Arowana Inc. 4
4 · Arowana Inc. · Filed May 12, 2015
Insider Transaction Report
Form 4
Arowana Inc.ARWA
Chin Kevin
DirectorChairman and CEO
Transactions
- Purchase
Ordinary Shares
2015-05-12$10.00/sh+13,081$130,810→ 123,281 total(indirect: By Trust) - Purchase
Right to Receive Ordinary Share
2015-05-12$10.00/sh+13,081$130,810→ 123,281 total(indirect: By Trust)→ Ordinary Share (1,308 underlying) - Purchase
Redeemable Warrant
2015-05-12$10.00/sh+13,081$130,810→ 123,281 total(indirect: By Trust)→ Ordinary Share (6,541 underlying)
Holdings
- 827,979(indirect: By Trust)
Ordinary Shares
Footnotes (8)
- [F1]Mr. Chin is a beneficiary of The Panaga Group Trust and one of the directors of the corporate trustee of such fund. Accordingly, he may be deemed to have voting and dispositive power over the shares held by this entity. Mr. Chin disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Chin is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F2]Represents securities underlying units of the Issuer ("Unit"). Each Unit consists of one ordinary share, one right ("Right") to receive one-tenth of one ordinary share upon the consummation of the Issuer's initial business combination and one redeemable warrant ("Warrant") entitling the holder to purchase one-half of one ordinary share.
- [F3]Represents the price for which the 13,081 Units were purchased, which price includes consideration for the underlying Ordinary Shares, Rights and Warrants. The Reporting Person irrevocably comitted to purchase such Units prior to the effective date of the registration statement relating to the Issuer's initial public offering.
- [F4]Each Right entitles the holder to receive one-tenth (1/10) of one ordinary share upon consummation of the Issuer's initial business combination.
- [F5]If the Issuer fails to consummate an initial business combination within eighteen (18) months from the closing of the Issuer's initial public offering, the Issuer will be dissolved and the Rights will expire worthless.
- [F6]Each Warrant entitles the holder thereof to purchase one-half of one ordinary share at a price of $12.50 per full share, exercisable in multiples of two.
- [F7]Each Warrant will become exercisable on the later of the completion of an initial business combination and April 30, 2016.
- [F8]Each Warrant will expire five years after the completion of an initial business combination, or earlier upon redemption.