4/A//SEC Filing
Tough John J. 4/A
Accession 0001209191-21-060987
CIK 0001819584other
Filed
Oct 18, 8:00 PM ET
Accepted
Oct 19, 6:17 PM ET
Size
14.5 KB
Accession
0001209191-21-060987
Insider Transaction Report
Form 4/AAmended
Volta Inc.VLTA
Tough John J.
Director
Transactions
- Award
Warrant
2021-08-26+663,394→ 663,394 total(indirect: By By Energize Ventures Fund LP)Exercise: $11.50From: 2021-09-25Exp: 2026-08-26→ Class A Common Stock (663,394 underlying) - Award
Class A Common Stock
2021-08-26+1,644,107→ 1,644,107 total(indirect: By Energize Growth Fund I LP) - Award
Class A Common Stock
2021-08-26+1,848,507→ 1,848,507 total(indirect: By LLC) - Award
Class A Common Stock
2021-08-26+8,414,566→ 8,414,566 total(indirect: By Energize Ventures Fund LP)
Footnotes (7)
- [F1]On August 26, 2021, pursuant to that certain Business Combination Agreement and Plan of Reorganization, dated as of February 7, 2021 (the " Business Combination Agreement"), by and among Tortoise Acquisition Corp. II (the "Issuer"), Volta Industries, Inc., a Delaware corporation ("Legacy Volta") and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Volta Industries, Inc. In connection with the Business Combination and in accordance with the Business Combination Agreement, 1,354,847 shares of Class B Common Stock of Legacy Volta held by Energize Growth Fund I LP ("EGF") were converted into 1,644,107 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]Energize Growth I GP LLC ("Growth GP") is the general partner of EGF. The Reporting Person is the Managing Partner of Growth GP and has sole voting and investment power over the shares held by EGF. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.
- [F3]In connection with the Business Combination and in accordance with the Business Combination Agreement, 6,934,129 shares of Class B Common Stock of Legacy Volta held by Energize Ventures Fund LP ("EVF") were converted into 8,414,566 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act.
- [F4]The Reporting Person is the Managing Partner of EVF and has sole voting and investment power over the shares held by EVF. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.
- [F5]In connection with the Business Combination and in accordance with the Business Combination Agreement, 1,523,285 shares of Class B Common Stock of Legacy Volta held by EV Volta SPV LLC ("Volta SPV") were converted into 1,848,507 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act.
- [F6]Energize Ventures GP LLC ("Ventures GP") is the manager of Volta SPV. The Reporting Person is the Managing Partner of Ventures GP and has sole voting and investment power over the shares held by Volta SPV. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.
- [F7]In connection with the Business Combination and in accordance with the Business Combination Agreement, (i) a warrant to purchase 165,000 shares of Class A Common Stock of Legacy Volta and (ii) a warrant to purchase 381,679 shares Class B Common Stock of Legacy Volta held by EVF were converted into a warrant to purchase 663,394 shares of Class A Common Stock of the Issuer. The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act.
Documents
Issuer
Volta Inc.
CIK 0001819584
Entity typeother
Related Parties
1- filerCIK 0001879633
Filing Metadata
- Form type
- 4/A
- Filed
- Oct 18, 8:00 PM ET
- Accepted
- Oct 19, 6:17 PM ET
- Size
- 14.5 KB