Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | BURU | Class B common stock | Other | -270K | -3.13% | 8.36M | Oct 18, 2020 | Class A Common Stock | 270K | Direct | F1, F2, F3 |
Id | Content |
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F1 | This Form 4 reflects the automatic surrender to Tailwind Acquisition Corp. (the "Issuer") of 269,607 shares of the Issuer's Class B common stock, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the Issuer, triggered by the election by the underwriter of the Issuer's initial public offering only to partially exercise its option to purchase additional units. |
F2 | As described in the Issuer's registration statement on Form S-1 (File No. 333-248113) under the heading "Description of Securities--Founder Shares", the shares of Class B common stock will automatically convert into shares of Class B common stock 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. |
F3 | Philip Krim controls the reporting person, and as such has voting and investment discretion with respect to the securities held by the reporting person and may be deemed to have beneficial ownership of the securities held directly by the reporting person. The business address of Mr. Krim is c/o Tailwind Sponsor LLC, 1545 Courtney Ave, Los Angeles, California 90046. |
This Form 4/A corrects and replaces the Form 4 filed on October 19, 2020 , which due to an administrative error incorrectly identified Tailwind Acquisition Corp. as the reporting person. The correct reporting person is Tailwind Sponsor LLC as indicated in this Form 4/A.