3//SEC Filing
Aspire Acquistion LLC 3
Accession 0001474506-23-000199
CIK 0001846809other
Filed
Apr 24, 8:00 PM ET
Accepted
Apr 25, 1:02 PM ET
Size
6.7 KB
Accession
0001474506-23-000199
Insider Transaction Report
Form 3
Aspire Acquistion LLC
10% Owner
Holdings
Class B common stock
→ Class A common stock (2,581,500 underlying)Warrants
Exercise: $1.00→ Class A common stock (5,869,880 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-255151) under the heading "Description of Securities-Founder Shares", the Class B common stock, par value $0.0001, will automatically convert into Class A common stock, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F2]This Form 3 is being filed by Aspire Acquisition LLC, the sponsor of the issuer (the "Sponsor"). Surendra Ajjarapu, the issuer's director and Chief Executive Officer is the manager of the Sponsor. Mr. Ajjarapu may be deemed to beneficially own shares held by the Sponsor by virtue of his control over the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the Class B common stock and warrants held by the Sponsor, except to the extent of his respective pecuniary interest.
- [F3]Each warrant will become exercisable on the later of 12 months from the closing of the Issuer's initial public offering and 30 days the date of completion of the Issuer's initial business combination. Each warrant will expire five years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation.
Documents
Issuer
OceanTech Acquisitions I Corp.
CIK 0001846809
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001975019
Filing Metadata
- Form type
- 3
- Filed
- Apr 24, 8:00 PM ET
- Accepted
- Apr 25, 1:02 PM ET
- Size
- 6.7 KB