| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLAG | Common Stock, par value $0.0001 per share | Conversion of derivative security | +1.93M | 1.93M | Sep 12, 2023 | See Note | F1, F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FLAG | Class B Common Stock, par value $0.0001 per share | Sale | -192K | -7.45% | 2.38M | Jun 16, 2023 | Class A Common Stock, par value $0.0001 per share | 192K | See Note | F1, F3, F4 | |||
| transaction | FLAG | Class B Common Stock, par value $0.0001 per share | Sale | -99.4K | -4.17% | 2.28M | Sep 12, 2023 | Class A Common Stock, par value $0.0001 per share | 99.4K | See Note | F1, F3, F4 | |||
| transaction | FLAG | Class B Common Stock, par value $0.0001 per share | Sale | -186K | -8.16% | 2.1M | Sep 12, 2023 | Class A Common Stock, par value $0.0001 per share | 186K | See Note | F1, F3, F5 | |||
| transaction | FLAG | Class B Common Stock, par value $0.0001 per share | Other | -166K | -7.92% | 1.93M | Sep 12, 2023 | Class A Common Stock, par value $0.0001 per share | 166K | See Note | F1, F3, F6 | |||
| transaction | FLAG | Class B Common Stock, par value $0.0001 per share | Conversion of derivative security | -1.93M | -100% | 0 | Sep 12, 2023 | Class A Common Stock, par value $0.0001 per share | 1.93M | See Note | F1, F2, F3 |
First Light Acquisition Group, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | This Form 4 is being filed by First Light Acquisition Group, LLC, a Delaware limited liability company ("Sponsor"), FLAG Sponsor Manager, LLC, a Delaware limited liability company ("Manager LLC"), and William J. Weber (collectively, the "Reporting Persons"). Mr. Weber is the sole manager and member of Manager LLC, which is the manager of the Sponsor. Because of the relationships among the Reporting Persons, the Reporting Persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any. |
| F2 | In accordance with the Agreement and Plan of Merger, dated January 9, 2023 and as thereafter amended (the "Merger Agreement"), by and among First Light Acquisition Group, Inc. ("FLAG"), Calidi Biotherapeutics, Inc., a Nevada Corporation ("Old Calidi"), FLAG Merger Sub Inc., a Nevada corporation and a wholly-owned subsidiary of FLAG ("Merger Sub"), the Sponsor, in the capacity as representative for the stockholders of FLAG and Allan Camaisa, in the capacity as representative of the stockholders of Old Calidi, on September 12, 2023, in connection with the closing of the transactions contemplated by the Merger Agreement, 1,931,852 shares of Class B common stock of FLAG directly owned by the Sponsor converted automatically, on a one-for-one basis, into 1,931,852 shares of Class A common stock of FLAG. FLAG then changed its name to Calidi Biotherapeutics, Inc. ("New Calidi") and the class A common stock was designated common stock. |
| F3 | Pursuant to the Amended and Restated Certificate of Incorporation of FLAG, the shares of Class B common stock of FLAG had no expiration date and were automatically convertible into shares of Class A common stock of FLAG at the time of FLAG's initial business combination on a one-for-one basis, subject to adjustment. |
| F4 | In connection with an investment of an aggregate $12,500,000 by Jackson Investment Group, LLC ("Jackson) in Series B Preferred Stock of Old Calidi, the Sponsor transferred 191,990 shares of Class B common stock of FLAG to Jackson on June 16, 2023, with an additional 99,388 shares of Class B common stock of FLAG transferred to Jackson on September 12, 2023 in connection with the closing of the transactions contemplated by the Merger Agreement. |
| F5 | In connection with the transactions contemplated by the Merger Agreement, in order to induce investors to provide financing to New Calidi and to extinguish certain outstanding promissory notes of FLAG, the Sponsor transferred to such investors, for no cash or other payment, an aggregate of 186,372 shares of Class B common stock of FLAG. |
| F6 | The Sponsor forfeited the shares of Class B common stock of FLAG to FLAG for no consideration in connection with the transactions contemplated by the Merger Agreement. |
Exhibit 99.1 (Joint Filer Information and Signatures) is hereby incorporated by reference herein.