| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ACAX | Class A Common Stock, par value $0.0001 per share | Other | -$9.48M | -923K | -100% | $10.28 | 0 | May 1, 2023 | See footnote | F1, F2, F3 |
Hudson Bay Capital Management LP is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | The Reporting Persons elected to redeem 922,596 shares of Class A Common Stock for cash. |
| F2 | The securities are held by HB Strategies LLC and Hudson Bay SPAC Master Fund LP (collectively, the "Funds"). Hudson Bay Capital Management LP (the "Investment Manager") serves as the investment manager of the Funds. As such, the Investment Manager may be deemed to have beneficial ownership of the securities held by the Funds. As the managing member of Hudson Bay Capital GP LLC, which is the general partner of Hudson Bay Capital Management LP, Mr. Sander Gerber may be deemed to have beneficial ownership of the securities held by the Funds. Each Reporting Person disclaims beneficial ownership of the securities held by the Funds, except to the extent of its or his pecuniary interest therein. |
| F3 | Reflects the Reporting Persons' best estimate of the redemption price based on the Company's disclosure in the Company's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on April 13, 2023. The Reporting Persons will file an amendment to this Form 4 to the extent the actual redemption price differs in any material respect from the price reported in column (4). |