Glenfarne Sponsor, LLC 3
3 · Glenfarne Merger Corp. · Filed Mar 18, 2021
Insider Transaction Report
Form 3
Glenfarne Sponsor, LLC
10% Owner
Holdings
Class B common stock
→ Class A common stock (7,101,250 underlying)
Footnotes (3)
- [F1]The shares of Class B common stock will automatically convert into shares of Class A common stock on the first business day following the consummation of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-253206) and have no expiration date.
- [F2]Includes up to 937,500 shares subject to forfeiture by Glenfarne Sponsor, LLC (the "Sponsor") depending on the extent to which the underwriters' over-allotment option to purchase additional units is exercised.
- [F3]The shares are held in the name of the Sponsor. The Sponsor is controlled by Mr. Brendan Duval. Accordingly, Mr. Duval shares voting and dispositive power over the securities held by the Sponsor and may be deemed to beneficially own these securities. Mr. Duval disclaims beneficial ownership of the shares held by the Sponsor except to the extent of his pecuniary interest therein. Certain of the Issuer's other directors and officers hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Duval and such other directors and officers disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.