3//SEC Filing
Accelerate Acquisition Sponsor LLC 3
Accession 0001213900-21-016172
CIK 0001838883other
Filed
Mar 16, 8:00 PM ET
Accepted
Mar 17, 6:57 PM ET
Size
6.1 KB
Accession
0001213900-21-016172
Insider Transaction Report
Form 3
Accelerate Acquisition Sponsor LLC
10% Owner
Holdings
Class B common stock
→ Class A common stock (11,350,000 underlying)
Footnotes (3)
- [F1]As described in the registration statement on Form S-1 (File No. 333-253764) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock, par value $0.0001 per share, of Accelerate Acquisition Corp. (the "Issuer") will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]The shares of Class B common stock owned by the Reporting Person include up to 1,500,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement.
- [F3]Accelerate Acquisition Sponsor LLC (the "Sponsor") is the record holder of the shares reported herein. The Sponsor is managed by a board of managers consisting of Robert Nardelli, Michael Simoff and Jeffrey Kaplan. Any action by the Sponsor with respect to the Issuer or the shares of Class B common stock, including voting and dispositive decisions, requires a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the Sponsor's managers, none of the managers of the Sponsor is deemed to be a beneficial owner of the Sponsor's securities, even those in which such manager holds a pecuniary interest.
Documents
Issuer
Accelerate Acquisition Corp.
CIK 0001838883
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001838890
Filing Metadata
- Form type
- 3
- Filed
- Mar 16, 8:00 PM ET
- Accepted
- Mar 17, 6:57 PM ET
- Size
- 6.1 KB