H.I.G. Acquisition Advisors, LLC 4
4 · H.I.G. Acquisition Corp. · Filed Dec 8, 2020
Insider Transaction Report
Form 4
H.I.G. Acquisition Advisors, LLC
10% Owner
Transactions
- Other
Class B ordinary shares
2020-12-04−245,125→ 8,958,625 total→ Class A ordinary shares (245,125 underlying)
Footnotes (3)
- [F1]This Form 4 reflects the automatic surrender to the issuer of 245,125 shares of the issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriter of the issuer's initial public offering to purchase additional units.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333- 249097) under the heading "Description of Securities -- Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F3]Brian Schwartz and Rob Wolfson control the reporting person, and as such have voting and investment discretion with respect to the securities held by the the reporting person and each may be deemed to have beneficial ownership of the securities held directly by the reporting person.