Springwater Promote LLC - Aug 25, 2021 Form 3 Insider Report for Springwater Special Situations Corp. (SWSS)

Role
10%+ Owner
Signature
Martin Gruschka as Managing Member of Springwater Promote LLC
Stock symbol
SWSS
Transactions as of
Aug 25, 2021
Transactions value $
$0
Form type
3
Date filed
8/25/2021, 04:24 PM
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SWSS Common Stock 4.88M Aug 25, 2021 By Springwater Promote LLC F1, 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
holding SWSS Warrants Aug 25, 2021 Common Stock 285K $11.50 By Springwater Promote LLC F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes up to 562,500 shares that may be forfeited if the underwriters of the Issuer's initial public offering do not exercise the overallotment option in full.
F2 The securities are owned directly by Springwater Promote LLC, a ten percent owner of the Issuer, and indirectly by its managing members, Martin Gruschka, a Director and the Chief Executive Officer of the Issuer, Ignacio Casanova, a Director and the Chief Financial Officer of the Issuer, and Angel Pendas, a Director and the Secretary of the Issuer. Each of the three managing members has one vote, and the approval of at least two of the three is required for approval of an action of the entity. Each of Messrs. Gruschka, Casanova, and Pendas disclaims beneficial ownership of the securities held by Springwater Promote LLC, except to the extent of his pecuniary interest therein.
F3 Includes securities underlying units which, prior to the effective date of the registration statement relating to the Issuer's initial public offering, the reporting person irrevocably committed to purchase. Each unit consists of one share of common stock and one-half of one warrant entitling the holder to purchase one share of common stock. Does not include securities underlying up to 56,250 units which such entity irrevocably committed to purchase in the event the underwriters in the Issuer's initial public offering exercise the overallotment option in full.
F4 Each warrant will become exercisable 30 days after the completion of an initial business combination.
F5 Each warrant will expire five years after the completion of an initial business combination.