3//SEC Filing
Insurance Acquisition Sponsor, LLC 3
Accession 0001213900-19-004493
CIK 0001762322other
Filed
Mar 18, 8:00 PM ET
Accepted
Mar 19, 8:51 PM ET
Size
7.3 KB
Accession
0001213900-19-004493
Insider Transaction Report
Form 3
Insurance Acquisition Sponsor, LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (1,875,000 underlying)Warrants
Exercise: $11.50→ Class A Common Stock (187,500 underlying)- 375,000
Class A Common Stock
Footnotes (6)
- [F1]These shares underlie 375,000 units of the issuer that the reporting person has irrevocably committed to purchase.
- [F2]The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents and have no expiration date.
- [F3]These shares represent Class B common stock held by the reporting person acquired pursuant to a subscription agreement by and between the reporting person and the issuer.
- [F4]The warrants will become exercisable at the later of 30 days after the consummation of the issuer's initial business combination or 12 months from the completion of the issuer's initial public offering.
- [F5]The warrants will expire five years after the consummation of the issuer's initial business combination or earlier upon redemption of all of the issuer's outstanding common stock or the issuer's liquidation.
- [F6]These warrants underlie 375,000 units of the issuer that the reporting person has irrevocably committed to purchase.
Documents
Issuer
Insurance Acquisition Corp.
CIK 0001762322
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001762321
Filing Metadata
- Form type
- 3
- Filed
- Mar 18, 8:00 PM ET
- Accepted
- Mar 19, 8:51 PM ET
- Size
- 7.3 KB