Polar Asset Management Partners Inc. - Nov 7, 2022 Form 3 Insider Report for CELADON DEVELOPMENT CORP (PCCT)

Role: 10%+ Owner
Signature: /s/ Andrew Ma, Chief Compliance Officer, on behalf of Polar Asset Management Partners Inc.
Stock symbol: PCCT
Transactions as of: Nov 7, 2022
Transactions value $: $0
Form type: 3
Date filed: 11/7/2022, 08:27 AM
Previous filing: Nov 7, 2022
Next filing: Nov 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PCCT	Class A ordinary shares, par value $0.0001 per share						300K	Nov 7, 2022	See footnote 1	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	1. Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada (the "Reporting Person"), serves as investment advisors to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and has sole voting and investment discretion with respects to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein. This Form 3 is being filed due to the redemption of 20,542,108 Class A common stock (as announced by the Company in a Form 8-K filed on October 28, 2022) by Company shareholders, after which the Reporting person's aggregate beneficial ownership was above 10%.

Content

1. Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada (the "Reporting Person"), serves as investment advisors to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF") and has sole voting and investment discretion with respects to the securities reported herein which are held by PMSMF. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein. This Form 3 is being filed due to the redemption of 20,542,108 Class A common stock (as announced by the Company in a Form 8-K filed on October 28, 2022) by Company shareholders, after which the Reporting person's aggregate beneficial ownership was above 10%.