Keyarch Global Sponsor Ltd - Aug 14, 2023 Form 4 Insider Report for Keyarch Acquisition Corp (KYCH)

Role
10%+ Owner
Signature
Keyarch Global Sponsor Limited, By: /s/ Fang Zheng. Authorized Signer
Stock symbol
KYCH
Transactions as of
Aug 14, 2023
Transactions value $
$0
Form type
4
Date filed
8/16/2023, 05:26 PM
Previous filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KYCH Class A Ordinary Shares Conversion of derivative security +2.8M +570.85% 3.29M Aug 14, 2023 Direct F1, F2, F3

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 KYCH Class B Ordinary Shares Conversion of derivative security -2.8M -100% 1 Aug 14, 2023 Class A Ordinary Shares 2.8M Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares, par value $0.0001 per share, of the issuer ("Class B Ordinary Shares") have no expiration date and are convertible into an equal number of Class A ordinary shares, par value $0.0001 per share, of the issuer ("Class A Ordinary Shares") at any time, at the option of the holder. On August 14, 2023, the reporting person elected to convert 2,799,999 of its Class B Ordinary Shares into Class A Ordinary Shares.
F2 Keyarch Global Sponsor Limited (the "Sponsor") is the record holder of the securities reported herein. Mr. Fang Zheng is the majority shareholder of the Sponsor. As such, he may be deemed to have beneficial ownership of such shares held directly by the Sponsor. Mr. Zheng disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
F3 Includes 490,500 Class A Ordinary Shares underlying private placement units (each unit consisting of one Class A Ordinary Share, one-half of one warrant, each whole warrant exercisable to purchase one Class A Ordinary Share, and one right, each right entitling its holder to receive one-tenth of one Class A Ordinary Share) held by the Sponsor, acquired in connection with the issuer's initial public offering.