Ortiz Guillermo 4
4 · DD3 Acquisition Corp., S.A. de C.V. · Filed Mar 16, 2020
Insider Transaction Report
Form 4
Ortiz Guillermo
Director
Transactions
- Disposition to Issuer
Ordinary Shares
2020-03-13−317,075→ 0 total - Disposition to Issuer
Warrant
2020-03-13−47,825→ 0 totalExercise: $11.50From: 2020-04-12Exp: 2025-03-13→ Ordinary Shares (47,825 underlying)
Footnotes (2)
- [F1]Disposed of in exchange for ordinary shares, no par value per share ("Ordinary Shares"), of Betterware de Mexico, S.A. de C.V. ("Betterware"), on a one-for-one basis in connection with the consummation on March 13, 2020 of the business combination (the "Business Combination") of the Issuer and Betterware, pursuant to that certain Combination and Stock Purchase Agreement, dated as of August 2, 2019, as amended (the "Business Combination Agreement"), by and among the Issuer, Betterware, Campalier, S.A. de C.V., Promotora Forteza, S.A. de C.V., Strevo, S.A. de C.V., BLSM Latino America Servicios, S.A. de C.V., and, solely for the purposes set forth in Article XI of the Business Combination Agreement, DD3 Mex Acquisition Corp, S.A. de C.V. (the "Sponsor"), which, among other things, provided for the merger of the Issuer with and into Betterware (the "Merger") with Betterware surviving the Merger.
- [F2]The warrants to acquire ordinary shares of the Issuer were automatically converted in connection with the Business Combination into warrants to purchase Ordinary Shares. Each warrant is exercisable for one Ordinary Share at an exercise price of $11.50 per share.