morrowsodali.com

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You also may obtain additional information about D8 from documents filed with the SEC by following the instructions in the section entitled “Where You Can Find More Information” beginning on page 280 of this proxy statement/prospectus. If you are a holder of Public Shares and you intend to seek Redemption, you will need to deliver the certificates for your Public Shares (if any) along with the redemption forms (either physically or electronically) to the Transfer Agent, at the address below prior to the extraordinary general meeting. Holders must complete the procedures for electing to redeem their Public Shares in the manner described above prior to [•], Eastern Time, on [•], 2021 (two business days before the extraordinary general meeting) in order for their Public Shares to be redeemed. If you have questions regarding the certification of your position or delivery of your share certificates (if any) along with the redemption forms, please contact:

Continental Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attention: Mark Zimkind

Email: mzimkind@continentalstock.com

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SUMMARY OF THE PROXY STATEMENT/PROSPECTUS

This summary highlights selected information from this proxy statement/prospectus, but does not contain all of the information that may be important to you. To better understand the Proposals to be considered at the extraordinary general meeting, including the Business Combination Proposal, whether or not you plan to attend such meetings, we urge you to read this proxy statement/prospectus (including the Annexes) carefully, including the section entitled “Risk Factors” beginning on page 49 of this proxy statement/prospectus. See also the section entitled “Where You Can Find More Information” beginning on page 280 of this proxy statement/prospectus.

Parties to the Business Combination

D8

D8 is a blank check company incorporated on May 6, 2020 as a Cayman Islands exempted company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. D8 has neither engaged in any operations nor generated any revenue to date. Based on D8’s business activities, it is a “shell company” as defined under the Exchange Act of 1934 (the “Exchange Act”) because it has no operations and nominal assets consisting almost entirely of cash.

On July 17, 2020, D8 consummated its IPO of 30,000,000 D8 Units. Each D8 Unit consists of one D8 Class A Ordinary Share and one-half of one D8 Warrant. Each D8 Warrant entitles the holder thereof to purchase one D8 Class A Ordinary Share at a price of $11.50 per share. The D8 Units were sold at an offering price of $10.00 per unit, generating gross proceeds, before expenses, of $300,000,000. On July 24, 2020, the underwriters exercised their over-allotment option in full and purchased an additional 4,500,000 D8 Units, generating additional gross proceeds of $45,000,000. Prior to the consummation of the IPO, on May 14, 2020, the Sponsor received 7,187,500 Founder Shares in exchange for a capital contribution of $25,000, or $0.003 per share. On June 25, 2020, the Sponsor transferred 15,000 Founder Shares to Robert Kirby and 25,000 Founder Shares to each of Michael Kives, Fred Langhammer and Terry Lundgren, resulting in the Sponsor holding 7,097,500 Founder Shares. On July 14, 2020, D8 effected a share capitalization of 1,437,500 Founder Shares resulting in 8,625,000 D8 Class B Ordinary Shares outstanding, of which the Sponsor now holds 8,535,000 Founder Shares. Of the 8,625,000 Founder Shares outstanding, up to 1,125,000 Founder Shares were subject to forfeiture to the extent that the over-allotment option was not exercised in full by the underwriters, so that the Founder Shares would represent 20.0% of D8’s issued and outstanding shares after the IPO. The underwriters exercised their over-allotment option in full on July 24, 2020. As a result, these shares were no longer subject to forfeiture.

Simultaneously with the closing of the IPO, D8 consummated the private placement (the “Private Placement”) of 8,000,000 Private Placement Warrants to the Sponsor, each exercisable to purchase one D8 Class A Ordinary Share at $11.50 per share, at a price of $1.00 per Private Placement Warrant, generating gross proceeds of $8,000,000. On July 24, 2020, simultaneously with the sale of the over-allotment units, D8 consummated a private sale of an additional 900,000 Private Placement Warrants to the Sponsor, generating gross proceeds of $900,000. The Private Placement Warrants are identical to the Public Warrants included in the D8 Units sold in the IPO, except that the Private Placement Warrants and the D8 Class A Ordinary Shares issuable upon exercise of the Private Placement Warrants, so long as they are held by their initial purchasers or their permitted transferees, (i) will not be redeemable by D8, (ii) may not (including the D8 Class A Ordinary Shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold until 30 days after D8 completes its initial business combination, (iii) may be exercised by the holders on a cashless basis and (iv) are entitled to registration rights.

Upon the closing of the IPO, the closing of the exercise of the over-allotment in full and the Private Placement, $345,000,000 was placed in the Trust Account with Continental Stock Transfer & Trust Company acting as trustee. Except with respect to interest earned on the funds held in the Trust Account that may be released to D8 to pay its taxes, if any, the funds held in the Trust Account will not be released from the Trust Account until the earliest of (i) the completion of D8’s initial business combination, (ii) the redemption of its Public Shares if it is unable to complete its initial business combination by July 17, 2022, subject to applicable law, or (iii) the redemption of its Public Shares properly submitted in connection with a shareholder vote to amend the Cayman Constitutional Documents to modify the substance or timing of its obligation to provide for the redemption of its Public Shares in connection with an initial business combination or to redeem 100% of the Public Shares if it has not consummated an initial business combination by July 17, 2022. The proceeds deposited in the Trust Account could become subject to the claims of D8’s creditors, if any, which could have priority over the claims of its Public Shareholders.

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After the payment of underwriting discounts and commissions (excluding the deferred portion of $12,075,000 in underwriting discounts and commissions, which amount will be payable upon consummation of D8’s initial business combination, if consummated), approximately $569,000 in expenses relating to the IPO and payment of the promissory note issued to the Sponsor (the “Note”), approximately $1,500,000 of the net proceeds of the IPO and the sale of the Private Placement Warrants were not deposited into the Trust Account and were retained by D8 for working capital purposes. The net proceeds deposited into the Trust Account remain on deposit in the Trust Account earning interest. As of December 31, 2020, there was approximately $345.2 million in investments and cash held in the Trust Account and approximately $1.1 million of cash held outside the Trust Account available for working capital purposes. As of December 31, 2020, no amounts had been withdrawn from the Trust Account to fund D8’s working capital expenses. As of March 31, 2021, there was approximately $345,258,401 in investments and cash held in the Trust Account and $1,027,964 of cash held outside the Trust Account available for working capital purposes. As of March 31, 2021, no amounts had been withdrawn from the Trust Account to fund D8’s working capital expenses.

Merger Sub

Merger Sub is a wholly-owned subsidiary of D8 formed solely for the purpose of effecting the Business Combination. Pursuant to the Merger, Merger Sub will merge with and into Vicarious Surgical with Vicarious Surgical being the surviving entity and becoming a subsidiary of D8. Merger Sub was incorporated under the DGCL on April 9, 2021. Merger Sub owns no material assets and does not operate any business.

