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 |
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 |
Id | Content |
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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. |