Enphys Acquisition Sponsor LLC - Oct 8, 2021 Form 4 Insider Report for Enphys Acquisition Corp. (NFYS)

Role
10%+ Owner
Signature
/s/ Jorge de Pablo, as Attorney-in-Fact
Stock symbol
NFYS
Transactions as of
Oct 8, 2021
Transactions value $
$8,899,795
Form type
4
Date filed
10/13/2021, 06:01 PM
Previous filing
Oct 5, 2021
Next filing
Oct 17, 2023

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 NFYS Warrant to Purchase Common Stock (right to buy) Purchase $8.9M +8.9M +104.15% $1.00* 17.4M Oct 8, 2021 Class A Ordinary Shares 8.9M $11.50 Direct F1, F2
transaction NFYS Class B Common Stock Other -$205 -2.05M -11.75% $0.00* 15.4M Oct 8, 2021 Class A Ordinary Shares 2.05M Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants become exercisable on the later of (i) 30 days after the completion of Enphys Acquisition Corp.'s (the "Issuer") initial business combination and (ii) 12 months from the closing of the Issuer's initial public offering.
F2 The warrants expire 5 years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the Issuer's registration statement (the "Registration Statement") filed with the SEC (File No. 333-257932).
F3 As described in the Registration Statement under the heading "Description of Securities," the Class B ordinary shares automatically convert into the number of shares of Class A ordinary shares of the Issuer at the time of the Issuer's initial business combination on a one-for-one basis, subject to certain adjustments, and have no expiration date.
F4 Such number of shares were cancelled as described in the Registration Statement.