Enphys Acquisition Sponsor LLC 4
4 · Enphys Acquisition Corp. · Filed Oct 17, 2023
Insider Transaction Report
Form 4
Enphys Acquisition Sponsor LLC
10% Owner
Transactions
- Conversion
Class A Ordinary Shares
2023-10-17+4,994,800→ 4,994,800 total - Conversion
Class B Ordinary Shares
2023-10-17−4,994,800→ 1,500,000 total→ Class A Ordinary Shares (4,994,800 underlying)
Footnotes (2)
- [F1]In accordance with the Amended and Restated Memorandum and Articles of Association of Enphys Acquisition Corp. ("NFYS"), Enphys Acquisition Sponsor LLC (the "Sponsor") elected to convert 4,994,800 of its Class B ordinary shares of NFYS, par value $0.0001 per share (the "Class B Ordinary Shares"), into Class A ordinary shares of NFYS, par value $0.0001 per share (the "Class A Ordinary Shares") on a one-for-one basis for no consideration.
- [F2]The Class B Ordinary Shares were (i) convertible into Class A Ordinary Shares at the Sponsor's election on a one-for-one basis and (ii) automatically convertible into Class A Ordinary Shares at the time of the closing of NFYS's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.