COVA Acquisition Sponsor LLC 4
4 · COVA Acquisition Corp. · Filed Feb 16, 2021
Insider Transaction Report
Form 4
COVA Acquisition Sponsor LLC
10% Owner
Transactions
- Other
Class B Ordinary Shares
2021-02-11−3,750→ 7,500,000 total(indirect: See footnote)→ Class A Ordinary Shares (3,750 underlying)
Footnotes (3)
- [F1]The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination or earlier at the option of the holders thereof as described in the Issuer's Amended and Restated Memorandum and Articles of Association.
- [F2]On February 11, 2021, COVA Acquisition Sponsor LLC ("COVA Sponsor") forfeited, for no consideration, 3,750 Class B Shares in connection with an election by the underwriter of the Issuer's initial public offering of units to exercise, in part, an option granted to such underwriter to cover over-allotments.
- [F3]The Class B Ordinary Shares reported as beneficially owned are held of record by COVA Sponsor. Jun Hong Heng is the managing member of CC Acquisition Sponsor Manager, LLC, the manager of COVA Sponsor and as such, has sole voting and investment power over the Class B shares held by COVA Sponsor.