4//SEC Filing
Authentic Equity Sponsor LLC 4
Accession 0001213900-23-005748
CIK 0001827392other
Filed
Jan 26, 7:00 PM ET
Accepted
Jan 27, 6:30 PM ET
Size
7.0 KB
Accession
0001213900-23-005748
Insider Transaction Report
Form 4
Authentic Equity Sponsor LLC
10% Owner
Transactions
- Other
Class B Ordinary Shares
2023-01-25−6,924,999→ 1 total→ Class A Ordinary Shares (6,924,999 underlying)
Footnotes (2)
- [F1]On January 6, 2023, the Issuer announced that it will not consummate an initial business combination within the time period required. Pursuant to the Issuer's Amended and Restated Memorandum and Articles of Association (the "Articles") and in connection with the winding up of the Issuer, the Class B ordinary shares, par value $0.0001, held by the reporting person (the "Sponsor" or the "Reporting Person") were surrendered for no compensation on January 25, 2023.
- [F2]This Form 4 is being filed in part by the Sponsor. There are three managers of the Sponsor's board of managers. Each manager has one vote, and the approval of a majority is required to approve an action of the Sponsor. Under the so-called "rule of three", if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the Sponsor. Based upon the foregoing analysis, no individual manager of the Sponsor exercises voting or dispositive control over any of the securities held by the Sponsor, even those in which he directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares.
Documents
Issuer
Authentic Equity Acquisition Corp.
CIK 0001827392
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001827393
Filing Metadata
- Form type
- 4
- Filed
- Jan 26, 7:00 PM ET
- Accepted
- Jan 27, 6:30 PM ET
- Size
- 7.0 KB