RedOne Investment Ltd 4/A
4/A · Lakeshore Acquisition I Corp. · Filed Jul 19, 2021
Insider Transaction Report
Form 4/AAmended
RedOne Investment Ltd
10% Owner
Transactions
- Other
Ordinary Shares, par value $0.0001
2021-06-28−43,517→ 916,948 total - Purchase
Ordinary Shares, par value $0.0001
2021-06-28+5,430→ 922,378 total - Purchase
Warrant
2021-06-28+4,073→ 91,282 totalExercise: $11.50→ Ordinary Shares, par value $0.0001 (4,073 underlying)
Footnotes (6)
- [F1]Includes founder shares issued in connection with the initial public offering (the "IPO") of Lakeshore Acquisition I Corp. (the "Company").
- [F2]Simultaneously with the consummation of the Company's IPO, RedOne Investment Limited (the "Sponsor") acquired 116,279 units in a private placement (the "Private Units"). Each Private Unit consists of one ordinary share of the Company, par value $0.0001, and three-quarters of one warrant to purchase one ordinary share at an exercise price of $11.50 per share (the "Warrants"). The Private Units were purchased for $10.00 per unit.
- [F3]As contemplated in connection with the Company's IPO, 43,517 founder shares were returned by the Sponsor to the Company for no consideration and cancelled because the underwriters' over-allotment option was partially exercised and the remaining portion of the option would not be exercised by the underwriters.
- [F4]In connection with the exercise of the underwriters' over-allotment option, the Sponsor purchased an additional 5,430 Private Units as contemplated under the purchase agreement for the Private Units. The additional Private Units were purchased for $10.00 per unit.
- [F5]The Warrants will become exercisable at any time commencing 30 days after the completion of the Company's initial business combination.
- [F6]The Warrants will expire five years after the completion of the Company's initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.