Vicarious Surgical

Vicarious Surgical is combining advanced miniaturized robotics, computer science and 3D visualization to build an intelligent and affordable, single-incision surgical robot, called the Vicarious System, that virtually transports surgeons inside the patient to perform minimally invasive surgery, or MIS. With its disruptive next-generation robotics technology, Vicarious Surgical is seeking to increase the efficiency of surgical procedures, improve patient outcomes and reduce healthcare costs. Vicarious Surgical believes that the Vicarious System is the only surgical robotic system to receive a “Breakthrough Device” designation from the U.S. Food and Drug Administration, or the FDA, for ventral hernia procedures. A Breakthrough Device designation offers multiple benefits designed to accelerate the timeline to market for novel medical devices, including priority review of the pre-market submission for the device, and an established pathway to Centers for Medicare & Medicaid Services, or CMS, reimbursement and coverage. However, the process of medical device development is inherently uncertain and there is no guarantee that a Breakthrough Device designation will accelerate the timeline for approval or make it more likely that the Vicarious System will be approved. Led by a visionary team of engineers from the Massachusetts Institute of Technology, or MIT, Vicarious Surgical intends to deliver the next generation in robotic-assisted surgery, designed to solve the shortcomings of open surgery, and current laparoscopic and robot-assisted MIS. Vicarious Surgical has developed multiple prototypes and intends to request a pre-submission meeting with the FDA by the end of 2021 and to file a 510(k) application for the Vicarious System for ventral hernia procedures by the end of 2023, and other indications thereafter.

Vicarious Surgical was founded in 2014 by Adam Sachs, Co-Founder, Chief Executive Officer and President, Sammy Khalifa, Co-Founder and Chief Technology Officer, and Dr. Barry Greene, Co-Founder and Chief Medical Officer.

Vicarious Surgical’s principal executive offices are located at 78 Fourth Avenue, Waltham, Massachusetts 02451 and its phone number is (617) 868-1700.

The Proposals to be Submitted at the Extraordinary General Meeting

The Business Combination Proposal

As discussed in this proxy statement/prospectus, D8 is asking its shareholders to approve by ordinary resolution and adopt the Merger Agreement, a copy of which is attached to this proxy statement/prospectus as Annex A-1. The Merger Agreement provides for, among other things, following the Domestication of D8 to Delaware as described below, the merger of Merger Sub with and into Vicarious Surgical, with Vicarious Surgical surviving the Merger in accordance with the terms and subject to the conditions of the Merger Agreement as more fully described elsewhere in this proxy statement/prospectus. After consideration of the factors identified and discussed in the section entitled “The Business Combination Proposal — D8 Board of Director’s Reasons for the Approval of the Business Combination” beginning on page 116 of this proxy statement/prospectus, the D8 Board concluded that the Business Combination met the requirements disclosed in the prospectus for the IPO. For more information about the transactions contemplated by the Merger Agreement, see “The Business Combination Proposal” beginning on page 111 of this proxy statement/prospectus.

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Organizational Structure

On April 15, 2021, D8 entered into the Merger Agreement with Merger Sub, Vicarious Surgical and Adam Sachs, an individual, in his capacity as the Stockholder Representative, pursuant to which, among other things, following the Domestication, Merger Sub will merge with and into Vicarious Surgical, the separate corporate existence of Merger Sub will cease and Vicarious Surgical will be the surviving corporation (Vicarious Surgical, in its capacity as the surviving corporation of the Merger, sometimes referred to as the “Surviving Corporation”).

Prior to and as a condition of the Merger, pursuant to the Domestication, D8 will change its jurisdiction of incorporation by migrating to and domesticating as a Delaware corporation in accordance with Section 388 of the General Corporation Law of the State of Delaware, as amended, and the Cayman Islands Companies Act (As Revised). For more information, see “The Domestication Proposal” beginning on page 146 of this proxy statement/prospectus.

Simplified Pre-Combination Structure

Simplified Post-Combination Structure1

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1.       Assumes no redemptions by D8’s Public Shareholders

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Merger Consideration

D8 has agreed to pay approximately $1.0 billion in aggregate consideration. The Vicarious Surgical stockholders (except for the Vicarious Surgical Founders) will receive shares of New Vicarious Surgical Class A Stock (valued at $10.00 per share) equal to (i) the amount of shares of Vicarious Surgical capital stock owned by such holder multiplied by (ii) the Fully Diluted Adjusted Merger Consideration for each share in such class of Vicarious Surgical capital stock. The Vicarious Surgical Founders will receive shares of New Vicarious Surgical Class B Stock equal to (i) the amount of Vicarious Surgical capital stock owned by such Vicarious Surgical Founder multiplied by (ii) the Fully Diluted Adjusted Merger Consideration for each share in such class of Vicarious Surgical capital stock.

Treatment of Vicarious Surgical Options

Each Vicarious Surgical Option that is outstanding as of immediately prior to the Effective Time (whether vested or unvested) shall be assumed by D8 and shall be converted into an option to acquire New Vicarious Surgical Class A Stock with the same terms and conditions as applied to the Vicarious Surgical Option immediately prior to the Effective Time; provided that the number of shares underlying such New Vicarious Surgical option will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical Option shall be determined by dividing the per share exercise price of such Vicarious Surgical Option immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded up to the nearest whole cent.

Treatment of Vicarious Surgical Warrants

Each warrant to purchase shares of Vicarious Surgical capital stock that is issued and outstanding prior to the Effective Time and has not been exercised or terminated pursuant to its terms will be assumed and converted into a warrant exercisable for shares of New Vicarious Surgical Class A Stock; provided that the number of shares underlying such New Vicarious Surgical Warrant will be determined by multiplying the number of shares of Vicarious Surgical capital stock that are issuable upon the exercise of such warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which product shall be rounded down to the nearest whole number of shares, and the per share exercise price of such New Vicarious Surgical warrant shall be determined by dividing the per share exercise price of such Vicarious Surgical warrant immediately prior to the Effective Time by the Fully Diluted Adjusted Merger Consideration for such class, which quotient shall be rounded down to the nearest whole cent. See “The Business Combination Proposal — Merger Agreement — Consideration — Treatment of Vicarious Surgical Warrants” beginning on page 126 of this proxy statement/prospectus.

Closing Conditions

In addition to the Domestication and the Available Cash Condition noted above, the Merger Agreement is subject to the satisfaction or waiver of the following other customary closing conditions: (a) approval of the Proposed Transaction and related agreements and transactions by the respective shareholders of D8 and stockholders of Vicarious Surgical (including approval of the Condition Precedent Proposals by the shareholders of D8); (b) effectiveness of the registration statement on Form S-4 filed by D8 in connection with the Domestication; (c) all specified authorizations, consents, orders, regulatory approvals, non-objections, declarations, filings or waiting periods having been made, received or expired; (d) delivery of closing deliverables and documentation; (e) absence of a material adverse effect in respect of Vicarious Surgical, D8 and Merger Sub; (f) accuracy of the applicable representations, warranties and covenants, each to an applicable standard; (g) the New Vicarious Surgical Class A Shares being eligible for continued listing on a national stock exchange immediately following the closing; (h) the PIPE Investment having been completed; (i) the existing members of the D8 Board having resigned as of the Closing and the post-Closing directors having been appointed to serve on the New Vicarious Surgical Board effective as of the Closing; (j) the existing officers of D8 having resigned as of the Closing and the post-Closing officers having been appointed to serve effective as of the Closing; and (k) the absence of any injunctions or restraints in respect of consummation of the Proposed Transaction. For more information about conditions to the consummation of the Proposed Transaction, see “The Business Combination Proposal — Merger Agreement” beginning on page 125 of this proxy statement/prospectus.

