Water by Nordic AB 3
3 · byNordic Acquisition Corp · Filed Feb 18, 2022
Insider Transaction Report
Form 3
Water by Nordic AB
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (2,273,743 underlying)- 425,000
Class A Common Stock
Footnotes (2)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333- 248488) (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock"), will automatically be converted into shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), 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 Common Stock held by Water by Nordic AB (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B Common Stock owned by the Sponsor includes up to 368,905 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.