BP SPAC Sponsor LLC - 15 Jul 2021 Form 3 Insider Report for StoneBridge Acquisition Corp. (FAAS)

Role
10%+ Owner
Signature
BP SPAC Sponsor LLC, /s/ Bhargava Marepally, Manager
Issuer symbol
FAAS
Transactions as of
15 Jul 2021
Net transactions value
$0
Form type
3
Filing time
12 Apr 2022, 15:34:45 UTC
Next filing
12 Apr 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
holding APAC Class B ordinary shares, par value $0.0001 per share 15 Jul 2021 Class A ordinary shares 5,750,000 by StoneBridge Acquisition Sponsor LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 StoneBridge Acquisition Sponsor LLC is the direct owner of such Class B ordinary shares, par value $0.0001 (the "Class B Ordinary Shares"), in StoneBridge Acquisition Corporation (the "Issuer") and is a wholly-owned subsidiary of, and is managed by, BP SPAC Sponsor LLC. StoneBridge Acquisition Sponsor LLC received these Class B Ordinary Shares through a subscription agreement, by and between StoneBridge Acquisition Sponsor LLC and the Issuer. 750,000 of the Class B ordinary shares are subject to forfeiture to the extent that the underwriters did not fully or partially exercise their over-allotment option in the Issuer's initial public offering of its securities. The Class B Ordinary Shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment, as described in the registration statement on Form S-1 (File No. 333-253641), as amended.