Softbank Group Corp. - Apr 1, 2023 Form 3 Insider Report for Valor Latitude Acquisition Corp. (VLAT)

Role
10%+ Owner
Signature
SoftBank Group Corp., By: /s/ Yuko Yamamoto, Head of Corporate Legal Department
Stock symbol
VLAT
Transactions as of
Apr 1, 2023
Transactions value $
$0
Form type
3
Date filed
4/11/2023, 09:00 PM
Previous filing
Mar 24, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VLAT Class A Ordinary Shares 3M Apr 1, 2023 By Phoenix SPAC Holdco LLC F1

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
holding VLAT Class B Ordinary Shares Apr 1, 2023 Class A Ordinary Shares 727K By Phoenix SPAC Holdco LLC F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 SoftBank Group Corp., which is a publicly traded company listed on the Tokyo Stock Exchange, is the sole shareholder of SB Global Advisers Limited, which has been appointed as manager and is exclusively responsible for making final decisions related to the acquisition, structuring, financing and disposal of SBLA Latin America Fund LLC's investments, including as held by Phoenix SPAC Holdco LLC. SBLA Latin America Fund LLC is the managing member of SBLA Investments II LLC, which is the managing member of SLA Investments IV LLC, which is the general partner of SBLA Holdings (Cayman) L.P., which is the managing member of Phoenix SPAC Holdco LLC. As a result of these relationships, each of the foregoing entities may be deemed to share beneficial ownership of the securities reported herein.
F2 The Class B ordinary shares (the "Class B Shares") will automatically convert into Class A Ordinary Shares of the Issuer at a ratio of no less than one-to-one on the first business day following the consummation of the Issuer's initial business combination, with the actual conversion rate as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-254159) filed with the Securities and Exchange Commission on April 19, 2021. The Class B Shares have no expiration date.

Remarks:

Following the filing of this Form 3, SoftBank Group Corp., SB Global Advisers Limited, SBLA Latin America Fund LLC, SBLA Investments II LLC, SLA Investments IV LLC and SBLA Holdings (Cayman) L.P. will file Section 16 reports jointly with Phoenix SPAC Holdco LLC.