Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | GBBK | Common Stock | 4.31M | Nov 13, 2024 | Direct |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | GBBK | Private Warrants to purchase common stock | Nov 13, 2024 | Common Stock | 6.81M | $11.50 | Direct | F1, F2, F3 |
Id | Content |
---|---|
F1 | The Reporting Person purchased 4,312,500 shares of common stock and 6,812,500 warrants on November 13, 2024, in a private sale in consideration for purchaser's issuance of two promissory notes with an aggregate face value of $44,000,000. 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). |