Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | IVCB | Class B ordinary shares | Dec 14, 2021 | Class A ordinary shares | 7.08M | Direct | F1, F2, F3 |
Id | Content |
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F1 | Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis in accordance with the promote schedule as described in the Issuer's registration statement on Form S-1 (File No. 333-261301), subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date. |
F2 | The Class B ordinary shares reported on this Form 3 include up to 909,375 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement on Form S-1 (File No. 333-261301). |
F3 | Investcorp Investment Holdings Limited ("IIHL") is the sole member of the Reporting Person. IIHL is 100% owned by Investcorp S.A. ("ISA"), which is 100% owned by Investcorp Holdings Limited ("IHL"). SIPCO Holdings Limited ("SIPCO") may be deemed to control IHL through its ownership of a majority of the stock of a company that indirectly owns a majority of IHL. As such, IIHL, ISA, IHL and SIPCO may be deemed to have beneficial ownership over the number of Class B ordinary shares held directly by the Reporting Person. Each of the Reporting Person, IIHL, ISA, IHL and SIPCO disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein. |
At the current time, IHL does not have the necessary SEC filing codes. IHL is currently obtaining the necessary SEC filing codes and upon receipt will file an amended Form.