Elaine Grunewald - Jan 21, 2021 Form 4 Insider Report for European Sustainable Growth Acquisition Corp. (EUSG)

Role
Director
Signature
/s/ Elaine Grunewald
Stock symbol
EUSG
Transactions as of
Jan 21, 2021
Transactions value $
$0
Form type
4
Date filed
12/22/2021, 11:14 AM

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 EUSG Redeeemable Warrants Purchase +1.85K 1.85K Jan 21, 2021 Class A ordinary Shares 1.85K $11.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As disclosed in the Form S-1 (No. 333-251888), as amended, filed by European Sustainable Growth Acquisition Corp., a Cayman Islands exempted company ("EUSG"), these warrants become exercisable 30 days after the completion of EUSG's initial business combination and expire five years after the completion of EUSG's initial business combination. EUSG anticipates that it will close its initial business combination with ads-tec Energy GmbH, based in Nurtingen and entered in the commercial register of the Stuttgart Local Court under HRB 762810, on December 22, 2021, as disclosed in the Form F-4 (No. 333-260312), as amended, filed by ads-tec Energy PLC, a public limited company incorporated in Ireland.
F2 The reporting person purchased 3,700 units in EUSG's initial public offering for $10.00 per unit, and such units included these 1,850 redeemable warrants.