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The Domestication Proposal

If the Business Combination Proposal is approved, then D8 will ask its shareholders to approve by a special resolution the Domestication Proposal. As a condition to closing the Business Combination pursuant to the terms of the Merger Agreement, the D8 Board has unanimously approved the Domestication Proposal. The Domestication Proposal, if approved, will authorize a change of D8’s jurisdiction of incorporation from the Cayman Islands to the State of Delaware. Accordingly, while D8 is currently governed by the Companies Act, upon the Domestication, New Vicarious Surgical will be governed by the DGCL. There are differences between Cayman Islands corporate law and Delaware corporate law as well as between the Cayman Constitutional Documents and the Proposed Organizational Documents. Accordingly, D8 encourages shareholders to carefully review the information in “The Domestication Proposal — Comparison of Shareholder Rights under Applicable Corporate Law Before and After Domestication” beginning on page 148 of this proxy statement/prospectus.

As a result of and upon the effective time of the Domestication, (a) each D8 Unit then issued and outstanding as of immediately prior to the Domestication will automatically be separated into the underlying D8 Class A Ordinary Share and one-half of a D8 Warrant, (b) each D8 Class A Ordinary Share issued and outstanding immediately prior to the Domestication will remain outstanding and will automatically convert into one New Vicarious Surgical Class A Share (provided that each D8 Class A Ordinary Share owned by Public Shareholders who have validly elected to redeem their D8 Class A Ordinary Shares will be converted, but will be redeemed for cash in an amount equal to the Redemption Price), (c) each D8 Class B Ordinary Share issued and outstanding immediately prior to the Domestication will be automatically converted into one New Vicarious Surgical Class A Share, and (d) each D8 Warrant will be automatically converted into a New Vicarious Surgical Warrant on the same terms as the D8 Warrants. No fractional New Vicarious Surgical Warrants will be issued upon separation of the D8 Units.

For additional information, see “The Domestication Proposal” beginning on page 146 of this proxy statement/prospectus.

The Stock Issuance Proposal

If each of the Business Combination Proposal and the Domestication Proposal are approved, D8’s shareholders are also being asked to approve by ordinary resolution the Stock Issuance Proposal for purposes of complying with the applicable provisions of NYSE Listing Rule 312.03(c) and (d).

Pursuant to Section 312.03(c) of the NYSE’s Listed Company Manual, stockholder approval is required prior to the issuance of common stock, or of securities convertible into or exercisable for common stock, in any transaction or series of related transactions if: (1) the common stock has, or will have upon issuance, voting power equal to or in excess of 20% of the voting power outstanding before the issuance of such stock or of securities convertible into or exercisable for common stock or (2) the number of shares of common stock to be issued is, or will be upon issuance, equal to or in excess of 20% of the number of shares of common stock outstanding before the issuance of the common stock or of securities convertible into or exercisable for common stock. Under NYSE Listing Rule 312.03(d), shareholder approval is required prior to an issuance that will result in a change of control of the issuer.

The aggregate number of New Vicarious Surgical Class A Shares that New Vicarious Surgical will issue in connection with the Proposed Transaction and the PIPE Investment will exceed 20% of both the voting power and the New Vicarious Surgical Common Stock outstanding before such issuance and may result in a change of control of the registrant under NYSE Listing Rule 312.03(d). Accordingly, D8 is seeking the approval of D8 shareholders for the issuance of shares of New Vicarious Surgical Common Stock in connection with the Proposed Transaction and the PIPE Investment.

For additional information, see “The Stock Issuance Proposal” beginning on page 153 of this proxy statement/prospectus.

The Organizational Documents Proposal

If each of the Business Combination Proposal, the Domestication Proposal and the Stock Issuance Proposal are approved, D8 will ask its shareholders to approve by special resolution the Organizational Documents Proposal in connection with the replacement of the Cayman Constitutional Documents, under the Companies Act, with the Proposed Organizational Documents, under the DGCL. The D8 Board has unanimously approved the Organizational

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Documents Proposal and believes such proposal is necessary to adequately address the needs of New Vicarious Surgical following the Closing. Approval of the Organizational Documents Proposal is a condition to the consummation of the Business Combination.

For additional information, see “The Organizational Documents Proposal” beginning on page 155 of this proxy statement/prospectus.

The Advisory Organizational Documents Proposals

D8 will ask its shareholders to approve by special resolution on a non-binding advisory basis twelve separate Advisory Organizational Documents Proposals in connection with the replacement of the Cayman Constitutional Documents, under the Companies Act, with the Proposed Organizational Documents, under the DGCL. The D8 Board has unanimously approved the Advisory Organizational Documents Proposals and believes such proposals are necessary to adequately address the needs of New Vicarious Surgical after the Business Combination. Approval of the Advisory Organizational Documents Proposals is not a condition to the consummation of the Business Combination.

A brief summary of each of the Advisory Organizational Documents Proposals is set forth below. These summaries are qualified in their entirety by reference to the complete text of the Proposed Organizational Documents.

(A) Advisory Organizational Documents Proposal 5A (Authorized Shares) — to authorize the change in the authorized capital stock of D8 from 200,000,000 D8 Class A Ordinary Shares, 20,000,000 D8 Class B Ordinary Shares, and 1,000,000 preference shares, par value $0.0001 per share, to 300,000,000 shares of New Vicarious Surgical Class A Stock, and 22,000,000 shares of New Vicarious Surgical Class B Stock, and 1,000,000 shares of New Vicarious Surgical Preferred Stock;

(B) Advisory Organizational Documents Proposal 5B (Dual Class Common Stock Structure) — to authorize a dual class common stock structure pursuant to which the holders of New Vicarious Surgical Class A Stock will be entitled to one vote per share and holders of New Vicarious Surgical Class B Stock will be entitled to twenty votes per share on each matter properly submitted to New Vicarious Surgical’s stockholders entitled to vote;

