3//SEC Filing
LMFAO Sponsor, LLC 3
Accession 0001567619-21-001541
CIK 0001831868other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 5:59 PM ET
Size
6.2 KB
Accession
0001567619-21-001541
Insider Transaction Report
Form 3
LMFAO Sponsor, LLC
10% Owner
Holdings
Class B common stock, par value $0.0001 per share
→ Class A common stock, par value $0.0001 per share (2,587,500 underlying)
Footnotes (3)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-251962) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]Includes up to 337,500 shares of Class B common stock that are subject to forfeiture if the underwriters in the Issuer's initial public offering do not exercise their over-allotment option in full or in part.
- [F3]All of the reported shares are held directly by LMFAO Sponsor, LLC ("Sponsor"). LM Funding America, Inc. is the sole manager of Sponsor and owns a majority of the membership interests in Sponsor, and therefore the Board of Directors of LM Funding America, Inc. has sole voting and dispositive control over the shares held by Sponsor. Under the so-called "rule of three", if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. Under this rule, no individual manager or member of Sponsor exercises voting or dispositive control over any of the securities held by Sponsor, even those in which he or she directly holds a pecuniary interest. Accordingly, none of them is deemed to have or share beneficial ownership of such securities.
Documents
Issuer
LMF Acquisition Opportunities Inc
CIK 0001831868
Entity typeother
IncorporatedFL
Related Parties
1- filerCIK 0001842514
Filing Metadata
- Form type
- 3
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 5:59 PM ET
- Size
- 6.2 KB