Srinath Narayanan - Jul 26, 2024 Form 4 Insider Report for Project Energy Reimagined Acquisition Corp. (PEGR)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Brian N. Wheaton, Attorney-in-Fact
Stock symbol: PEGR
Transactions as of: Jul 26, 2024
Transactions value $: $0
Form type: 4
Date filed: 7/29/2024, 09:15 PM
Previous filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PEGR	Class A ordinary shares	Conversion of derivative security		+1	+0%		5.27M	Jul 26, 2024	See Footnote	F1, F2
transaction	PEGR	Class A ordinary shares	Other		-5.27M	-100%		0	Jul 26, 2024	See Footnote	F2, F3

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	PEGR	Class B ordinary shares	Conversion of derivative security		-1	-100%		0	Jul 26, 2024	Class A ordinary shares	1		See Footnote	F1, F2, F4
transaction	PEGR	Warrant	Other		-8.43M	-100%		0	Jul 26, 2024	Class A ordinary shares	8.43M	$11.50	See Footnote	F2, F5

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

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

Explanation of Responses:

Id	Content
F1	Represents one Class B ordinary share of Project Energy Reimagined Acquisition Corp. (the "Issuer") that converted into one Class A ordinary share of the Issuer in connection with the consummation of the business combination (the "Business Combination") pursuant to that certain Business Combination Agreement, dated as of October 2, 2023, by and among the Issuer, Heramba Electric plc ("Holdco"), Heramba Merger Corp., Heramba Limited and Heramba GmbH.
F2	The reported securities were held directly by Smilodon Capital, LLC (the "Sponsor") and indirectly by Admit Capital, LLC ("Admit Capital"), as the manager of the Sponsor, and Srinath Narayanan, as the manager of Admit Capital. By virtue of these relationships, each of Admit Capital and Mr. Narayanan may have been deemed to share beneficial ownership of the reported securities. Each of Admit Capital and Mr. Narayanan disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.
F3	Disposed of in exchange for ordinary shares of Holdco ("Holdco Ordinary Shares") in connection with the consummation of the Business Combination, a portion of which shares were distributed to the Sponsor's members.
F4	The Class B ordinary shares of the Issuer were automatically convertible into Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis (subject to adjustment), and had no expiration date.
F5	Represents private placement warrants acquired by the Sponsor in connection with the Issuer's initial public offering, which warrants were converted into warrants of Holdco to purchase Holdco Ordinary Shares, at an exercise price of $11.50 per share, in connection with the consummation of the Business Combination.