Scott W. Absher - Oct 22, 2021 Form 4 Insider Report for Industrial Human Capital, Inc. (AXH)

Role
Chief Executive Officer, 10%+ Owner
Signature
/s/ Scott W. Absher
Stock symbol
AXH
Transactions as of
Oct 22, 2021
Transactions value $
$4,639,102
Form type
4
Date filed
10/25/2021, 02:32 PM
Previous filing
Oct 20, 2021
Next filing
Jul 19, 2022

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 AXH Warrants to purchase Common Stock Purchase $4.64M +4.64M $1.00 4.64M Oct 22, 2021 Common Stock 4.64M $11.50 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants become exercisable on the later of (i) 30 days after the completion of the registrant's initial business combination and (ii) 12 months from the closing of the registrant's initial public offering.
F2 The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC.
F3 The securities reported herein are directly held by ShiftPixy Investments, Inc., over which Scott W. Absher has voting and dispositive power.. The reporting person disclaims any pecuniary interest in the securities reported herein except to the extent of his beneficial interest in ShiftPixy Investments, Inc.