Greenrose Associates LLC 4
4 · Greenrose Acquisition Corp. · Filed Feb 1, 2021
Insider Transaction Report
Form 4
Greenrose Associates LLC
10% Owner
Transactions
- Purchase
$1,000,000 Promissory Note
2021-01-29→ Units and/or Warrants
Footnotes (2)
- [F1]In connection with a $1,000,000 loan, on January 29, 2021, 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 consists 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, or the note issued by the Company to the reporting person on March 25, 2020 in the principal amount of $1,000,000, which allows the reporting person, at its sole option, to convert any of the principal amount due under the Note into the Company's Units at a conversion price of $10.00 per Unit and/or Warrants on the same terms as the Note (the "3/20 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 or the 3/20 Note into Units or Warrants.