Matthews Shawn 4
4 · HCM Acquisition Corp · Filed Mar 22, 2024
Insider Transaction Report
Form 4
Matthews Shawn
DirectorChairman and CEO10% Owner
Transactions
- Other
Class A Ordinary Shares
2024-03-20−8,737,500→ 0 total(indirect: See Footnote) - Other
Class A Ordinary Shares
2024-03-20−1,250,000→ 8,737,500 total(indirect: See Footnote) - Disposition to Issuer
Private Placement Warrants
2024-03-20−10,500,000→ 0 total(indirect: See Footnote)→ Class A Ordinary Shares (10,500,000 underlying)
Footnotes (5)
- [F1]HCM Investor Holdings, LLC (the "Sponsor") delivered 1,250,000 class A ordinary shares to certain vendors of Murano Global Investments PLC ("Murano") immediately prior to the closing of the business combination pursuant to that certain Amended & Restated Business Combination, dated August 2, 2023, as amended on December 31, 2023 (the "Business Combination Agreement") in exchange for the satisfaction and cancellation of $12,500,000.00 in aggregate principal amount of amounts due from Murano pursuant to the Sponsor Support Agreement, dated August 2, 2023, by and among the Sponsor, holders of the Issuer's Class B ordinary shares, and Murano PV, S.A. de C.V, as amended on December 31, 2023 (the "Sponsor Support Agreement").
- [F2]The reporting person disposed of all Issuer equity securities effective as of the consummation of the business combination and ceased to be a reporting person with respect to the Issuer.
- [F3]Pursuant to the Business Combination Agreement, each issued and outstanding share of the Issuer's ordinary shares automatically converted into the right to receive Murano ordinary shares on a one-to-one basis upon the consummation of such business combination.
- [F4]Each Private Placement Warrant is exercisable for one Class A ordinary share at a price of $11.50 per share. If the Issuer had not completed its business combination, the Private Placement Warrants would have expired worthless.
- [F5]The Sponsor forfeited its Private Placement Warrants in connection with the closing of the business combination pursuant to the Sponsor Support Agreement.