Twin Ridge Capital Sponsor, LLC 4
4 · Twin Ridge Capital Acquisition Corp. · Filed Apr 21, 2021
Insider Transaction Report
Form 4
Twin Ridge Capital Sponsor, LLC
Director10% Owner
Transactions
- Other
Class B ordinary shares
2021-04-19−422,797→ 5,327,203 total→ Class A ordinary shares (422,797 underlying)
Footnotes (3)
- [F1]This Form 4 reflects the automatic surrender to the issuer of 422,797 of the issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the expiration of the option of the underwriter of the issuer's initial public offering to purchase additional units.
- [F2]As described in the issuer's registration statement on Form S-1 (File No. 333- 252363) under the heading "Description of Securities -- Founder Shares", the Class B ordinary shares will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F3]This Form 4 is being filed by Twin Ridge Capital Sponsor, LLC (the "Sponsor"). The Sponsor is controlled by Dale Morrison, Sanjay K. Morey and William P. Russell, Jr.