Empower Sponsor Holdings LLC 3
3 · Empower Ltd. · Filed Oct 6, 2020
Insider Transaction Report
Form 3
Empower Ltd.EMPW
Empower Sponsor Holdings LLC
10% Owner
Holdings
Class B ordinary shares
→ Class A ordinary shares (7,187,500 underlying)
Footnotes (2)
- [F1]As described in the registration statement on Form S-1 (File No. 333-248899) filed by the issuer of the Class B ordinary shares, under the heading "Description of Securities," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination or earlier at the option of the holders thereof, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date.
- [F2]Empower Sponsor Holdings LLC is the record holder of the shares reported. The managing member of the Empower Sponsor Holdings LLC is MidOcean Associates V, L.P. The general partner of MidOcean Associates V, L.P. is Ultramar Capital, Ltd., which is controlled by James Edward Virtue. Each of MidOcean Associates V, L.P., Ultramar Capital, Ltd. and Mr. Virtue disclaim beneficial ownership of the shares held of record by any other person except to the extent of their respective pecuniary interests therein.