Fortress Capital Acquisition Sponsor LLC 4
4 · Fortress Capital Acquisition Corp · Filed Mar 21, 2022
Insider Transaction Report
Form 4
Transactions
- Sale
Class B ordinary shares, par value $0.0001 per share
2022-03-17$300.00/sh−25,000$7,500,000→ 9,925,000 total(indirect: See footnote)→ Class A ordinary shares, par value $0.0001 per share (25,000 underlying)
Footnotes (3)
- [F1]Pursuant to the Issuer's amended and restated memorandum and articles of association, the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to adjustment pursuant to certain anti-dilution rights.
- [F2]Sponsor sold 25,000 Class B ordinary shares for the aggregate consideration of $300.00.
- [F3]Sponsor directly owns Class B ordinary shares of the Issuer.