Maso Capital Offshore Ltd 4
4 · FiscalNote Holdings, Inc. · Filed Aug 2, 2022
Insider Transaction Report
Form 4
Duddell Street Holdings Ltd
10% Owner
Transactions
- Conversion
Class B Ordinary Shares
2022-07-29−4,325,000→ 0 totalExercise: $0.00→ Class A Common Stock (4,325,000 underlying) - Exercise/Conversion
Class A Common Stock
2022-07-29+4,325,000→ 4,325,000 total
Footnotes (3)
- [F1]These shares of Class A Common Stock were acquired upon the automatic conversion of the Class B ordinary shares on a one-for-one basis for no additional consideration concurrently with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated November 7, 2021, by and among Duddell Street Acquisition Corp. (now known as FiscalNote Holdings Inc., the "Issuer"), Grassroots Merger Sub, Inc., a wholly owned subsidiary of the Issuer ("Merger Sub"), and FiscalNote Holdings, Inc. (as it may be amended and/or restated from time to time (the "Business Combination Agreement")).
- [F2]The shares of Class A Common Stock and the converted Class B Ordinary Shares are (or were) held of record by Duddell Street Holdings Limited, a Cayman Islands limited liability company ("Holdings"). Maso Capital Offshore Limited, a Cayman Islands limited liability company ("Maso") is the sole member and manager of Holdings. Maso is beneficially owned and controlled by the Reporting Person, Sohit Khurana and Allan Finnerty, each of whom may be deemed to have beneficial ownership over these shares. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
- [F3]These Class B ordinary shares automatically converted into Class A Common Stock on a one-for-one basis for no additional consideration concurrently with the consummation of the transactions contemplated by the Business Combination Agreement. The Class B ordinary shares had no expiration date.