Tsang Claudius 4
4 · ASPAC III Acquisition Corp. · Filed Nov 21, 2024
Insider Transaction Report
Form 4
Tsang Claudius
DirectorCEO and CFO10% Owner
Transactions
- Purchase
Class A Ordinary Share, no par value
2024-11-19+5,000→ 285,000 total(indirect: See footnoteone) - Other
Class B Ordinary Shares
2024-11-19−81,250→ 1,500,000 total(indirect: See footnotethree)→ Class A Ordinary Share, no par value (81,250 underlying) - Purchase
Rights to receive Class A Ordinary Shares
2024-11-19+5,000→ 285,000 total(indirect: See footnoteone)→ Class A Ordinary Share, no par value (500 underlying)
Footnotes (3)
- [F1]Reflects the 5,000 private units obtained by A SPAC III (Holdings) Corp., the Issuer's sponsor. The private units consist of Class A ordinary shares and rights. The private units were purchased at $10 per unit for an aggregate purchase price of $50,000. Mr. Claudius Tsang is the director of A SPAC III (Holdings) Corp. Mr. Tsang has voting and dispositive power over the shares held of record by A SPAC III (Holdings) Corp.
- [F2]The rights convert automatically into Class A ordinary shares at the completion of the Issuer's initial business combination.
- [F3]On November 19, 2024, A SPAC III (Holdings) Corp. forfeited for no consideration an aggregate of 81,250 shares of Class B ordinary shares, which were subsequently cancelled by A SPAC III Acquisition Corp. The Issuer's Class B ordinary shares are convertible into the Issuer's Class A ordinary shares on a one-for-one basis at A SPAC III (Holdings) Corp.'s election and has no expiration date.