Pearl Holdings Sponsor LLC 4
4 · Pearl Holdings Acquisition Corp · Filed Jan 18, 2022
Insider Transaction Report
Form 4
Pearl Holdings Sponsor LLC
10% Owner
Transactions
- Other
Class B Ordinary Shares
2022-01-13−31,250→ 5,000,000 total→ Class A Ordinary Shares (31,250 underlying)
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-261319) under the heading "Description of Securities-Founder Shares", Class B ordinary shares, par value $0.0001 ("Class B Ordinary Shares"), of the issuer will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date.
- [F2]On December 20, 2021, the underwriters partially exercised the over-allotment option and purchased an additional 2,500,000 units from the issuer and forfeited the remainder of the option. Because the underwriters did not fully exercise the over-allotment option, Pearl Holdings Sponsor LLC (the "Sponsor") forfeited 31,250 Class B Ordinary Shares for no consideration.