4//SEC Filing
AJJARAPU SURENDRA K 4
Accession 0001474506-23-000291
CIK 0001860871other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 3:55 PM ET
Size
15.2 KB
Accession
0001474506-23-000291
Insider Transaction Report
Form 4
AJJARAPU SURENDRA K
DirectorCEO and Chairman
Transactions
- Award
Warrants
2023-06-07+500,000→ 500,000 total(indirect: By LLC)Exercise: $11.50→ Class A ordinary shares, par value $0.0001 per share (500,000 underlying) - Award
Class A ordinary shares, par value $0.0001 per share
2023-06-07+1,000,000→ 1,000,000 total(indirect: By LLC) - Award
Class B ordinary shares, par value $0.0001 per share
2023-06-07+7,988,889→ 7,988,889 total(indirect: By LLC)→ Class A ordinary shares, par value $0.0001 per share (7,988,889 underlying)
Footnotes (7)
- [F1]The Class A Ordinary shares are underlying the units (the "Private Placement Units"). As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.
- [F2]SSVK Associates, LLC the sponsor of the Issuer (the "Sponsor"), purchased all its interests in the Issuer, including certain other rights and obligations in accordance with a purchase agreement, dated as of May 4, 2023, entered into by and among, Reporting Person, the Issuer and other certain securityholders for an aggregate purchase price of $1 (one dollar) due on the date on which a business combination is completed.
- [F3]The securities are held directly by the Sponsor. Surendra Ajjarapu, the Issuer's Chairman and Chief Executive Officer is the manager of the Sponsor. Mr. Ajjarapu may be deemed to beneficially own the securities held by the Sponsor by virtue of his control over the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his respective pecuniary interest.
- [F4]As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities-Founder Shares", the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
- [F5]The Warrants are underlying the Private Placement Units. As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.
- [F6]The Warrants will become exercisable upon the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination.
- [F7]The Warrants will expire five years after the completion of the Issuer's business combination or earlier upon redemption or liquidation.
Issuer
Semper Paratus Acquisition Corp
CIK 0001860871
Entity typeother
Related Parties
1- filerCIK 0001368298
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 3:55 PM ET
- Size
- 15.2 KB