4//SEC Filing
Ader Jason 4
Accession 0001213900-22-010204
CIK 0001822912other
Filed
Feb 28, 7:00 PM ET
Accepted
Mar 1, 9:00 PM ET
Size
13.4 KB
Accession
0001213900-22-010204
Insider Transaction Report
Form 4
Ader Jason
DirectorChief Executive Officer10% Owner
Transactions
- Purchase
Warrants
2022-02-28$0.49/sh+238,794$117,009→ 944,874 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (238,794 underlying) - Purchase
Warrants
2022-02-25$0.48/sh+706,080$338,918→ 706,080 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (706,080 underlying) - Purchase
Warrants
2022-03-01$0.49/sh+555,126$272,012→ 1,500,000 total(indirect: See footnote)Exercise: $11.50→ Class A Common Stock (555,126 underlying)
Footnotes (7)
- [F1]These are warrants included in the units sold in the Issuer's initial public offering.
- [F2]Each whole warrant is exercisable to purchase one share of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock") at an exercise price of $11.50 during the period commencing on the later of (i) twelve months from the date of the closing of the Issuer's initial public offering or (ii) 30 days following the consummation of the Issuer's initial business combination (the "Business Combination"), and expiring on the fifth anniversary of the consummation of the Business Combination or earlier upon redemption or liquidation.
- [F3]Represents the weighted average purchase price of the warrants on such date. The warrants were acquired in multiple transactions at prices ranging from $0.38 per warrant to $0.50 per warrant. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of warrants acquired at each separate price within the ranges set forth in this footnote.
- [F4]This amount does not include the 7,500,000 private warrants beneficially owned by the reporting person.
- [F5]SpringOwl Special Opportunities Fund, LP ("SpringOwl") is the record holder of the securities reported herein. Jason Ader is both the General Partner and a Limited Partner of SpringOwl. Mr. Ader has voting and investment discretion with respect to the securities held of record by SpringOwl and as such, may be deemed to have beneficial ownership of such securities. Mr. Ader disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- [F6]Represents the weighted average purchase price of the warrants on such date. The warrants were acquired in multiple transactions at prices ranging from $0.46 per warrant to $0.50 per warrant. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of warrants acquired at each separate price within the ranges set forth in this footnote.
- [F7]Represents the weighted average purchase price of the warrants on such date. The warrants were acquired in multiple transactions at prices ranging from $0.50 per warrant to $0.52 per warrant. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of warrants acquired at each separate price within the ranges set forth in this footnote.
Documents
Issuer
26 Capital Acquisition Corp.
CIK 0001822912
Entity typeother
Related Parties
1- filerCIK 0001327998
Filing Metadata
- Form type
- 4
- Filed
- Feb 28, 7:00 PM ET
- Accepted
- Mar 1, 9:00 PM ET
- Size
- 13.4 KB