4//SEC Filing
Wu Yang 4
Accession 0000947871-24-000953
CIK 0001760689other
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 9:44 PM ET
Size
10.9 KB
Accession
0000947871-24-000953
Insider Transaction Report
Form 4
Wu Yang
DirectorChief Executive Officer10% Owner
Transactions
- Award
Convertible Loan
2024-05-28→ 24,000,000 totalExercise: $0.50From: 2024-05-28Exp: 2025-11-28→ Common Stock (24,000,000 underlying) - Award
Warrants (Right to Buy)
2024-05-28+5,500,000→ 5,500,000 totalExercise: $2.00From: 2024-05-28Exp: 2029-05-28→ Common Stock (5,500,000 underlying) - Award
Convertible Loan
2024-07-23→ 50,000,000 totalExercise: $0.50From: 2024-07-23Exp: 2025-11-28→ Common Stock (26,000,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Loan and Security Agreement, dated as of May 28, 2024, by and among the Issuer, Microvast, Inc., each direct or indirect subsidiary of the Issuer that is or may, from time to time, become a party thereto, the Reporting Person and Acquiom Agency Services LLC (the "Loan Agreement"), the Reporting Person made available to the Issuer an initial term loan in the amount of $12,000,000 and a delayed draw term loan in the amount of $13,000,000. Pursuant to the Loan Agreement, the Reporting Person has the right to convert the outstanding principal balance of the loans issued thereunder, in whole or in part, in increments of $100,000 into shares of common stock, par value $0.0001 per share, of the Issuer ("Common Stock") at an initial conversion rate equal to two shares of Common Stock per $1.00 of principal to be converted.
- [F2]In connection with its entry into the Loan Agreement, the Issuer issued to the Reporting Person a warrant to purchase shares of Common Stock that was immediately exercisable, in whole or in part, in increments of 100,000 shares of Common Stock.
Documents
Issuer
Microvast Holdings, Inc.
CIK 0001760689
Entity typeother
Related Parties
1- filerCIK 0001874005
Filing Metadata
- Form type
- 4
- Filed
- Nov 20, 7:00 PM ET
- Accepted
- Nov 21, 9:44 PM ET
- Size
- 10.9 KB