4//SEC Filing
Mercury Sponsor Group I LLC 4
Accession 0001753926-23-001295
CIK 0001849902other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 4:25 PM ET
Size
8.9 KB
Accession
0001753926-23-001295
Insider Transaction Report
Form 4
Mercury Sponsor Group I LLC
10% Owner
Transactions
- Conversion
Class B common stock
2023-10-02−2,415,375→ 1,050,000 total(indirect: See Footnote)→ Class A common stock (2,415,375 underlying) - Conversion
Class A common stock
2023-10-02+2,415,375→ 2,415,375 total(indirect: See Footnote)
Footnotes (3)
- [F1]The shares of Class B common stock were converted into shares of Class A common stock on a one-for-one basis pursuant to the Issuer's Amended and Restated Certificate of Incorporation (as amended), in effect on the date of conversion.
- [F2]Represents shares held by Mercury Sponsor Group I LLC. Each of M. Blair Garrou and R. Andrew White are the managers of Mercury Sponsor Group I LLC. Affiliates of M. Blair Garrou and R. Andrew White each own 50% of the economic interest of Mercury Sponsor Group I LLC. As such, each of M. Blair Garrou and R. Andrew White may be deemed to have beneficial ownership of the Class A common stock and Class B common stock held directly by Mercury Sponsor Group I LLC. Each of M. Blair Garrou and R. Andrew White disclaim beneficial ownership over any securities owned by Mercury Sponsor Group I LLC in which he does not have any pecuniary interest.
- [F3]On October 3, 2023, the Issuer amended its Amended and Restated Certificate of Incorporation (as amended) to adjust the conversion ratio so that shares of Class B common stock are convertible into shares of Class A common stock on a 1:0.277 basis. Shares of Class B common stock are convertible into shares of Class A common stock (A) at any time and from time to time at the option of the holder thereof and (B) automatically on the closing of the Issuer's initial business combination. The Class B common stock has no expiration date.
Documents
Issuer
SEP Acquisition Corp.
CIK 0001849902
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001858272
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 4:25 PM ET
- Size
- 8.9 KB