Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | INAQ | Class B common stock, $0.0001 par value per share | Sep 1, 2021 | Class A common stock, $0.0001 par value per share | 6.9M | See footnote | F1, F2 |
Id | Content |
---|---|
F1 | The shares of Class B common stock are convertible for shares of the Issuer's Class A common stock as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1(File No. 333-258727) (the "Registration Statement") and have no expiration date. The shares of Class B common stock beneficially owned by the Reporting Persons include up to 900,000 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement. |
F2 | The shares are held directly by the issuer's sponsor, Insight Acquisition Sponsor LLC (the "Sponsor"). The managing members of the Sponsor are Jeff Gary and Michael Singer. Each of Mssrs. Gary and Singer have joint voting and dispositive power over the shares held by the sponsor and disclaim beneficial ownership over any securities owned by the sponsor in which they do not have any pecuniary interest. |
Exhibit 24 - Power of Attorney