4//SEC Filing
Heng Jun Hong 4
Accession 0001104659-22-129102
CIK 0001837160other
Filed
Dec 20, 7:00 PM ET
Accepted
Dec 21, 4:19 PM ET
Size
17.0 KB
Accession
0001104659-22-129102
Insider Transaction Report
Form 4
COVA Acquisition Sponsor LLC
10% Owner
Transactions
- Conversion
Class B Ordinary Shares
2022-12-20−5,250,000→ 0 total→ Class A Ordinary Shares (5,250,000 underlying) - Other
Warrants
2022-12-20−8,872,000→ 0 total→ Class A Ordinary Shares (8,872,000 underlying) - Conversion
Class A Ordinary Share
2022-12-20+5,250,000→ 5,250,000 total - Other
Class A Ordinary Share
2022-12-20−5,250,000→ 0 total - Disposition to Issuer
Class B Ordinary Shares
2022-12-20−2,250,000→ 5,250,000 total→ Class A Ordinary Shares (2,250,000 underlying)
Heng Jun Hong
DirectorChairman, CEO and CFO10% Owner
Transactions
- Disposition to Issuer
Class B Ordinary Shares
2022-12-20−2,250,000→ 5,250,000 total→ Class A Ordinary Shares (2,250,000 underlying) - Conversion
Class B Ordinary Shares
2022-12-20−5,250,000→ 0 total→ Class A Ordinary Shares (5,250,000 underlying) - Other
Warrants
2022-12-20−8,872,000→ 0 total→ Class A Ordinary Shares (8,872,000 underlying) - Conversion
Class A Ordinary Share
2022-12-20+5,250,000→ 5,250,000 total - Other
Class A Ordinary Share
2022-12-20−5,250,000→ 0 total
Footnotes (6)
- [F1]Represents Class B ordinary shares held by COVA Acquisition Sponsor LLC (the "Sponsor") that converted into Class A ordinary shares of COVA Acquisition Corp. (the "Issuer") and were disposed of in exchange for Class A ordinary shares of ECARX Holdings Inc. ("ECARX Holdings") in connection with the business combination (the "Business Combination") pursuant to that certain Agreement and Plan of Merger, dated as of May 26, 2022, by and among the Issuer, ECARX Holdings, Ecarx&Co Limited and Ecarx Temp Limited.
- [F2]The shares reported above are held in the name of COVA Acquisition Sponsor LLC, our Sponsor. Our Sponsor is controlled by Jun Hong Heng.
- [F3]In connection with the Business Combination, the Sponsor forfeited 2,250,000 Class B ordinary shares (the "Forfeiture") to the Issuer pursuant to the terms of the Sponsor Support Agreement and Deed, dated May 26, 2022, by and among the Issuer, ECARX Holdings and the Sponsor.
- [F4]The Class B ordinary shares are convertible for shares of the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's registration statement on Form S-1 (File No. 333-252273).
- [F5]The warrants will become exercisable 30 days after the completion of the Business Combination. The warrants will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation. Upon conversion into warrants of ECARX Holdings in connection with the Business Combination, each whole warrant will entitle the holder thereof to purchase one ordinary share of ECARX Holdings at a price of $11.50 per share (subject to adjustment).
- [F6]Represents private placement warrants purchased in connection with the Issuer's initial public offering which converted into the same number of warrants of ECARX Holdings in connection with the Business Combination.
Documents
Issuer
COVA Acquisition Corp.
CIK 0001837160
Entity typeother
Related Parties
1- filerCIK 0001842577
Filing Metadata
- Form type
- 4
- Filed
- Dec 20, 7:00 PM ET
- Accepted
- Dec 21, 4:19 PM ET
- Size
- 17.0 KB