Srinath Narayanan - Aug 1, 2023 Form 4 Insider Report for Project Energy Reimagined Acquisition Corp. (PEGR)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Brian N. Wheaton, Attorney-in-Fact
Stock symbol
PEGR
Transactions as of
Aug 1, 2023
Transactions value $
$0
Form type
4
Date filed
8/3/2023, 07:31 PM
Previous filing
Jan 20, 2022
Next filing
Jul 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGR Class A ordinary shares Conversion of derivative security +5.27M 5.27M Aug 1, 2023 See Footnote F1, F2

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 Conversion of derivative security -5.27M -100% 1 Aug 1, 2023 Class A ordinary shares 5.27M See Footnote F1, F2
* 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 concurrently with or immediately following 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) and have no expiration date. On August 1, 2023, the Issuer's shareholders approved an amendment to the Issuer's amended and restated articles of association to allow holders of Class B ordinary shares to effect the conversion of Class B ordinary shares to Class A ordinary shares, at their option, prior to the time of the Issuer's initial business combination. Following such approval, on August 1, 2023, Smilodon Capital, LLC (the "Sponsor") exercised its right to convert 5,272,697 Class B ordinary shares into 5,272,697 Class A ordinary shares on a one-for-one basis.
F2 The reported securities are held directly by the Sponsor and indirectly by Admit Capital, LLC ("Admit Capital"), as the manager of the Sponsor, and Srinath Narayanan, as the manager of Admit Capital. By virtue of these relationships, each of Admit Capital and Mr. Narayanan may be deemed to share beneficial ownership of the reported securities. Each of Admit Capital and Mr. Narayanan disclaims beneficial ownership of such securities except to the extent of its or his pecuniary interest therein.

Remarks:

See Exhibit 24.1 - Power of Attorney (Srinath Narayanan); See Exhibit 24.2 - Power of Attorney (Smilodon Capital, LLC); See Exhibit 24.3 - Power of Attorney (Admit Capital, LLC)