Capitol Acquisition Corp. III 4
4 · Capitol Acquisition Corp. III · Filed Aug 15, 2016
Insider Transaction Report
Form 4
Sodha Piyush
Director
Transactions
- Award
Convertible Promissory Note
2016-08-11+12,121→ 12,121 totalExercise: $1.00→ Warrants (right to buy) (12,121 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 warrant entitles the Reporting Person to purchase one share of common stock at a price of $11.50 per share. The warrants become exercisable 30 days after the completion of an initial business combination or 12 months from the closing of the Issuer's initial public offering.
- [F3]The convertible promissory note was issued in consideration of a loan made by the Reporting Person in the same amount.