Enphys Acquisition Sponsor LLC - 17 Oct 2023 Form 4 Insider Report for Enphys Acquisition Corp.

Role
10%+ Owner
Signature
/s/ Par Lindstrom, as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
17 Oct 2023
Net transactions value
$0
Form type
4
Filing time
17 Oct 2023, 18:09:49 UTC
Previous filing
13 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NFYS Class A Ordinary Shares Conversion of derivative security +4,994,800 4,994,800 17 Oct 2023 Direct F1

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 Class B Ordinary Shares Conversion of derivative security $0 -4,994,800 -77% $0.000000 1,500,000 17 Oct 2023 Class A Ordinary Shares 4,994,800 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the Amended and Restated Memorandum and Articles of Association of Enphys Acquisition Corp. ("NFYS"), Enphys Acquisition Sponsor LLC (the "Sponsor") elected to convert 4,994,800 of its Class B ordinary shares of NFYS, par value $0.0001 per share (the "Class B Ordinary Shares"), into Class A ordinary shares of NFYS, par value $0.0001 per share (the "Class A Ordinary Shares") on a one-for-one basis for no consideration.
F2 The Class B Ordinary Shares were (i) convertible into Class A Ordinary Shares at the Sponsor's election on a one-for-one basis and (ii) automatically convertible into Class A Ordinary Shares at the time of the closing of NFYS's initial business combination on a one-for-one basis, in each case subject to adjustment pursuant to certain anti-dilution rights, and had no expiration date.