Origo Acquisition Corp 4
4 · Origo Acquisition Corp · Filed Jun 14, 2016
Insider Transaction Report
Form 4
FRED EDWARD J
DirectorCEO and President10% Owner
Transactions
- Award
Promissory Note
2016-06-10+8,750→ 8,750 totalExercise: $10.00→ Units (8,750 underlying)
Footnotes (3)
- [F1]The promissory note is convertible, at the Reporting Person's option, at the closing of the Issuer's initial business combination.
- [F2]Each unit consists of one ordinary share, one right to receive one-tenth (1/10) of an ordinary share upon consummation of the Issuer's initial business combination and one redeemable warrant to purchase one-half (1/2) of an ordinary share at a price of $11.50 per full share, as further described in the Issuer's final prospectus dated December 12, 2014.
- [F3]The promissory note was issued in consideration of a $500,000 loan made by the Reporting Person to the Issuer. Of the $500,000 loan, $87,500 of the principal balance is convertible as described herein.