StoneBridge Acquisition Sponsor LLC 4
4 · StoneBridge Acquisition Corp. · Filed Sep 1, 2021
Insider Transaction Report
Form 4
StoneBridge Acquisition Sponsor LLC
10% Owner
Transactions
- Disposition to Issuer
Class B ordinary share
2021-08-30−750,000→ 5,000,000 total→ Class A ordinary share (750,000 underlying)
Footnotes (2)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333- 253641) under the heading "Description of Securities - Ordinary Shares - 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, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]As contemplated in connection with the initial public offering of the Issuer, 750,000 Class B ordinary shares of the Issuer were forfeited by StoneBridge Acquisition Sponsor LLC (the "Sponsor") to the Issuer for no consideration and cancelled because the underwriters of the Issuer's initial public offering did not exercise their over-allotment option as described in the Issuer's registration statement.