Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ZLS | Class B ordinary shares | Sale | -$264K | -4.4M | -81.48% | $0.06 | 1M | Jul 27, 2023 | Class A ordinary shares | 4.4M | Direct | F1, F2, F3 |
XPAC Sponsor LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
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F1 | On July 27, 2023, the issuer's name was changed from XPAC Acquisition Corp. to Zalatoris II Acquisition Corp. As described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer ("Class B ordinary shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer ("Class A ordinary shares") 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 certain adjustment, and have no expiration date. |
F2 | As disclosed in a Current Report on Form 8-K filed by the issuer on July 27, 2023, on July 27, 2023, XPAC Sponsor LLC (the "Sponsor") transferred to J. Streicher Holdings, LLC (i) 4,400,283 Class B ordinary shares, and (ii) 4,261,485 private placement warrants issued by the issuer and convertible into 4,261,485 Class A ordinary shares in certain circumstances described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Redeemable Warrants--Private Placement Warrants". |
F3 | The Sponsor is the record holder of the Class B ordinary shares reported herein. The sole member of the Sponsor, XP Inc., by virtue of its control over the Sponsor, may be deemed to beneficially own shares held by the Sponsor. |