Camel Bay, LLC - May 16, 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
Stock symbol: BFAC
Transactions as of: May 16, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/17/2024, 05:19 PM
Previous filing: Jan 19, 2024

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	+2M		$0.00	2M	May 16, 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		-2M	-47.69%		2.19M	May 16, 2024	Class A ordinary shares	2M	$0.00	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).