Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | APTM | Class B ordinary shares | Jul 27, 2021 | Class A ordinary shares | 7.19M | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The Class B ordinary shares will automatically convert into Class A ordinary shares on the first business day following the consummation of the Issuer's initial business combination at a ratio such that the number of Class A ordinary shares issuable upon conversion will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of ordinary shares issued and outstanding upon the consummation of the Issuer's initial public offering, subject to certain adjustments described in the Issuer's registration statement on Form S-1 (File No. 333-253221) (the "Registration Statement") adjacent from the heading "Founder shares conversion and anti-dilution rights". |
F2 | Any such conversion will take effect as a compulsory redemption of Class B ordinary shares and an issuance of Class A ordinary shares as a matter of Cayman Islands law. In no event will the Class B ordinary shares convert into Class A ordinary shares at a rate of less than one-to-one. The Class B ordinary shares have no expiration date. |
F3 | These shares include up to 937,500 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Registration Statement. |