(C) Advisory Organizational Documents Proposal 5C (Sunset Provision for New Vicarious Surgical Class B Common Stock) — to approve a provision providing that each outstanding share of New Vicarious Surgical Class B Stock shall automatically convert into one share of New Vicarious Surgical Class A Stock upon the first date on which the Vicarious Surgical Founders and Qualified Stockholders (each as defined in the Organizational Documents) collectively cease to beneficially own at least 20% of the number of shares of New Vicarious Surgical Class B Stock collectively held by the Vicarious Surgical Founders and their Permitted Transferees (as defined in the Organizational Documents) as of the Effective Date, and that upon the date that a Vicarious Surgical Founder ceases to provide service to New Vicarious Surgical each share of New Vicarious Surgical Class B Stock held by such Vicarious Surgical Founder or such Vicarious Surgical Founder’s Permitted Transferees shall automatically convert into one share of New Vicarious Surgical Class A Stock;

(D) Advisory Organizational Documents Proposal 5D (Declassification of New Vicarious Surgical Board) — to authorize a declassified board of directors whereby each member of the board of directors of New Vicarious Surgical will be elected at each annual meeting of stockholders (or special meeting in lieu thereof);

(E) Advisory Organizational Documents Proposal 5E (Exclusive Forum Provision)  to authorize adopting Delaware as the exclusive forum for certain stockholder litigation and to authorize adopting the federal district courts of the United States of America as the exclusive forum for resolving complaints asserting a cause of action under the Securities Act of 1933, as amended;

(F) Advisory Organizational Documents Proposal 5F (Required Vote to Amend Charter) — to approve provisions providing that the affirmative vote of at least 66⅔% of the voting power of all the then outstanding shares of capital stock entitled to vote generally in the election of directors, voting together as a single class, will be required for stockholders to amend, alter, repeal or rescind all or any portion of Article 4(B), Article 5, Article 6, Article 7 or Article 9 of the Proposed Certificate of Incorporation;

(G) Advisory Organizational Documents Proposal 5FG (Removal of Directors) — to approve provisions permitting the removal of a director only for cause and only by the affirmative vote of the holders of at least 66⅔% of the outstanding shares entitled to vote at an election of directors, voting together as a single class;

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(H) Advisory Organizational Documents Proposal 5H (Required Vote to Amend By-Laws— to approve provisions providing that the affirmative vote of at least 66⅔% of the voting power of all the then outstanding shares of capital stock entitled to vote at an election of directors, voting as a single class, will be required for stockholders to alter, amend or repeal, in whole or in part, any provision of the Proposed By-Laws or to adopt any provision inconsistent therewith;

(I) Advisory Organizational Documents Proposal 5I (Special Meetings) — to approve provisions requiring that special meetings may be called only by the New Vicarious Surgical Board (except in the case of any holders of Preferred Stock if applicable);

(J) Advisory Organizational Documents Proposal 5J (Written Consent) — to approve provisions that prohibit stockholder action by written consent in lieu of a meeting;

(K) Advisory Organizational Documents Proposal 5K (Corporate Opportunity) — to approve provisions providing that New Vicarious Surgical renounces a corporate opportunity that is presented to, or acquired, created or developed by, or which otherwise comes into the possession of, any non-employee director of New Vicarious Surgical, unless such opportunity is presented to, or acquired, created or developed by, or otherwise comes into the possession of such person expressly and solely in connection with such individual’s service as a member of the New Vicarious Surgical Board; and

(L) Advisory Organizational Documents Proposal 5L (Additional Changes) — to provide for certain additional changes, including, among other things, (i) making New Vicarious Surgical’s corporate existence perpetual and (ii) removing certain provisions related to D8’s status as a blank check company that will no longer be applicable upon consummation of the Business Combination.

For additional information, see “The Advisory Organizational Documents Proposals” beginning on page 157 of this proxy statement/prospectus.

The New Vicarious Surgical Equity Incentive Plan Proposal

If each of the Business Combination Proposal, the Domestication Proposal, the Stock Issuance Proposal and the Organizational Documents Proposal is approved, D8 is proposing that its shareholders approve by ordinary resolution the New Vicarious Surgical Equity Incentive Plan, which will become effective upon the Closing and will be used by New Vicarious Surgical on a going-forward basis following the Closing.

For additional information, see “The New Vicarious Surgical Equity Incentive Plan Proposal” beginning on page 169 of this proxy statement/prospectus.

The Director Election Proposal

D8 is proposing that its shareholders approve by ordinary resolution, effective upon the Closing of the Proposed Transaction, the election of nine directors to serve on the New Vicarious Surgical Board until the 2022 and until their respective successors are duly elected and qualified.

For additional information, see “The Director Election Proposal” beginning on page 175 of this proxy statement/prospectus.

The Shareholder Adjournment Proposal

If, based on the tabulated vote, there are not sufficient votes at the time of the extraordinary general meeting to authorize D8 to consummate the Business Combination (because any of the Condition Precedent Proposals have not been approved (including as a result of the failure of any other cross-conditioned Condition Precedent Proposals to be approved)), the D8 Board may submit a proposal to the shareholders to approve by way of an ordinary resolution the adjournment of the extraordinary general meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies.

For additional information, see “The Shareholder Adjournment Proposal” beginning on page 176 of this proxy statement/prospectus.

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Date, Time and Place of the Extraordinary General Meeting

The extraordinary general meeting will be held virtually at [] a.m. Eastern Time, on [], 2021. In light of ongoing developments related to COVID-19, after careful consideration, D8 has determined that the extraordinary general meeting will be a virtual meeting conducted via live webcast at http://[•] in order to facilitate shareholder attendance and participation while safeguarding the health and safety of D8’s shareholders, directors and management team. For the purposes of Cayman Islands law and the Cayman Constitutional Documents, the physical location of the extraordinary general meeting will be at the offices of White & Case LLP at 1221 Avenue of the Americas, New York, New York 10020.

Registering for the Extraordinary General Meeting

Any shareholder wishing to attend the extraordinary general meeting virtually should register for the extraordinary general meeting by [], 2021 at []. To register for the extraordinary general meeting, please follow these instructions as applicable to the nature of your ownership of D8 Ordinary Shares:

•        If your shares are registered in your name with the Transfer Agent and you wish to attend the online- only meeting, go to [], enter the 12-digit control number included on your proxy card or notice of the extraordinary general meeting and click on the “Click here to preregister for the online meeting” link at the top of the page. Just prior to the start of the extraordinary general meeting you will need to log back into the extraordinary general meeting site using your control number. Pre-registration is recommended, but is not required in order to attend.

•        Beneficial shareholders (those holding shares through a stock brokerage account or by a bank or other holder of record) who wish to attend the extraordinary general meeting must obtain a legal proxy by contacting their account representative at the bank, broker, or other nominee that holds their Public Shares and e-mail a copy (a legible photograph is sufficient) of their legal proxy to proxy@continentalstock.com. Beneficial shareholders who e-mail a valid legal proxy will be issued a 12-digit meeting control number that will allow them to register to attend and participate in the online extraordinary general meeting. After contacting the Transfer Agent, a beneficial holder will receive an e-mail prior to the extraordinary general meeting with a link and instructions for entering the extraordinary general meeting online. Beneficial shareholders should contact the Transfer Agent at least five business days prior to the extraordinary general meeting date in order to ensure access.

