Infinite Sponsor, LLC - Jun 2, 2023 Form 4 Insider Report for Infinite Acquisition Corp. (NFNT)

Role
10%+ Owner
Signature
/s/ Rich Kleiman, as authorized signatory
Stock symbol
NFNT
Transactions as of
Jun 2, 2023
Transactions value $
$2,500,000
Form type
4
Date filed
6/2/2023, 04:32 PM
Previous filing
Feb 16, 2022

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 NFNT Class B ordinary shares Conversion of derivative security $2.5M +25K +0.36% $100.00* 6.93M Jun 2, 2023 Class A ordinary shares 25K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction represents the exempt exercise of an option to repurchase 25,000 Class B ordinary shares, par value $0.0001 (the "Class B Shares") previously sold by Infinite Sponsor, LLC (the "Sponsor") to Annastasia Skilakos Seebohm pursuant to that certain Securities Assignment Agreement dated November 2, 2021 among the Sponsor, the issuer and Annastasia Skilakos Seebohm, which provided the Sponsor with an option to repurchase the Class B Shares upon Annastasia Skilakos' resignation from the issuer's board of directors prior to vesting.
F2 As described in the issuer's registration statement on Form S-1 (File No. 333-260699) (the "Registration Statement") under the heading "Description of Securities--Founder Shares", the Class B Shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer 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 adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F3 The reporting person is the record holder of the Class B Shares. The reporting person is governed by a board consisting of four managers. Each manager has one vote, and the approval of a majority of the managers is required to approve an action on behalf of the reporting person.