Srinath Narayanan - Dec 12, 2021 Form 4/A - Amendment Insider Report for Project Energy Reimagined Acquisition Corp. (PEGR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Carol Anne Huff, as Attorney-in-Fact on behalf of Srinath Narayanan
Stock symbol
PEGR
Transactions as of
Dec 12, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
2/11/2022, 04:29 PM
Date Of Original Report
Dec 14, 2021
Previous filing
Nov 2, 2021
Next filing
Aug 3, 2023

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 PEGR Class B Ordinary Shares Other -593K -10.11% 5.27M Dec 12, 2021 Class A Ordinary Shares 593K 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 Class B ordinary shares will automatically convert into Class A ordinary shares on the first business day following the consummation of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-254695) (the "Registration Statement") and have no expiration date.
F2 593,085 Class B ordinary shares were forfeited by Smilodon Capital, LLC (the "Sponsor") to the Issuer at no cost in connection with the expiration of the underwriters' over-allotment option, as described in the Registration Statement.
F3 The securities are held directly by the Sponsor. Admit Capital, LLC is the managing member of the Sponsor. Srinath Narayanan is the managing member of Admit Capital, LLC. Admit Capital, LLC and Srinath Narayanan may be deemed to share beneficial ownership of the Class B ordinary shares. Srinath Narayanan and Admit Capital, LLC each disclaims beneficial ownership of such shares except to the extent of his and its pecuniary interest therein.

Remarks:

This Form 4A is being filed to further amend the Form 4 filed on December 14, 2021 to correct the number of shares forfeited and the reported amount of beneficial ownership following the reported transaction. The number of shares forfeited should have been reported as 593,085, not 593,063 as reported on December 14, 2021. The beneficial ownership should have been reported as 5,272,698 - not 6,594,437 as reported on December 14, 2021.