Phoenix SPAC Holdco LLC 3
3 · Valor Latitude Acquisition Corp. · Filed May 6, 2021
Insider Transaction Report
Form 3
Phoenix SPAC Holdco LLC
10% Owner
Holdings
- 3,000,000
Class A ordinary shares
Class B ordinary shares
→ Class A ordinary shares (738,731 underlying)
Footnotes (3)
- [F1]Acquired in connection with the closing of the Issuer's initial public offering on May 6, 2021.
- [F2]The Reporting Person holds 738,731 Class B ordinary shares of the Issuer ("Class B Shares"). The Class B Shares will automatically convert into Class A ordinary shares of the Issuer ("Class A Shares") at a ratio of no less than one-to-one on the first business day following the consummation of the Issuer's initial business combination, with the actual conversion rate as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-254159) filed with the Securities and Exchange Commission on April 19, 2021. The Class B Shares have no expiration date.
- [F3]The Class B Shares held by the Reporting Person are subject to forfeiture in the event the underwriters' over-allotment option is not exercised.