4//SEC Filing
Dune Acquisition Holdings LLC 4
Accession 0000905148-24-003358
CIK 0001817232other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 9:56 PM ET
Size
12.9 KB
Accession
0000905148-24-003358
Insider Transaction Report
Form 4
Global Gas CorpHGAS
Glatt Carter
Director10% OwnerOther
Transactions
- Award
Convertible Promissory Notes
2024-12-05Exercise: $0.15From: 2024-12-05Exp: 2025-03-31→ Class A Common Stock (693,000 underlying) - Award
Class A Common Stock
2024-12-05+200,000→ 200,000 total - Award
Convertible Promissory Notes
2024-12-05(indirect: See footnote)Exercise: $0.15From: 2024-12-05Exp: 2025-03-31→ Class A Common Stock (1,133,333 underlying)
Holdings
- 4,312,500(indirect: See footnote)
Class A Common Stock
Dune Acquisition Holdings LLC
10% Owner
Transactions
- Award
Class A Common Stock
2024-12-05+200,000→ 200,000 total - Award
Convertible Promissory Notes
2024-12-05Exercise: $0.15From: 2024-12-05Exp: 2025-03-31→ Class A Common Stock (693,000 underlying) - Award
Convertible Promissory Notes
2024-12-05(indirect: See footnote)Exercise: $0.15From: 2024-12-05Exp: 2025-03-31→ Class A Common Stock (1,133,333 underlying)
Holdings
- 4,312,500(indirect: See footnote)
Class A Common Stock
Footnotes (2)
- [F1]Each of these promissory notes ("Notes") were first issued to the respective Reporting Person by the Issuer on June 21, 2023 in the form of unsecured promissory notes that were not convertible into Class A Common Stock. On December 5, 2024, the Issuer and the holder of each respective Note amended and restated each such applicable Note to: (i) fix the principal amount of each Note at the amount outstanding as of September 30, 2024; (ii) establish a maturity date of March 31, 2025; (iii) add interest of 5% per annum on the unpaid principal balance of each Note, payable in kind; and (iv) include a conversion feature whereby the holder may elect to convert the principal and accrued interest of such Note into Class A Common Stock of the Issuer at $0.15 per share. Accordingly, the number of shares of Class A Common Stock into which each Note can be converted is subject to change as interest accrues on the Note.
- [F2]These securities are held directly by Dune Acquisition Holdings LLC. Mr. Glatt is the manager of Dune Acquisition Holdings LLC and has voting and investment discretion with respect to the securities held of record by Dune Acquisition Holdings LLC. Mr. Glatt disclaims any beneficial ownership of the securities held by Dune Acquisition Holdings LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
Global Gas Corp
CIK 0001817232
Entity typeother
Related Parties
1- filerCIK 0001823247
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 9:56 PM ET
- Size
- 12.9 KB