Voting Power; Record Date

D8 shareholders will be entitled to vote or direct votes to be cast at the extraordinary general meeting if they owned D8 Ordinary Shares at the close of business on [], 2021, which is the Record Date for the extraordinary general meeting. Shareholders will have one vote for each D8 Ordinary Share owned at the close of business on the Record Date. If your shares are held in “street name” or are in a margin or similar account, you should contact your broker to ensure that votes related to the shares you beneficially own are properly counted. D8 Warrants do not have voting rights. As of the close of business on the Record Date, there were 43,125,000 D8 Ordinary Shares outstanding, of which 34,500,000 were Public Shares, with the rest being held by the Insiders.

Quorum and Vote of D8 Shareholders

A quorum of D8 shareholders is necessary to hold a valid meeting. A quorum will be present at the D8 extraordinary general meeting if the holders of a majority of the issued and outstanding shares entitled to vote at the extraordinary general meeting are represented in person or by proxy (which would include presence at the extraordinary general meeting). Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as a vote cast at the extraordinary general meeting and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal).

As of the Record Date for the extraordinary general meeting, 21,562,501 D8 Ordinary Shares would be required to achieve a quorum.

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The Insiders have agreed to vote all of its D8 Ordinary Shares in favor of the proposals being presented at the extraordinary general meeting. As of the date of this proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

The proposals presented at the extraordinary general meeting require the following votes:

•        Business Combination Proposal — The approval of the Business Combination Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        Domestication Proposal — The approval of the Domestication Proposal requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        Stock Issuance Proposal — The approval of the Stock Issuance Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        Organizational Documents Proposal — The approval of the Organizational Documents Proposal requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        Advisory Organizational Documents Proposals — The separate approval of each of the Advisory Organizational Documents Proposals, each of which is a non-binding vote, requires a special resolution under the Companies Act, being the affirmative vote of holders of a majority of at least two-thirds of the D8 Ordinary Shares who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        New Vicarious Surgical Equity Incentive Plan Proposal — The approval of the New Vicarious Surgical Equity Incentive Plan Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

•        Director Election Proposal — The approval of the Director Election Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting. Although the Cayman Constitutional Documents indicate that, prior to the Closing, holders of D8 Class A Ordinary Shares shall have no right to vote on the appointment or removal of any director, the Director Election Proposal is being voted on by all holders of D8 Ordinary Shares. In the event that one or more nominees is not elected under the Director Election Proposal, the D8 Board is permitted under Article 31 of the Cayman Constitutional Documents to appoint any person to be a director.

•        Shareholder Adjournment Proposal — The approval of the Shareholder Adjournment Proposal requires an ordinary resolution under the Companies Act, being the affirmative vote of the holders of a majority of the D8 Ordinary Shares, who, being present in person or by proxy and entitled to vote at the extraordinary general meeting, vote at the extraordinary general meeting.

Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as a vote cast at the extraordinary general meeting and otherwise will have no effect on a particular proposal under Cayman Islands law. However, for purposes of NYSE rules, an abstention will be counted as a vote “against” Proposal No. 3 (The Stock Issuance Proposal) and Proposal No. 6 (The New Vicarious Surgical Equity Incentive Plan Proposal).

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Redemption Rights

Pursuant to the Cayman Constitutional Documents, a Public Shareholder may request of D8 that New Vicarious Surgical redeem all or a portion of its Public Shares for cash if the Proposed Transaction is consummated. As a holder of Public Shares, you will be entitled to receive cash for any Public Shares to be redeemed only if you:

•        (a) hold Public Shares or (b) hold Public Shares through D8 Units and elect to separate your D8 Units into the underlying Public Shares and Public Warrants prior to exercising your Redemption Rights with respect to the Public Shares;

•        submit a written request to the Transfer Agent, that New Vicarious Surgical redeem all or a portion of your Public Shares for cash; and

•        deliver the certificates for your Public Shares (if any) along with the redemption forms to the Transfer Agent physically or electronically through DTC.

Holders must complete the procedures for electing to redeem their Public Shares in the manner described above prior to [], Eastern Time, on [], 2021 (two business days before the extraordinary general meeting) in order for their Public Shares to be redeemed.

Each D8 Unit then issued and outstanding as of immediately prior to the Domestication will automatically be separated into the underlying D8 Class A Ordinary Share and one-half of a D8 Warrant. Public Shareholders may elect to redeem all or a portion of the Public Shares held by them regardless of if or how they vote in respect of the Business Combination Proposal. If the Proposed Transaction is not consummated, the Public Shares will be returned to the respective holder, broker or bank. If the Proposed Transaction is consummated, and if a Public Shareholder properly exercises its right to redeem all or a portion of the Public Shares that it holds and timely delivers the certificates for its shares (if any) along with the redemption forms to the Transfer Agent, New Vicarious Surgical will redeem such Public Shares for a per-share price, payable in cash, equal to the pro rata portion of the Trust Account, calculated as of two business days prior to the consummation of the Proposed Transaction. For illustrative purposes, as of March 31, 2021, this would have amounted to approximately $10.01 per issued and outstanding Public Share. If a Public Shareholder exercises its Redemption Rights in full, then it will be electing to exchange its Public Shares for cash and will no longer own Public Shares. The redemption takes place following the Domestication and, accordingly, it is New Vicarious Surgical Class A Shares that will be redeemed immediately after consummation of the Proposed Transaction. See “Extraordinary General Meeting of D8 — Redemption Rights” beginning on page 107 of this proxy statement/prospectus for a detailed description of the procedures to be followed if you wish to redeem your Public Shares for cash.

Notwithstanding the foregoing, a Public Shareholder, together with any affiliate of such Public shareholder or any other person with whom such Public Shareholder is acting in concert or as a “group” (as defined in Section 13(d)(3) of the Exchange Act), will be restricted from redeeming its Public Shares with respect to more than an aggregate of 20% of the Public Shares. Accordingly, if a Public Shareholder, alone or acting in concert or as a group, seeks to redeem more than 20% of the Public Shares, then any such shares in excess of that 20% limit would not be redeemed for cash.

The Insiders agreed to, among other things, vote in favor of the Proposed Transaction, regardless of how the Public Shareholders vote. As of the date of this proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

Holders of the Public Warrants will not have Redemption Rights with respect to the Public Warrants.

Appraisal Rights

Neither D8’s shareholders nor the holders of Public Warrants have appraisal rights in connection with the Proposed Transaction or the Domestication under Cayman Islands law or under the DGCL.

Proxy Solicitation

Proxies may be solicited by mail, telephone or in person. D8 has engaged Morrow Sodali LLC to assist in the solicitation of proxies.

