Global Commodities & Investments Ltd. - Dec 6, 2023 Form 4 Insider Report for African Agriculture Holdings Inc. (AAGR)

Role
10%+ Owner
Signature
Global Commodities & Investments Ltd by: /s/ Vasile Frank Timis, Director
Stock symbol
AAGR
Transactions as of
Dec 6, 2023
Transactions value $
$0
Form type
4
Date filed
3/15/2024, 09:12 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAGR Common Stock Other +11.7M +71.44% 28.1M Dec 6, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the acquisition from the Issuer of newly-issued shares of Common Stock under the terms of a Share Issuance Agreement by and between the reporting person and the Issuer. There was no cash purchase price for the shares, which were issued as an inducement for the reporting person to transfer certain shares, prior to the consummation of a business combination of the Issuer with African Agriculture, Inc., as required pursuant to that certain Cash-Settled Equity Derivative Transaction agreement by and between the Issuer and Vellar Opportunities Fund Master, Ltd.
F2 Global Commodities & Investments Ltd. ("Global") is the record holder of the securities reported herein. Vasile Frank Timis is the majority holder of Global and has voting and dispositive power with respect to the shares held by Global. Mr. Timis disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.

Remarks:

Exhibit 99.1 - Joint Filer Information Exhibit 99.2 - Joint Filing Agreement