3//SEC Filing
PROOF Acquisition Sponsor I, LLC 3
Accession 0001140361-21-039868
CIK 0001853070other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 4:59 PM ET
Size
5.7 KB
Accession
0001140361-21-039868
Insider Transaction Report
Form 3
PROOF Acquisition Sponsor I, LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (5,750,000 underlying)
Footnotes (3)
- [F1]The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-261015).
- [F2]Includes up to 750,000 shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised, if at all. This amount does not reflect the repurchase by the Issuer of an aggregate of 400,000 shares of Class B common stock (or 460,000 shares if the underwriter's over-allotment option is exercised in full) from the Reporting Person in connection with the closing of the offering and the reissuance of such shares to funds and accounts managed by subsidiaries of BlackRock, Inc., as described in the Registration Statement.
- [F3]The Reporting Person is the sponsor (the "Sponsor") of the Issuer. The Sponsor is controlled by its manager, PROOF Sponsor Management LLC (the "Manager"). The managing members of the Manager are John C. Backus, Jr., Steven P. Mullins and Michael W. Zarlenga. No person individually has the power to vote or control the interests of the Sponsor. Each individual disclaims beneficial ownership of these shares except to the extent of any pecuniary interest therein. Accordingly, none of the managing members is deemed to have or share beneficial ownership of the founder shares held by the Sponsor.
Documents
Issuer
PROOF Acquisition Corp I
CIK 0001853070
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001894742
Filing Metadata
- Form type
- 3
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 4:59 PM ET
- Size
- 5.7 KB