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If a shareholder grants a proxy, it may still vote its shares in person if it revokes its proxy before the extraordinary general meeting. A shareholder also may change its vote by submitting a later-dated proxy as described in the section entitled “Extraordinary General Meeting of D8 — Revoking Your Proxy” beginning on page 107 of this proxy statement/prospectus.

Interests of D8 Directors, Officers and Others in the Proposed Transaction

When you consider the recommendation of the D8 Board in favor of approval of the Business Combination Proposal, you should keep in mind that the Sponsor, D8’s directors and executive officers and others have interests in such proposal that are different from, or in addition to, those of D8 shareholders and holders of Public Warrants generally. These interests include, among other things, the interests listed below:

•        Prior to the consummation of the IPO, on May 14, 2020, the Sponsor received 7,187,500 Founder Shares in exchange for a capital contribution of $25,000, or $.003 per share. On June 25, 2020, the Sponsor transferred 15,000 Founder Shares to Robert Kirby and 25,000 Founder Shares to each of Michael Kives, Fred Langhammer and Terry Lundgren, resulting in the Sponsor holding 7,097,500 Founder Shares. On July 14, 2020, D8 effected a share capitalization of 1,437,500 D8 Class B Ordinary Shares resulting in 8,625,000 Founder Shares outstanding, of which the Sponsor now holds 8,535,000 Founder Shares. As a result of the significantly lower investment per share of our Sponsor, directors and officers as compared with the investment per share of the Public Shareholders, a transaction which results in an increase in the value of the investment of the Sponsor may result in a decrease in the value of the investment of our Public Shareholders. In addition, if D8 does not consummate a business combination by July 17, 2022 (or if such date is extended at a duly called extraordinary general meeting, such later date), it would cease all operations except for the purpose of winding up, redeeming all of the outstanding Public Shares for cash and, subject to the approval of its remaining shareholders and the D8 Board, liquidating and dissolving, subject in each case to its obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In such event, the 8,625,000 Founder Shares owned by the Initial Shareholders would be worthless because following the redemption of the Public Shares, D8 would likely have few, if any, net assets and because the Insiders have agreed to waive their respective rights to liquidating distributions from the Trust Account in respect of any D8 Class A Ordinary Shares and D8 Class B Ordinary Shares held by it or them, as applicable, if D8 fails to complete a business combination within the required period. Additionally, in such event, the Private Placement Warrants purchased by the Sponsor simultaneously with the consummation of the IPO (including in relation to exercise of the over- allotment option by the underwriters) for an aggregate purchase price of $8,900,000 will also expire worthless. D8’s directors and executive officers, also have a direct or indirect economic interest in such Private Placement Warrants and in the 8,535,000 D8 Class B Ordinary Shares owned by the Sponsor. Michael Kives, Fred Langhammer and Terry Lundgren each own 25,000 D8 Class B Ordinary Shares and Robert Kirby owns 15,000 D8 Class B Ordinary Shares. The 8,625,000 New Vicarious Surgical Class A Shares into which the 8,625,000 D8 Class B Ordinary Shares held by the Insiders will automatically convert in connection with the Merger (including after giving effect to the Domestication), if unrestricted and freely tradable, would have had an aggregate market value of $85,818,750.00 based upon the closing price of $9.95 per Public Share on the NYSE on July 13, 2021, the most recent practicable date prior to the date of this proxy statement/prospectus. However, given that such New Vicarious Surgical Class A Shares will be subject to certain restrictions, including those described elsewhere in this proxy statement/prospectus, D8 believes such shares have less value. The 8,900,000 New Vicarious Surgical Warrants into which the 8,900,000 Private Placement Warrants held by the Sponsor will automatically convert in connection with the Merger (including after giving effect to the Domestication), if unrestricted and freely tradable, would have had an aggregate market value of $15,130,000.00 based upon the closing price of $1.70 per Public Warrant on NYSE on July 13, 2021, the most recent practicable date prior to the date of this proxy statement/prospectus.

•        Donald Tang and David Ho, current directors of D8, are expected to be directors of New Vicarious Surgical after the Closing. As such, in the future, Mr. Tang and Mr. Ho may receive fees for their service as directors, which may consist of cash or stock-based awards, and any other remuneration that New Vicarious Surgical Board determines to pay to its non-employee directors.

•        D8’s existing directors and officers will be eligible for continued indemnification and continued coverage under D8’s directors’ and officers’ liability insurance policy after the Merger and pursuant to the Merger Agreement and indemnification agreements entered into with such directors and officers in connection with the IPO.

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•        In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to D8 if and to the extent any claims by a third party for services rendered or products sold to D8, or a prospective target business with which D8 has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, due to reductions in value of the trust assets, less taxes payable, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the Securities Act.

•        D8’s officers and directors and their affiliates are entitled to reimbursement of out-of-pocket expenses incurred by them related to identifying, investigating, negotiating and completing an initial business combination. However, if D8 fails to consummate a business combination by July 17, 2022, they will not have any claim against the Trust Account for reimbursement. Accordingly, D8 may not be able to reimburse these expenses if the Proposed Transaction or another business combination is not completed by such date.

•        Pursuant to the A&R Registration Rights Agreement, the Insiders will have customary registration rights, including demand and piggy-back rights, subject to cooperation and cut-back provisions with respect to the New Vicarious Surgical Class A Common Stock and New Vicarious Surgical Warrants held by such parties following the consummation of the Proposed Transaction.

•        UBS Securities LLC (“UBS”), the underwriter of D8’s initial public offering, which provided certain advice to D8 in connection with the Business Combination, will be entitled to receive a deferred underwriting commission of $12,075,000 from D8 upon completion of the Business Combination.

The Insiders have agreed to, among other things, vote in favor of the Proposed Transaction, regardless of how the Public Shareholders vote. As of the date of this proxy statement/prospectus, the Insiders own 20% of the issued and outstanding D8 Ordinary Shares.

At any time at or prior to the Proposed Transaction, during a period when they are not then aware of any material non-public information regarding D8 or D8’s securities, the Sponsor, Vicarious Surgical, or their respective directors, officers, advisors or affiliates may purchase Public Shares from institutional and other investors who vote, or indicate an intention to vote, against any of the Condition Precedent Proposals, or execute agreements to purchase such shares from such investors in the future, or they may enter into transactions with such investors and others to provide them with incentives to acquire Public Shares or vote their Public Shares in favor of the Condition Precedent Proposals. Such a purchase may include a contractual acknowledgement that such shareholder, although still the record holder of D8 Ordinary Shares, is no longer the beneficial owner thereof and therefore agrees not to exercise its Redemption Rights. In the event that the Sponsor, Vicarious Surgical or their respective directors, officers, advisors or affiliates purchase shares in privately negotiated transactions from Public Shareholders who have already elected to exercise their Redemption Rights, such selling shareholder would be required to revoke their prior elections to redeem their Public Shares. The purpose of such share purchases and other transactions would be to increase the likelihood of (1) satisfaction of the requirement that holders of a majority of the D8 Ordinary Shares, represented in person or by proxy and entitled to vote at the extraordinary general meeting, vote in favor of the Business Combination Proposal, the Stock Issuance Proposal, the New Vicarious Surgical Equity Incentive Plan Proposal and the Director Election Proposal, (2) satisfaction of the requirement that holders of a majority of at least two-thirds of the D8 Ordinary Shares, represented in person or by proxy and entitled to vote at the extraordinary general meeting, vote in favor of the Domestication Proposal and the Organizational Documents Proposal, (3) satisfaction of the Available Cash Condition, and (4) otherwise limiting the number of Public Shares electing to redeem.

