Zhizhuang Miao - Nov 13, 2023 Form 3 Insider Report for Global Lights Acquisition Corp (GLAC)

Role: CEO, Director, 10%+ Owner
Signature: Zhizhuang Miao /s/ Zhizhuang Miao
Stock symbol: GLAC
Transactions as of: Nov 13, 2023
Transactions value $: $0
Form type: 3
Date filed: 11/13/2023, 04:08 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GLAC	Ordinary Share						2.08M	Nov 13, 2023	By Carbon Neutral Holdings Inc.	F1, F2, F3, F5

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	GLAC	Private Rights							Nov 13, 2023	Ordinary Shares	2.08M	$0.00	By Carbon Neutral Holdings Inc.	F2, F4, F5, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Assuming the over-allotment option is exercised by the underwriters of the initial public offering (the "IPO") of Global Lights Acquisition Corp (the "Issuer") in full within 45 days of the offering, Mr. Zhizhuang Miao may be deemed to beneficially own 2,075,000 ordinary shares of the Issuer held by Carbon Neutral Holdings Inc. (the "Sponsor").
F2	According to the governing documents of the Sponsor, the board of directors of Sponsor, among others, operate and manage the business of the Sponsor including its assets. Mr. Miao is the sole director of the Sponsor and has voting, dispositive or investment power over the Sponsor. Accordingly, Mr. Miao is deemed to have beneficial ownership of the shares held by the Sponsor.
F3	Including (i) 1,725,000 ordinary shares of the Issuer acquired by the Sponsor prior to the IPO and (ii) up to 350,000 ordinary shares of the Issuer underlying the private units ("Private Units") to be acquired by the Sponsor in a private placement simultaneously with the consummation of the IPO, assuming full exercise of the over-allotment option. Each Private Unit consists of one ordinary share and one right. The amount of shares reported includes up to 225,000 ordinary shares subject to forfeiture to the extent that the over-allotment option by the underwriters is not exercised in full or in part.
F4	This statement is jointly filed by Mr. Zhizhuang Miao and the Sponsor. Mr. Miao beneficially owns the securities listed in Table I and Table II (the "Securities") described above.
F5	Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
F6	As described in the Right Agreement, between the Issuer and Continental Stock Transfer & Trust Company, LLC, and filed as Exhibit 4.4 to the Registration Statement, the private rights will automatically convert into 1/6 of one ordinary share upon the completion of the business combination.