4//SEC Filing
TLG Acquisition Founder LLC 4
Accession 0000899243-23-017741
CIK 0001827871other
Filed
Aug 1, 8:00 PM ET
Accepted
Aug 2, 9:46 PM ET
Size
15.2 KB
Accession
0000899243-23-017741
Insider Transaction Report
Form 4
TLG Acquisition Founder LLC
10% Owner
Transactions
- Conversion
Class F Common Stock
2023-07-31−1,090,217→ 0 total→ Class A Common Stock (1,090,217 underlying) - Award
Class A Common Stock
2023-07-31+756,635→ 756,635 total - Conversion
Class A Common Stock
2023-07-31+1,090,217→ 1,846,852 total - Other
Class F Common Stock
2023-07-31−3,270,652→ 1,090,217 total→ Class A Common Stock (3,270,652 underlying) - Other
Warrants (right to buy)
2023-07-31−1,000,000→ 1,000,000 totalFrom: 2023-08-30Exp: 2028-07-31→ Class A Common Stock (1,000,000 underlying)
Footnotes (5)
- [F1]On July 31, 2023, TLG Acquisition Founder LLC (the "Sponsor") received 756,635 shares of Class A Common Stock of the Issuer ("Class A Common Stock") upon the conversion of working capital loans in connection with the completion of the Issuer's business combination with Electriq Power, Inc. ("Electriq").
- [F2]Shares of Class F Common Stock of the Issuer ("Class F Common Stock") were convertible into shares of Class A Common Stock as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-252032) and the shares of Class F Common Stock had no expiration date.
- [F3]On July 31, 2023, in connection with the closing of the Issuer's business combination, the Sponsor forfeited and surrendered for no consideration 3,270,652 shares of Class F Common Stock pursuant to the terms of the Sponsor Agreement, dated November 13, 2022 (as amended on June 8, 2023), by and among the Issuer, the Sponsor, TLG Fund I, LP, Electriq and the other parties thereto.
- [F4]The Issuer consummated its initial Business Combination on July 31, 2023, whereby, among other things, the shares of Class F Common Stock converted into shares of Class A Common Stock.
- [F5]On July 31, 2023, the Sponsor received 1,000,000 warrants to purchase shares of Class A Common Stock for $6.57 per share upon the conversion of $1,500,000 of working capital loans in connection with the completion of the Business Combination.
Documents
Issuer
Electriq Power Holdings, Inc.
CIK 0001827871
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001827870
Filing Metadata
- Form type
- 4
- Filed
- Aug 1, 8:00 PM ET
- Accepted
- Aug 2, 9:46 PM ET
- Size
- 15.2 KB