Entering into any such arrangements may have a depressive effect on the price of our D8 Ordinary Shares (e.g., by giving an investor or holder the ability to effectively purchase shares at a price lower than market, such investor or holder may therefore become more likely to sell the shares he or she owns, either at or prior to the Proposed Transaction). If such transactions are effected, the consequence could be to cause the Proposed Transaction to be consummated in circumstances where such consummation could not otherwise occur. Purchases of shares by the persons described above would allow them to exert more influence over the approval of the proposals to be presented at the extraordinary general meeting and would likely increase the chances that such proposals would be approved.

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The existence of financial and personal interests of one or more of D8’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of D8 and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, D8’s officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder.

The personal and financial interests of the Sponsor as well as D8’s directors and officers may have influenced their motivation in identifying and selecting Vicarious Surgical as a business combination target, completing an initial business combination with Vicarious Surgical and influencing the operation of the business following the Closing. In considering the recommendations of the D8 Board to vote for the proposals, its shareholders should consider these interests.

Regulatory Matters

Neither D8 nor Vicarious Surgical are aware of any material regulatory approvals or actions that are required for completion of the Business Combination, other than the regulatory notices and approvals discussed in “The Business Combination Proposal — Merger Agreement — Closing Conditions — Conditions to the Obligations of Each Party” beginning on page 139 of this proxy statement/prospectus. It is presently contemplated that if any such additional regulatory approvals or actions are required, those approvals or actions will be sought. There can be no assurance, however, that any additional approvals or actions will be obtained.

Recommendation to Shareholders of D8

The D8 Board believes that the Business Combination Proposal and the other proposals to be presented at the extraordinary general meeting are in the best interest of D8’s shareholders and unanimously recommends that its shareholders vote “FOR” the approval of the Business Combination Proposal, “FOR” the approval of the Domestication Proposal, “FOR” the approval of the Stock Issuance Proposal, “FOR” the approval of the Organizational Document Proposal, “FOR” the approval, on an advisory basis, of each of the separate Advisory Organizational Documents Proposals, “FOR” the approval of the New Vicarious Surgical Equity Incentive Plan Proposal, “FOR” the approval of the Director Election Proposal and “FOR” the approval of the Shareholder Adjournment Proposal, in each case, if presented to the extraordinary general meeting.

The existence of financial and personal interests of one or more of D8’s directors may result in a conflict of interest on the part of such director(s) between what he, she or they may believe is in the best interests of D8 and its shareholders and what he, she or they may believe is best for himself, herself or themselves in determining to recommend that shareholders vote for the proposals. In addition, D8’s officers have interests in the Proposed Transaction that may conflict with your interests as a shareholder. See the section entitled “The Business Combination Proposal — Certain Benefits of D8’s Directors and Officers and Others in the Business Combination” beginning on page 124 of this proxy statement/prospectus.

Sources and Uses of Funds for the Proposed Transaction

The following tables summarize the sources and uses for funding the Proposed Transaction. The first table assumes that none of the Public Shareholders exercise their Redemption Rights. The second table assumes that Public Shareholders exercise their Redemption Rights with respect to 29,662,115 Public Shares, representing the maximum amount of Public Shares that can be redeemed while still satisfying the Available Cash Condition. Where actual amounts are not known or knowable, the figures below represent Vicarious Surgical’s good faith estimates based on the assumptions set forth in the notes to the tables. If the actual facts are different from these assumptions, the below figures will be different.

Sources

 

($ in millions)

 

Uses

 

($ in millions)

Cash and investments held in the Trust Account(1)

 

$

345

 

Vicarious Surgical Stockholders consideration(2)

 

$

1,000

Issuance to Vicarious Surgical
Stockholders(2)

 

 

1,000

 

Transaction fees(3)

 

 

33

PIPE Investment

 

 

115

 

Cash to balance sheet

 

 

427

Total sources

 

$

1,460

 

Total uses

 

$

1,460

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Estimated Sources and Uses (Maximum Redemptions)

Sources

 

($ in millions)

 

Uses

 

($ in millions)

Cash and investments held in the Trust Account(1)

 

$

345

 

Vicarious Surgical Stockholders consideration(2)

 

$

1,000

Issuance to Vicarious Surgical
Stockholders(2)

 

 


1,000

 


Transaction fees(3)

 

 


33

   

 

   

Redemptions by Public Shareholders(4)

 

 

297

PIPE Investment

 

 

115

 

Cash to balance sheet

 

 

130

Total sources

 

$

1,460

 

Total uses

 

$

1,460

____________

(1)      Calculated as of June 8, 2021 assuming a Closing as of March 31, 2021.

(2)      New Vicarious Surgical Class A Stock to be issued at a deemed value of $10.00 per share.

(3)      Includes deferred underwriting commission of approximately $12.1 million and estimated transaction expenses.

(4)      Assumes that the maximum number of Public Shares that can be redeemed are redeemed, while still satisfying the Available Cash Condition.

U.S. Federal Income Tax Considerations

For a discussion summarizing material U.S. federal income tax considerations of the Domestication and an exercise of Redemption Rights in connection with the Proposed Transaction, please see “U.S. Federal Income Tax Considerations” beginning on page 177 of this proxy statement/prospectus.

Risk Factors

In evaluating the proposals to be presented at the extraordinary general meeting, shareholders should carefully read this proxy statement/prospectus and especially consider the factors discussed in the section entitled “Risk Factors” beginning on page 49 of this proxy statement/prospectus. In particular, such risks include, but are not limited to, the following:

•        Vicarious Surgical has a limited operating history on which to assess the prospects for its business, has not generated any revenue from sales of its products, the Vicarious System, and has incurred losses since inception. Vicarious Surgical anticipates that it will continue to incur significant losses for at least the next several years as it commercializes the Vicarious System for ventral hernia repair and seeks to develop and commercialize new uses.

•        Vicarious Surgical will need to raise additional funding to develop and commercialize the Vicarious System and to expand its research and development efforts. This additional financing may not be available on acceptable terms, or at all. Failure to obtain this necessary capital when needed may force Vicarious Surgical to delay, limit or terminate its product commercialization or development efforts or other operations.

•        Vicarious Surgical’s independent registered public accounting firm has expressed doubt about Vicarious Surgical’s ability to continue as a going concern.

