Cascadia Acquisition Sponsor LLC 3
3 · Cascadia Acquisition Corp. · Filed Aug 25, 2021
Insider Transaction Report
Form 3
Cascadia Acquisition Sponsor LLC
10% Owner
Holdings
Class B Common Stock
→ Class A Common Stock (4,312,500 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-258515) (the "Registration Statement") under the heading "Description of Securities-Founders Shares," the shares of Class B common stock, par value $0.0001 per share, of the issuer will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the issuer upon the consummation of the issuer's initial business combination on a one-for-one basis, subject to certain adjustment, and have no expiration date.
- [F2]These shares represent Class B common stock held by Cascadia Acquisition Sponsor LLC (the "Sponsor") and include up to 562,500 shares of Class B common stock that are subject to forfeiture depending on the extent to which the underwriters of the issuer's initial public offering exercise their over-allotment as described in the Registration Statement.
- [F3]The Sponsor is managed by its managers, Michael Butler, Chairman of the Board of the issuer, and Jamie Boyd, Chief Executive Officer of the issuer. Each of Mr. Butler and Mr. Boyd has voting and investment discretion with respect to the common stock held by the Sponsor. As such, each of Mr. Butler and Mr. Boyd may be deemed to share beneficial ownership of the shares of Class B common stock held by the Sponsor. Each of Mr. Butler and Mr. Boyd disclaims any beneficial ownership of any shares held by the Sponsor except to the extent of his ultimate pecuniary interest.