Enphys Acquisition Sponsor LLC 4
4 · Enphys Acquisition Corp. · Filed Oct 13, 2021
Insider Transaction Report
Form 4
Enphys Acquisition Sponsor LLC
10% Owner
Transactions
- Other
Class B Common Stock
2021-10-08$0.00/sh−2,050,200$205→ 15,394,800 total→ Class A Ordinary Shares (2,050,200 underlying) - Purchase
Warrant to Purchase Common Stock (right to buy)
2021-10-08$1.00/sh+8,900,000$8,900,000→ 17,445,000 totalExercise: $11.50→ Class A Ordinary Shares (8,900,000 underlying)
Footnotes (4)
- [F1]The warrants become exercisable on the later of (i) 30 days after the completion of Enphys Acquisition Corp.'s (the "Issuer") initial business combination and (ii) 12 months from the closing of the Issuer's initial public offering.
- [F2]The warrants expire 5 years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the Issuer's registration statement (the "Registration Statement") filed with the SEC (File No. 333-257932).
- [F3]As described in the Registration Statement under the heading "Description of Securities," the Class B ordinary shares automatically convert into the number of shares of Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
- [F4]Such number of shares were cancelled as described in the Registration Statement.