4//SEC Filing
Greenrose Associates LLC 4
Accession 0001213900-20-008022
CIK 0001790665other
Filed
Mar 29, 8:00 PM ET
Accepted
Mar 30, 4:46 PM ET
Size
7.0 KB
Accession
0001213900-20-008022
Insider Transaction Report
Form 4
Greenrose Associates LLC
10% Owner
Transactions
- Purchase
$1,000,000 Promissory Note
2020-03-26→ Units and/or Warrants
Footnotes (2)
- [F1]In connection with a $1,000,000 loan, on March 26, 2020, Greenrose Acquisition Corp. (the "Company") issued the reporting person a promissory note in the principal amount of $1,000,000 (the "Note"). The Note does not bear interest, may be repaid at any time and is due upon the Company completing its initial business combination. The Note allows the reporting person, at its sole option, to convert any of the principal amount due under the Note into the Company's units (the "Units") at a conversion price of $10.00 per Unit and/or warrants (the "Warrants") at a conversion price of $1.00 per Warrant. Each Unit consist of one share of the Company's common stock and a Warrant to purchase one share of the Company's common stock. The Warrants are exercisable at a price of $11.50 per share of common stock for a period of five years after the Company completes its initial business combination and may be exercised on a cashless basis.
- [F2]As of the date of this report, the reporting person owns 4,532,500 shares of the Company's common stock and Warrants to purchase 1,320,000 shares of the Company's common stock, not including the Units and Warrants into which the Note is exercisable. As of the date of this report the reporting person has not informed the Company of its intention to convert any portion of the Note into Units or Warrants.
Documents
Issuer
Greenrose Acquisition Corp.
CIK 0001790665
Entity typeother
IncorporatedNY
Related Parties
1- filerCIK 0001784660
Filing Metadata
- Form type
- 4
- Filed
- Mar 29, 8:00 PM ET
- Accepted
- Mar 30, 4:46 PM ET
- Size
- 7.0 KB