LF International Pte. Ltd. 3
3 · Yunhong International · Filed Feb 12, 2020
Insider Transaction Report
Form 3
Li Yubao
Director10% Owner
Holdings
- (indirect: See Footnote)
Class B Ordinary Shares
→ Class A Ordinary Shares (1,725,000 underlying)
Footnotes (3)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-232432) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares 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 pursuant to certain anti-dilution rights and has no expiration date.
- [F2]These shares represent Class B ordinary shares held by LF International Pte. Ltd. (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. These shares owned by the Sponsor includes up to 225,000 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option as described in the issuer's registration statement.
- [F3]Mr. Li may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor, as its principal shareholder. Mr. Li disclaims beneficial ownership of the ordinary shares held by the Sponsor other than to the extent of his pecuniary interest in such shares.