Pine Island Sponsor LLC 3
3 · Pine Island Acquisition Corp. · Filed Nov 16, 2020
Insider Transaction Report
Form 3
Pine Island Sponsor LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (5,670,000 underlying)
Footnotes (2)
- [F1]Shares of Class B Common Stock will automatically convert into shares of the Issuer's Class A Common Stock at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described under the heading "Description of Securities" in the Issuer's registration statement on form S-1 (File No. 333-248995) (the "Registration Statement") and have no expiration date.
- [F2]The shares of Class B common stock beneficially owned by the reporting person includes up to 750,000 shares subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Registration Statement.