4//SEC Filing
ARC Global Investments II LLC 4
Accession 0001104659-21-114762
CIK 0001849635other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 5:58 PM ET
Size
8.6 KB
Accession
0001104659-21-114762
Insider Transaction Report
Form 4
ARC Global Investments II LLC
10% Owner
Transactions
- Sale
Class B Common Stock
2021-09-08$0.00/sh−1,650,000$4,950→ 5,490,000 total→ Class A Ordinary Shares (1,650,000 underlying) - Purchase
Class A Common Stock
2021-09-08$10.00/sh+1,133,484$11,334,840→ 1,133,484 total
Footnotes (4)
- [F1]These shares are underlying units (each unit consisting of one share of Class A common stock and one half of one warrant, each whole warrant exercisable to purchase one share of Class A common stock) held by ARC Global Investments II LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333-256472) under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, will automatically be converted into shares of Class A common stock, par value $0.0001 per share, 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.
- [F3]These shares represent Class B common stock held by the Sponsor acquired pursuant to a subscription agreement by and between the Sponsor and the issuer.
- [F4]In connection with the closing of the issuer's initial public offering, the Sponsor transferred these shares to anchor investors pursuant to investment agreements by and among the issuer, the Sponsor and each anchor investor as described in the Registration Statement under the heading "Summary - The Offering - Expressions of Interest."
Documents
Issuer
Digital World Acquisition Corp.
CIK 0001849635
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001877431
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 5:58 PM ET
- Size
- 8.6 KB