4/A//SEC Filing
CardConnect Corp. 4/A
Accession 0001213900-17-007374
CIK 0001614818operating
Filed
Jul 9, 8:00 PM ET
Accepted
Jul 10, 8:40 PM ET
Size
8.8 KB
Accession
0001213900-17-007374
Insider Transaction Report
Form 4/AAmended
COHEN BETSY Z
Director
Transactions
- Disposition to Issuer
Common Stock
2017-07-06−563,860→ 0 total - Disposition from Tender
Common Stock
2017-07-06−262,036→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 26, 2017, by and among CardConnect Corp. (the "Company"), First Data Corporation, a Delaware corporation ("First Data"), and Minglewood Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of First Data ("Merger Sub"), in exchange for cash consideration of $15.00 per share, without interest and subject to any required tax withholding. Pursuant to the Merger Agreement, Purchaser offered to purchase all of the outstanding shares of common stock, par value $0.001 per share of the Company (the "Shares"), at a price of $15.00 per share (the "Offer Price"), net to the seller in cash without interest and subject to any required tax withholding, upon the terms and conditions set forth in the offer to purchase dated June 7, 2017, and in the related letter of transmittal (the "Offer").
- [F2]After the acceptance of the Shares by Merger Sub on July 6, 2017, all outstanding Shares not accepted in the Offer were converted into the right to an amount equal to the Offer Price, net to the seller in cash without interest and subject to any required tax withholding, other than (i) Shares owned by Merger Sub or First Data or held in the Company's treasury, (ii) Shares owned by any direct or indirect wholly-owned subsidiary of First Data (other than Merger Sub) or the Company immediately prior to the Effective Time, or (iii) Shares held by any stockholder that is entitled to demand and properly demands appraisal of such Shares pursuant to, and who complies in all respects with, Section 262 of the DGCL and who, as of the Effective Time, has neither effectively withdrawn nor lost its rights to such appraisal and payment under the DGCL with respect to such Shares) will at the Effective Time be converted into the right to receive an amount equal to the Offer Price.
Documents
Issuer
CardConnect Corp.
CIK 0001614818
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001614818
Filing Metadata
- Form type
- 4/A
- Filed
- Jul 9, 8:00 PM ET
- Accepted
- Jul 10, 8:40 PM ET
- Size
- 8.8 KB