PepperOne LLC - Oct 13, 2021 Form 3 Insider Report for PepperLime Health Acquisition Corp (PEPL)

Role
10%+ Owner
Signature
/s/ Ramzi Haidamus, as Manager
Stock symbol
PEPL
Transactions as of
Oct 13, 2021
Transactions value $
$0
Form type
3
Date filed
10/14/2021, 04:03 PM

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 PEPL Class B ordinary shares Oct 13, 2021 Class A ordinary shares 3.39M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-259861) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, 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 for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The Class B ordinary shares beneficially owned by the reporting person include up to 562,500 shares that may be surrendered to the issuer for no consideration depending on the extent to which the underwriters exercise the over-allotment option.
F3 This form is being filed by PepperOne LLC, the sponsor of the issuer (the "Sponsor"). The sponsor is governed by a board of managers consisting of three managers or more managers. Any action by the Sponsor with respect to the issuer or the issuer's securities held by the Sponsor, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers. Under the so-called "rule of three," because voting and dispositive decisions are made by a majority of the managers, none of the managers is deemed to be a beneficial owner of issuer securities held by the Sponsor, even those in which such manager holds a pecuniary interest. Accordingly, none of the managers on Sponsor's board of managers is deemed to have or share beneficial ownership of the shares held by the Sponsor.

Remarks:

Exhibit 24 - Power of Attorney