3//SEC Filing
ENPC Holdings, LLC 3
Accession 0000899243-20-025192
CIK 0001816261other
Filed
Sep 14, 8:00 PM ET
Accepted
Sep 15, 9:17 PM ET
Size
7.7 KB
Accession
0000899243-20-025192
Insider Transaction Report
Form 3
ENPC Holdings, LLC
10% Owner
Holdings
Class F ordinary shares
→ Class A ordinary shares (672,000 underlying)Class B ordinary shares
→ Class A ordinary shares (116,400 underlying)
Footnotes (4)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-248267) under the heading "Description of Securities-Founder Shares", the Class F ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial partnering transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]The Class F ordinary shares owned by the reporting person include up to 90,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the issuer's securities do not exercise in full their over-allotment option as described in the issuer's registration statement.
- [F3]As described in the issuer's registration statement on Form S-1 (File No. 333-248267) under the heading "Description of Securities-Performance Shares", a portion of the Class B ordinary shares, par value $0.0001, will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer on the last day of each fiscal year following consummation of the partnering transaction, depending on a number of factors including, but not limited to, the per price share of the issuer's Class A common stock, as described under the heading "Description of Securities-Performance Shares".
- [F4]This Form 3 is being filed by ENPC Holdings, LLC, sponsor of the issuer ("Sponsor"). Sponsor is controlled by its board of managers, being Alex J. Dunn, Taggart M. Romney, Eric F. Scheuermann. Any action by Sponsor with respect to the issuer or the issuer's securities held by Sponsor, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three", because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer's securities held by Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on Sponsor's board of managers is deemed to have or share beneficial ownership of the founder shares held by Sponsor.
Documents
Issuer
Executive Network Partnering Corp
CIK 0001816261
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001824186
Filing Metadata
- Form type
- 3
- Filed
- Sep 14, 8:00 PM ET
- Accepted
- Sep 15, 9:17 PM ET
- Size
- 7.7 KB