UTA Acquisition Sponsor LLC 4
4 · UTA Acquisition Corp · Filed Sep 27, 2023
Insider Transaction Report
Form 4
UTA Acquisition Sponsor LLC
10% Owner
Transactions
- Other
Private Placement Warrants
2023-09-25−11,200,000→ 0 total→ Class A Ordinary Shares (11,200,000 underlying) - Disposition to Issuer
Class B Ordinary Shares
2023-09-25−5,674,999→ 1 total→ Class A Ordinary Shares (5,674,999 underlying)
Footnotes (3)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-260967) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date.
- [F2]As described in the Registration Statement, each private placement warrant of the Issuer entitled the holder thereof to purchase one Class A Ordinary Share, at a price of $11.50 per share, 30 days after the consummation of the Issuer's initial business combination (the "Private Placement Warrants") and would expire at the earlier of five years following such initial business combination or upon redemption or liquidation.
- [F3]On September 1, 2023, the Issuer announced that it would not consummate an initial business combination by the September 6, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 25, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 5,674,999 Class B Ordinary Shares for no consideration and the Warrants expired worthless.