Bracebridge Capital, LLC - Dec 21, 2022 Form 3 Insider Report for Edify Acquisition Corp. (EAC)

Role: 10%+ Owner
Signature: /s/ FFI Fund Ltd., By John N. Spinney, Jr., Authorized Representative
Stock symbol: EAC
Transactions as of: Dec 21, 2022
Transactions value $: $0
Form type: 3
Date filed: 6/14/2023, 07:20 PM
Previous filing: Jun 27, 2022
Next filing: Aug 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	EAC	Common Stock						500K	Dec 21, 2022	See footnotes	F1, F2, F3

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	EAC	Redeemable Warrants							Dec 21, 2022	Class A Common Stock	250K		See footnotes	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities are included within 500,000 units issued by the Issuer on January 20, 2021 (the "Units"). Each Unit consists of one share of the Issuer's Class A common stock, $0.0001 par value (the "Common Stock"), and one-half of one redeemable warrant (the "Redeemable Warrants"). The Redeemable Warrants have an exercise price of $11.50 per share of Common Stock. The Redeemable Warrants become exercisable 30 days after the Issuer's initial business combination, provided that certain additional conditions are met. The Redeemable Warrants will expire five years after the completion of the Issuer's initial business combination.
F2	The Units are owned directly as follows: (i) 365,000 are owned directly by FFI Fund Ltd. ("FFI"), (ii) 70,000 are owned directly by FYI Ltd. ("FYI"), and (iii) 65,000 are owned directly by Olifant Fund, Ltd. (together with FFI and FYI, the "Bracebridge Funds"). Bracebridge Capital, LLC (the "Investment Manager") is the investment manager of each of the Bracebridge Funds, and has the authority to vote and dispose of all of the securities reflected herein.
F3	Each of the Bracebridge Funds and the Investment Manager disclaims beneficial ownership of the shares of Common Stock except to the extent of any pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owners of the shares of Common Stock reported herein for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.