SINO MERCURY ACQUISITION CORP. 4
4 · SINO MERCURY ACQUISITION CORP. · Filed Jun 2, 2015
Insider Transaction Report
Form 4
Hao Jianming
DirectorChairman and CEO10% Owner
Transactions
- Award
Convertible Promissory Note
2015-05-29$10.00/sh+30,000$300,000→ 30,000 totalExercise: $10.00→ Common Stock (33,000 underlying)
Footnotes (4)
- [F1]Upon the completion by the Issuer of an initial business combination, this promissory note may be convertible into units of the Issuer at a price of $10.00 per unit. Each unit ("Unit") consists of one share of Issuer's common stock ("Common Stock") and one right ("Right") to receive one-tenth of one share of Common Stock upon consummation of the Issuer's initial business combination.
- [F2]Represents Units issuable upon conversion of the promissory note.
- [F3]If the Issuer fails to consummate an inital business combination by September 1, 2016, the Issuer will be dissolved and the promissory note will not be convertible.
- [F4]Includes 3,000 shares issuable upon conversion of the Rights underlying the Units.