•        Vicarious Surgical is a development stage company with a limited history of operations and no approved products, and it cannot assure you that it will ever have a commercialized product.

•        Vicarious Surgical’s success depends upon market acceptance of the Vicarious System for ventral hernia repair, its ability to develop and commercialize the Vicarious System for ventral hernia repair and additional surgical applications and generate revenues, and its ability to identify new markets for its technology.

•        Medical device development is costly and involves continual technological change, which may render the Vicarious System obsolete.

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•        If Vicarious Surgical does not successfully manage the development and launch of the Vicarious System, Vicarious Surgical will not meet the long term forecasts it presented to D8 and its business, operating and financial results and condition could be adversely affected.

•        Vicarious Surgical expects to generate an increasing portion of its revenue internationally in the future and may become subject to various additional risks relating to its international activities, which could adversely affect its business, operating results and financial condition.

•        Vicarious Surgical has no experience in marketing and selling the Vicarious System and if Vicarious Surgical is unable to successfully commercialize the Vicarious System, Vicarious Surgical’s business and operating results will be adversely affected.

•        Vicarious Surgical relies on limited or sole suppliers for some of the materials and components used in the Vicarious System, and may not be able to find replacements or immediately transition to alternative suppliers, which could require Vicarious Surgical to redesign aspects of the Vicarious System and which would have a material adverse effect on Vicarious Surgical’s business, financial condition, results of operations and reputation.

•        If Vicarious Surgical does not successfully develop, optimize and operate its sales and distribution channels or Vicarious Surgical does not effectively expand and update infrastructure, its operating results and customer experience may be negatively impacted.

•        The market for the Vicarious System and the use of robotic surgical technology is new, rapidly evolving, and increasingly competitive, as the healthcare industry in the United States is undergoing significant structural change, which makes it difficult to forecast demand for Vicarious Surgical’s products and technologies.

•        Quality problems could lead to recalls or safety alerts and/or reputational harm and could have a material adverse effect on Vicarious Surgical’s business, results of operations, financial condition and cash flows.

•        Vicarious Surgical will need to expand its organization, and it may experience difficulties in recruiting needed additional employees and consultants, which could disrupt its operations.

•        Vicarious Surgical is subject to extensive government regulation, which could restrict the development, marketing, sale and distribution of its products and technologies and could cause Vicarious Surgical to incur significant costs.

•        The COVID-19 pandemic has and could continue to negatively affect various aspects of Vicarious Surgical’s business, make it more difficult for Vicarious Surgical to meet its obligations to its customers, and result in reduced demand for the Vicarious System, which could have a material adverse effect on Vicarious Surgical’s business, financial condition, results of operations, or cash flows.

•        There is no guarantee that the FDA will grant 510(k) clearance or PMA approval of the Vicarious System or any of Vicarious Surgical’s future products and technologies, and failure to obtain necessary clearances or approvals for the Vicarious System and its future products and technologies would adversely affect Vicarious Surgical’s ability to grow its business.

•        Vicarious Surgical may be subject to enforcement action if Vicarious Surgical engages in improper or off-label marketing or promotion of the Vicarious System, including fines, penalties and injunctions.

•        If Vicarious Surgical is unable to protect its intellectual property, Vicarious Surgical’s ability to maintain any technological or competitive advantage over its competitors and potential competitors would be adversely impacted, and Vicarious Surgical’s business may be harmed.

•        Vicarious Surgical and its partners may be sued for infringing the intellectual property rights of third parties. If that happens, such litigation would be costly and time consuming, and an unfavorable outcome in any such litigation could have a material adverse effect on Vicarious Surgical’s business.

•        In addition to IP litigation risks, Vicarious Surgical faces the risk of product liability claims and may be subject to damages, fines, penalties and injunctions, among other things.

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•        D8’s shareholders will experience dilution due to the issuance of securities convertible into the shares of New Vicarious Surgical Class A Stock to the Vicarious Surgical Stockholders as consideration in the Merger, the issuance of shares to the PIPE Investors in the PIPE Investment and the issuance to the Vicarious Surgical Stockholders of securities entitling them to a significant voting stake in New Vicarious Surgical.

•        Some of D8’s officers and directors may have conflicts of interest that may influence or have influenced them to support or approve the Business Combination without regard to your interests or in determining whether Vicarious Surgical is appropriate for D8’s initial business combination.

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SUMMARY HISTORICAL FINANCIAL INFORMATION OF D8

D8 is providing the following summary historical financial data to assist you in your analysis of the financial aspects of the Business Combination.

D8’s statement of operations data for the three months ended March 31, 2021 and balance sheet data as of March 31, 2021, are derived from D8’s unaudited financial statements included elsewhere in this proxy statement/prospectus. D8’s statement of operations data for the period from May 6, 2020 (inception) to December 31, 2020 and balance sheet data as of December 31, 2020 is derived from D8’s audited condensed financial statements included elsewhere in this proxy statement/prospectus.

The information is only a summary and should be read in conjunction with D8’s financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations of D8” contained elsewhere in this proxy statement/prospectus. The historical results included below and elsewhere in this proxy statement/prospectus are not indicative of the future performance of D8.

 

For the
Three Months
Ended
March 31,
2021
(Unaudited)

 

For the
Period from
May 6,
2020
(inception)
through
December 31,
2020

Operating expenses

 

 

 

 

 

 

 

 

General and administrative expenses

 

$

1,495,798

 

 

$

297,469

 

Administrative fee – related party

 

 

30,000

 

 

 

54,839

 

Loss from Operations

 

 

(1,525,798

)

 

 

(352,308

)

Change in fair value of warrant liabilities

 

 

(1,725,000

)

 

 

(8,613,000

)

Financing cost – derivative warrant liabilities

 

 

 

 

 

(688,530

)

Net gain from investments held in Trust Accounts

 

 

67,271

 

 

 

191,130

 

Net loss

 

$

(3,183,527

)

 

$

(9,462,708

)

Weighted average shares outstanding of Class A ordinary shares, basic and diluted

 

 

34,500,000

 

 

 

34,312,500

 

   

 

 

 

 

 

 

 

Basic and diluted net income per share, Class A ordinary shares

 

$

0.00

 

 

$

0.1

 

   

 

 

 

 

 

 

 

Weighted average shares outstanding of Class B ordinary shares, basic and diluted

 

 

8,625,000

 

 

 

8,280,711

 

   

 

 

 

 

 

 

 

Basic and diluted net loss per share, Class B ordinary shares

 

$

(0.38

)

 

$

(1.17

)

Balance Sheet Data:

 

March 31,
2021

 

December 31,
2020

   

(unaudited)

 

as restated

Total assets

 

$

346,351,365

 

 

$

346,421,401

Total liabilities

 

$

44,730,211

 

 

$

41,616,720

Working Capital (deficit)

 

$

(421,747

)

 

$

1,104,051

Total stockholders’ equity and Class A common stock subject to possible redemptions

 

$

296,621,150