Sarkar Shibasish 4
4 · International Media Acquisition Corp. · Filed Aug 2, 2021
Insider Transaction Report
Form 4
Sarkar Shibasish
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Common Stock
2021-08-02$10.00/sh+714,400$7,144,000→ 6,314,400 total(indirect: See footnote) - Purchase
Rights to acquire Common Stock
2021-08-02+714,000→ 714,400 total(indirect: See footnote)→ Common Stock (35,720 underlying) - Purchase
Warrants to purchase Common Stock
2021-08-02+714,400→ 714,400 total(indirect: See footnote)Exercise: $11.50→ Common Stock (535,800 underlying)
Footnotes (5)
- [F1]Owned by Content Creation Media LLC, over which Shibasish Sarkar has voting and dispositive power. Mr. Sarkar disclaims beneficial ownership, except to the extent of any pecuniary interest therein.
- [F2]The reporting person acquired 714,400 units, each unit consisting of one share of common stock, one right to receive one-twentieth (1/20) share of common stocks and one warrant to purchase three-fourths (3/4) share of common stock.
- [F3]The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
- [F4]The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
- [F5]The rights convert automatically into shares of common stock at the completion of the registrant's initial business combination.