Tomas Ackerman - Aug 10, 2021 Form 4 Insider Report for PERIDOT ACQUISITION CORP. (PDAC)

Role
10%+ Owner
Signature
/s/ Markus Specks, as attorney-in-fact for Tomas Ackerman
Stock symbol
PDAC
Transactions as of
Aug 10, 2021
Transactions value $
$0
Form type
4
Date filed
8/12/2021, 04:52 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PDAC Class B Ordinary Shares Conversion of derivative security -7.41M -100% 0 Aug 10, 2021 Class A Ordinary Shares 7.41M Direct F1, F2, F3, F4
transaction PDAC Warrant Other -8M -100% 0 Aug 10, 2021 Class A Ordinary Shares 8M Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tomas Ackerman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-248608) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share ("Class B ordinary shares"), automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 (Continued from Footnote 1) On August 10, 2021, the issuer consummated its initial business combination (the "Business Combination") with Li-Cycle Holdings Corp., an Ontario corporation. In connection with the Business Combination, each share of Class B ordinary shares was exchanged on a one-for-one basis for Amalco Shares (as defined below).
F3 The securities reported herein are held by Peridot Acquisition Sponsor, LLC (the "Sponsor"). The reporting person controls the Sponsor, and as such has voting and investment discretion with respect to the securities held by the the Sponsor and may be deemed to have beneficial ownership of the securities held directly by the Sponsor. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.
F4 In connection with the Business Combination, the Sponsor, through a series of transactions consummated pursuant to the Business Combination, converted all of its Class B ordinary shares for 7,410,000 fully paid and non-assessable common shares of Li-Cycle Holdings Corp. ("Amalco Shares").
F5 In connection with the Business Combination, the Sponsor, through a series of transactions consummated pursuant to the Business Combination, converted all of its warrants to purchase Peridot Class A ordinary shares on a one-for-one basis for 8,000,000 warrants to purchase Amalco Shares at a price of $11.50 per share.
F6 The warrants were not exercisable until 30 days after the issuer's initial business combination and would have expired five years from the consummation of the issuer's initial business combination.