World Quantum Growth Acquisition LLC - Feb 13, 2023 Form 4 Insider Report for World Quantum Growth Acquisition Corp. (WQGA)

Signature
World Quantum Growth Acquisition LLC By: /s/ Xavier Rolet Name: Xavier Rolet Title: Member
Stock symbol
WQGA
Transactions as of
Feb 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 03:53 PM
Previous filing
Sep 24, 2021

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 WQGA Class B ordinary share Disposed to Issuer $0 -5.02M -100% $0.00 1 Feb 21, 2023 Class A ordinary share 5.02M Direct F1, F2
transaction WQGA Class B ordinary share Disposed to Issuer $0 -75K -100% $0.00* 0 Feb 13, 2023 Class A ordinary share 75K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

World Quantum Growth Acquisition LLC 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. 333-255890) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares ("Class B Shares"), par value $0.0001 per share, will automatically convert into Class A ordinary shares ("Class A 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 share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 In connection with the liquidation and dissolution of the Issuer, World Quantum Growth Acquisition LLC ("Sponsor") surrendered to the Issuer, for no consideration, 5,023,749 Class B Shares directly held by Sponsor. Xavier Rolet is the chief executive officer of Sponsor, and had sole voting and dispositive power over the securities of the Issuer surrendered by Sponsor, and therefore may have been deemed to have had beneficial ownership of the securities of the Issuer held directly by Sponsor. Mr. Rolet disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3 In connection with the liquidation and dissolution of the Issuer, each of Emer Timmons, Peter Lenardos and Sharda Cherwoo surrendered to the Issuer, for no consideration, 25,000 Class B Shares directly held by such reporting persons.

Remarks:

This "Exit" Form 4 is filed to report that, following the Issuer's dissolution on February 24, 2023, each of the Reporting Persons is no longer subject to Section 16 reporting.