Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | GGGV | Class B Common Stock, par value $0.0001 per share | Jun 30, 2021 | Class A Common Stock, par value $0.0001 per share | 20K | Direct | F1, F2 |
Id | Content |
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F1 | As described in the Issuer's registration statement on Form S-1 (File No. 333-255226) under the heading "Description of Securities--Founder Shares and Private Placement 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 | These shares will be forfeited if Mr. Sullivan does not remain on the Board of Directors through the date of the Company's initial business combination. |