Bonnie Kintzer - Sep 29, 2023 Form 4 Insider Report for SILVERspac Inc. (SLVR)

Role
Director
Signature
/s/ Charles Federman as attorney-in-fact for Bonnie Kintzer
Stock symbol
SLVR
Transactions as of
Sep 29, 2023
Transactions value $
$0
Form type
4
Date filed
10/3/2023, 04:51 PM
Previous filing
Jun 15, 2023
Next filing
Jun 17, 2024

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
transaction SLVR Class B Ordinary Shares Disposed to Issuer -25K -100% 0 Sep 29, 2023 Class A Ordinary Shares 25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bonnie Kintzer is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date.
F2 On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration.

Remarks:

After giving effect to the Issuer's delisting and deregistration, the Reporting Person will no longer be subject to Section 16 reporting obligations.