Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AENT | Class A Common Stock | Options Exercise | $0 | +25K | $0.00 | 25K | Feb 10, 2023 | Direct | F2 | |
transaction | AENT | Class A Common Stock | Other | $0 | +548K | $0.00 | 548K | Feb 10, 2023 | See Footnote | F3, F4 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | AENT | Class B Common Stock | Options Exercise | $0 | -25K | -100% | $0.00* | 0 | Feb 10, 2023 | Class A Common Stock | 25K | Direct | F1, F2 | |
transaction | AENT | Warrant | Other | $0 | +1.87M | $0.00 | 1.87M | Feb 10, 2023 | Class A Common Stock | 1.87M | See Footnote | F3, F4, F5 |
Id | Content |
---|---|
F1 | As described in the issuer's registration statement on Form S-4 (File No. 333-250157), as amended (the "Registration Statement") under the heading "Description of Securities--Founder Shares," the shares of Class B common stock, par value $0.0001 per share, automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date. |
F2 | Upon the consummation of the issuer's business combination with Alliance Entertainment Holding Corporation on February 10, 2023, all issued and outstanding shares of the issuer's Class B common stock automatically converted into an equal number of shares of Class A common stock. |
F3 | Following the closing of the issuer's business combination with Alliance Entertainment Holding Corporation, the Sponsor distributed all of the issuer's securities held by the Sponsor pro rata to the Sponsor's members. |
F4 | The securities are held directly by B&D Series 2020, LLC, of which the reporting person is the manager. The reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
F5 | Each warrant will become exercisable 30 days after the completion of the issuer's initial business combination. Each warrant will expire five years after the completion of the issuer's initial business combination. Each warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment in the event of certain capital-raising or reorganization transactions. |