Cho Young 4
4 · Mount Rainier Acquisition Corp. · Filed Oct 8, 2021
Insider Transaction Report
Form 4
Cho Young
DirectorChief Financial Officer
Transactions
- Purchase
Warrants to purchase Common Stock
2021-10-07+3,000→ 3,000 totalExercise: $11.50→ Common Stock (2,250 underlying) - Purchase
Common Stock
2021-10-07+3,000→ 104,095 total
Footnotes (3)
- [F1]The securities reported herein are held as units ("Units"), with each Unit consisting of one share of common stock, par value $0.0001 ("Common Stock"), of Mount Rainier Acquisition Corp. (the "Company") and one warrant. Each warrant entitles the holder thereof to purchase three-fourths (3/4) of a share of Common Stock at a price of $11.50 per whole share, subject to adjustment. The Units were purchased for a total price of $30,000, or $10.00 per Unit.
- [F2]Each warrant becomes exercisable on the later of one year after the closing of the Company's initial public offering or 30 days after the completion of an initial business combination.
- [F3]The warrants expire five years after the completion of an initial business combination, or earlier upon redemption, as described in the Company's prospectus filed with the SEC.