Max Hooper - May 12, 2022 Form 4 Insider Report for Global Blockchain Acquisition Corp. (GBBK)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Max Hooper
Stock symbol
GBBK
Transactions as of
May 12, 2022
Transactions value $
$6,812,500
Form type
4
Date filed
5/16/2022, 05:00 PM
Previous filing
May 9, 2022
Next filing
Nov 15, 2024

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 GBBK Private Warrants to purchase common stock Purchase $6.81M +6.81M $1.00* 6.81M May 12, 2022 Common stock 6.81M $11.50 By Global Blockchain Sponsor, LLC F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Global Blockchain Sponsor, LLC ("Sponsor") purchased 6,812,500 warrants on May 12, 2022, as described in the issuer's registration statement on Form S-1 (File No. 333-264396), in a private placement of warrants at a price of $1.00 per private placement warrant. Each whole private placement warrant is exercisable to purchase one share of common stock at a price of $11.50 per share.
F2 The warrants become exercisable 30 days after the completion of the registrant's initial business combination.
F3 The warrants expire five years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the Form S-1 (File No. 333-264396).
F4 The warrants are held by the Sponsor. Max Hooper is the manager of the Sponsor. Mr. Hooper disclaims beneficial ownership of the securities held by the Sponsor except to the extent of his pecuniary interest therein.