Camel Bay, LLC - 16 May 2024 Form 4 Insider Report for Battery Future Acquisition Corp. (BFAC)

Role: 10%+ Owner
Signature: /s/ Ling Shi, as Managing Member of the Reporting Person
Issuer symbol: BFAC
Transactions as of: 16 May 2024
Net transactions value: $0
Form type: 4
Filing time: 17 May 2024, 17:19:45 UTC
Previous filing: 19 Jan 2024
Next filing: 09 Apr 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFAC	Class A ordinary shares	Conversion of derivative security	$0	+2,000,000		$0.000000	2,000,000	16 May 2024	Direct

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	BFAC	Class B ordinary shares	Conversion of derivative security		-2,000,000	-48%		2,193,695	16 May 2024	Class A ordinary shares	2,000,000	$0.000000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	These Class B ordinary shares, par value $0.0001 per share (the "Class B Shares") have no expiration date, are convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Shares") of the Issuer at any time at the option of the holder on a one-for-one basis and will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-261373).

Content

These Class B ordinary shares, par value $0.0001 per share (the "Class B Shares") have no expiration date, are convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Shares") of the Issuer at any time at the option of the holder on a one-for-one basis and will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-261373).