American Physicians LLC 3
3 · Edoc Acquisition Corp. · Filed Nov 9, 2020
Insider Transaction Report
Form 3
American Physicians LLC
10% Owner
Holdings
Class B Ordinary Shares
→ Class A Ordinary Shares (2,587,500 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-248819) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares, par value $0.0001 per share, will automatically be converted into shares of Class A ordinary shares, par value $0.0001 per share, at the time of the issuer'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 Class B ordinary shares held by American Physicians LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor includes up to 337,500 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option as described in the issuer's Registration Statement.
- [F3]Xingpao Becky Zhang is the sole member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, Ms. Zhang may be deemed to beneficially own of the shares of Class B ordinary shares held directly by the Sponsor.