Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BSKY | Class B Common Stock | Disposed to Issuer | -1.13M | -13.27% | 7.35M | Jul 16, 2021 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | As described in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-253569) (the "Registration Statement"), under the heading "Description of Securities," the Class B common stock will automatically convert into Class A common stock of the Issuer at the time of the Issuer's initial business combination and have no expiration date. |
F2 | The forfeiture of Class B common stock for no consideration is a result of the underwriters not exercising the over-allotment option in full. |
F3 | The number of shares being reported represents the current ownership of the reporting person and reflects the forfeiture of 1,125,000 shares of Class B common stock that was previously reported on the original Form 3. The forfeiture of the 1,125,000 Class B common stock occurred when the underwriters of the units offered in the Company's initial public offering did not exercise the over-allotment in full. |