4//SEC Filing
Schultze George J 4
Accession 0001213900-20-043553
CIK 0001754824other
Filed
Dec 17, 7:00 PM ET
Accepted
Dec 18, 4:52 PM ET
Size
8.2 KB
Accession
0001213900-20-043553
Insider Transaction Report
Form 4
Schultze George J
DirectorChairman, CEO and President10% Owner
Transactions
- Disposition to Issuer
Common Stock
2020-12-18−3,190,000→ 0 total(indirect: See footnote) - Disposition to Issuer
Private Placement Warrant
2020-12-18−4,150,000→ 0 total(indirect: See footnote)Exercise: $11.50From: 2021-01-17Exp: 2025-12-18→ Common Stock (4,150,000 underlying)
Footnotes (3)
- [F1]Disposed of in exchange for common shares ("Common Shares") of Clever Leaves Holdings Inc. ("Holdco") in connection with the consummation of the business combination (the "Business Combination") of the Issuer and Clever Leaves International Inc. ("Clever Leaves"), pursuant to that certain Amended and Restated Business Combination Agreement, dated as of November 9, 2020, by and among the Issuer, Holdco, Novel Merger Sub Inc. and Clever Leaves.
- [F2]The securities are held directly by Schultze Special Purpose Acquisition Sponsor, LLC (the "Sponsor") and indirectly by George J. Schultze, who controls both Schultze Asset Management, LP, the manager of the Sponsor, and Schultze Master Fund, Ltd, the majority owner of the Sponsor. Mr. Schultze disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F3]Disposed of in exchange for warrants to purchase Common Shares at an exercise price of $11.50 per share, in connection with the consummation of the Business Combination.
Documents
Issuer
Schultze Special Purpose Acquisition Corp.
CIK 0001754824
Entity typeother
Related Parties
1- filerCIK 0001308360
Filing Metadata
- Form type
- 4
- Filed
- Dec 17, 7:00 PM ET
- Accepted
- Dec 18, 4:52 PM ET
- Size
- 8.2 KB