Bison Capital Acquisition Corp. 4
4 · Bison Capital Acquisition Corp. · Filed Jun 28, 2017
Insider Transaction Report
Form 4
Jiang Fengyun
10% Owner
Transactions
- Purchase
Ordinary share, no par value
2017-06-28+39,375→ 1,519,600 total(indirect: (3) See Footnote) - Purchase
Rights
2017-06-28+39,375→ 401,875 total(indirect: (3) See Footnote)Exercise: $0.00→ Ordinary share (3,937 underlying) - Purchase
Warrants
2017-06-28+19,688→ 200,938 total(indirect: (3) See Footnote)Exercise: $11.50→ Ordinary share (19,688 underlying)
Footnotes (3)
- [F1]In connection with the exercise of the over-allotment option in full on June 28, 2017, Bison Capital Holding Company Limited, a Cayman Islands company ("Bison Capital"), purchased 39,375 units of Bison Capital Acquisition Corp., a British Islands company (the "Company"), at a price of $10.00 per unit, pursuant to certain amended and restated unit subscription agreement dated June 19, 2017 between the Company and Bison Capital (the "Unit Subscription Agreement").
- [F2]Pursuant to the Unit Subscription Agreement, each unit consists of one share, one right and one-half of one warrant. Each right entitles the holder to receive one-tenth of one share upon consummation of the Company's initial business combination, expiring at the 5th anniversary of the business combination. Each whole warrant entitles the holder to one Ordinary Share exercisable at $11.50 per share, expiring at the 5th anniversary of the business combination.
- [F3]Mrs. Fengyun Jiang, holds 80% ownership of Bison Capital and her spouse, Mr. Peixin Xu holds 20% ownership of Bison Capital. With Mr. Xu, Mrs. Jiang jointly and indirectly control 1,519,600 ordinary shares of the Company through his joint and direct ownership of Bison Capital.