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

Role: Director, 10%+ Owner
Signature: SILVERspac Sponsor LLC, by /s/ Charles Federman, as Chief Executive Officer
Stock symbol: SLVR
Transactions as of: Sep 29, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/3/2023, 04:59 PM
Previous filing: Sep 9, 2021

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		-6.12M	-100%		1	Sep 29, 2023	Class A Ordinary Shares	6.12M		Direct	F1, F2, F3

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

SILVERspac Sponsor LLC 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 6,124,999 Class B Ordinary Shares for no consideration.
F3	The reporting owner, SILVERspac Sponsor LLC (the "Sponsor"), in whose name the securities reported herein are held. The managing member of the Sponsor is SILVERspac Management LLC. The members of SILVERspac Management LLC are Mr. Charles Federman and Mr. Tal Kerret. Each of the Reporting Persons (other than the Sponsor) may be deemed a beneficial owner of shares held by the Sponsor but each disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

Remarks:

Mr. Charles Federman and Mr. Tal Kerret serve on the board of directors of the issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, SILVERspac Management LLC may be deemed a director by deputization with respect to the issuer on the basis of the service of Mr. Charles Federman and Mr. Tal Kerret on the issuer's board of directors.After giving effect to the Issuer's delisting and deregistration, the Reporting Person will no longer be subject to Section 16 reporting obligations.