10X Capital SPAC Sponsor II LLC - Aug 13, 2021 Form 4 Insider Report for African Agriculture Holdings Inc. (AAGR)

Role
10%+ Owner
Signature
10X Capital SPAC Sponsor II LLC, By: 10X Capital Advisors, LLC, By: /s/ Hans Thomas, Managing Member
Stock symbol
AAGR
Transactions as of
Aug 13, 2021
Transactions value $
$0
Form type
4
Date filed
12/8/2023, 09:00 PM
Previous filing
Mar 11, 2022
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AAGR Common Stock Purchase +455K 455K Aug 13, 2021 See footnote F1, F2
transaction AAGR Common Stock Conversion of derivative security $0 +1M +219.78% $0.00 1.46M May 15, 2023 See footnote F2
transaction AAGR Common Stock Conversion of derivative security +3.22M +221.19% 4.67M Dec 6, 2023 See footnote F2, F3
transaction AAGR Common Stock Other +1.23M +26.39% 5.91M Dec 6, 2023 See footnote F2, F4
transaction AAGR Common Stock Other +2.29M +38.76% 8.2M Dec 6, 2023 See footnote F2, F5

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 AAGR Warrants Purchase +152K 152K Aug 13, 2021 Common Stock 152K $11.50 See footnote F1, F2
transaction AAGR Class B Common Stock Conversion of derivative security $0 -1M -18.75% $0.00 4.33M May 15, 2023 Common Stock 1M See footnote F2, F3
transaction AAGR Class B Common Stock Other -1.11M -25.72% 3.22M Dec 6, 2023 Common Stock 1.11M See footnote F2, F3, F6, F7
transaction AAGR Class B Common Stock Conversion of derivative security -3.22M -100% 0 Dec 6, 2023 Common Stock 3.22M See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the consummation of the Issuer's (f/k/a 10X Capital Venture Acquisition Corp. II) initial public offering, 10X Capital SPAC Sponsor II LLC (the "Sponsor") purchased 455,000 private placement units, each of which consists of one Class A ordinary share of the Issuer and one-third of one redeemable warrant to purchase one Class A ordinary share, for a purchase price of $10.00 per unit. In connection with the completion of the Issuer's initial business combination (the "Business Combination") on December 6, 2023, each Class A ordinary share outstanding was automatically converted into shares of the Issuer's Common Stock on a one-to-one basis.
F2 The Sponsor is the record holder of the securities reported herein. 10X Capital Advisors, LLC is the manager of the Sponsor (the "Manager"). Messrs. Thomas and Weisburd are the managing members of the Manager. As a result of these relationships, each of the foregoing entity and individuals may be deemed to share beneficial ownership of the securities held of record by the Sponsor.
F3 Upon the completion of the Business Combination, the Class B Common Stock (formerly, the Class B ordinary shares) held of record by the Sponsor were automatically converted into shares of the Issuer's Common Stock on a one-to-one basis.
F4 Represents shares issued to the Sponsor by the Issuer pursuant to an obligation set forth in a promissory note.
F5 Represents shares issued to the Sponsor by the Issuer pursuant to an agreement to waive a certain merger covenant.
F6 Represents a transfer of shares from the Sponsor to certain investors in connection to obligations set forth in non-redemption agreements.
F7 Pursuant to non-redemption agreements, the Sponsor committed to transferring a total of 1,233,167 Class B ordindary shares to certain investors parties to such agreements. On December 6, 2023, the Sponsor transferred 1,114,067 Class B ordinary shares, with the remaining 119,100 shares to be transferred at a later date as determined by the parties.