Narayanan Srinath 4
4 · Project Energy Reimagined Acquisition Corp. · Filed Jul 29, 2024
Insider Transaction Report
Form 4
Narayanan Srinath
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A ordinary shares
2024-07-26−5,272,698→ 0 total(indirect: See Footnote) - Conversion
Class B ordinary shares
2024-07-26−1→ 0 total(indirect: See Footnote)→ Class A ordinary shares (1 underlying) - Conversion
Class A ordinary shares
2024-07-26+1→ 5,272,698 total(indirect: See Footnote) - Other
Warrant
2024-07-26−8,425,532→ 0 total(indirect: See Footnote)Exercise: $11.50From: 2024-08-25Exp: 2029-07-26→ Class A ordinary shares (8,425,532 underlying)
Footnotes (5)
- [F1]Represents one Class B ordinary share of Project Energy Reimagined Acquisition Corp. (the "Issuer") that converted into one Class A ordinary share of the Issuer in connection with the consummation of the business combination (the "Business Combination") pursuant to that certain Business Combination Agreement, dated as of October 2, 2023, by and among the Issuer, Heramba Electric plc ("Holdco"), Heramba Merger Corp., Heramba Limited and Heramba GmbH.
- [F2]The reported securities were held directly by Smilodon Capital, LLC (the "Sponsor") and indirectly by Admit Capital, LLC ("Admit Capital"), as the manager of the Sponsor, and Srinath Narayanan, as the manager of Admit Capital. By virtue of these relationships, each of Admit Capital and Mr. Narayanan may have been deemed to share beneficial ownership of the reported securities. Each of Admit Capital and Mr. Narayanan disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.
- [F3]Disposed of in exchange for ordinary shares of Holdco ("Holdco Ordinary Shares") in connection with the consummation of the Business Combination, a portion of which shares were distributed to the Sponsor's members.
- [F4]The Class B ordinary shares of the Issuer were automatically convertible into Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis (subject to adjustment), and had no expiration date.
- [F5]Represents private placement warrants acquired by the Sponsor in connection with the Issuer's initial public offering, which warrants were converted into warrants of Holdco to purchase Holdco Ordinary Shares, at an exercise price of $11.50 per share, in connection with the consummation of the Business Combination.