IG Sponsor LLC 3
3 · IG Acquisition Corp. · Filed Sep 30, 2020
Insider Transaction Report
Form 3
IG Acquisition Corp.IGACU
IG Sponsor LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (8,625,000 underlying)
Footnotes (2)
- [F1]As described in the registrant's registration statement on Form S-1 (File No. 333-248666) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the registrant's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]These shares represent the Class B common stock held by IG Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the registrant. The Class B common stock owned by the Sponsor includes up 1,125,000 shares that are subject to forfeiture in the event the underwriters of the initial public offering of the registrant's securities do not exercise in full their over-allotment option as described in the registrant's registration statement.