HC PropTech Partners III LLC 4
4 · two · Filed Mar 29, 2024
Insider Transaction Report
Form 4
twoTWOA
HC PropTech Partners III LLC
10% Owner
Transactions
- Exercise/Conversion
Class A Ordinary Shares
2024-03-27+2,130,693→ 2,130,693 total - Other
Class B Ordinary Shares
2024-03-27−1,071,918→ 2,130,693 total→ Class A Ordinary Shares (1,071,918 underlying) - Exercise/Conversion
Class B Ordinary Shares
2024-03-27−2,130,693→ 0 total→ Class A Ordinary Shares (2,130,693 underlying) - Other
Class A Ordinary Shares
2024-03-27−2,130,693→ 0 total
Footnotes (4)
- [F1]On March 27, 2024 (the "Closing Date"), Logistic Properties of the Americas, a Cayman Islands exempted company ("LGA"), two, a Cayman Islands exempted company ("TWOA"), LatAm Logistic Properties, S.A., a company incorporated under the laws of Panama ("LLP"), consummated their previously announced business combination (the "Business Combination") pursuant to the Business Combination Agreement, dated as of August 15, 2023 (the "Business Combination Agreement"), by and among LGA, TWOA, LLP and the other parties thereto. On the Closing Date, pursuant to the terms of the Business Combination Agreement, each outstanding Class B ordinary share of TWOA converted into a Class A ordinary share of TWOA at a conversion ratio of one Class B ordinary share for one Class A ordinary share.
- [F2]In connection with the consummation of the Business Combination, 1,071,918 of the Class B ordinary shares of TWOA were forfeited by the reporting person to LGA for no consideration.
- [F3]Pursuant to the terms of the Business Combination Agreement, on the Closing Date, each outstanding Class A ordinary share of TWOA following the conversion described in footnote 1 above was exchanged for one newly issued ordinary share of LGA.
- [F4]These shares are held by HC Proptech Partners III LLC (the "Sponsor"). HC PropTech III LLC is the managing member of the Sponsor and each of Thomas D. Hennessy and Daniel J. Hennessy are the managing members of HC PropTech III LLC.