4//SEC Filing
Trine Sponsor IH, LLC 4
Accession 0000950142-20-002729
CIK 0001754820other
Filed
Dec 8, 7:00 PM ET
Accepted
Dec 9, 4:53 PM ET
Size
12.1 KB
Accession
0000950142-20-002729
Insider Transaction Report
Form 4
Trine Sponsor IH, LLC
10% Owner
Transactions
- Exercise/Conversion
Class A Common Stock
2020-12-09+7,403,750→ 7,403,750 total - Exercise/Conversion
Class B Common Stock
2020-12-09−7,403,750→ 0 total→ Class A Common Stock - Award
Private Placement Warrants
2020-12-09$1.00/sh−8,503,000$8,503,000→ 8,503,000 totalExercise: $11.50→ Class A Common Stock (8,503,000 underlying)
Footnotes (4)
- [F1]As described in the registration statement on Form S-1 (File No. 333-229853) of Trine Acquisition Corp. (the "Issuer") under the heading "Description of Securities-Founder Shares," the shares of Class B common stock of the Issuer (the "Class B Shares") will automatically convert into shares of Class A common stock of the Issuer (the "Class A Shares") at the time of the issuer's initial business combination or earlier at the option of the holder, in each case, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights.
- [F2]On December 9, 2020, the Issuer consummated its initial business combination (the "Business Combination") with Desktop Metal, Inc., a Delaware corporation ("Desktop Metal"). In connection with the Business Combination, each Class B Share converted to one Class A Share.
- [F3]The Private Placement Warrants were purchased by Trine Sponsor IH, LLC (the "Sponsor") on March 19, 2019. Each Private Placement Warrant is exercisable for one Class A Share at an exercise price of $11.50 per Class A Share, subject to certain adjustments. The Private Placement Warrants may be exercised only during the period commencing 30 days after the first date on which the Issuer completes a business combination and expires five years after the completion of the Issuer's business combination or earlier upon redemption or liquidation.
- [F4]Robin Trine Holdings, LLC ("RTH") and HPS Investment Partners, LLC ("HPS") are the members of the Sponsor, and as such each of HPS and RTH has appointed a member to the board of the Sponsor, which board has voting and investment discretion with respect to the securities held of record by the Sponsor. Leo Hindery, Jr., a director of the Issuer, is the managing member of RTH. Based on the foregoing, Mr. Hindery, RTH and HPS may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor. Each such entity or 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.
Documents
Issuer
Trine Acquisition Corp.
CIK 0001754820
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001754814
Filing Metadata
- Form type
- 4
- Filed
- Dec 8, 7:00 PM ET
- Accepted
- Dec 9, 4:53 PM ET
- Size
- 12.1 KB