Surendra K. Ajjarapu - Jun 7, 2023 Form 4 Insider Report for Semper Paratus Acquisition Corp (LGST)

Role
CEO and Chairman, Director, 10%+ Owner
Signature
/s/ Surendra Ajjarapu, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol
LGST
Transactions as of
Jun 7, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 03:55 PM
Previous filing
Mar 24, 2023
Next filing
Aug 28, 2023
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGST Class A ordinary shares, par value $0.0001 per share Award +1M 1M Jun 7, 2023 By SSVK Associates, LLC 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 LGST Class B ordinary shares, par value $0.0001 per share Award +7.99M 7.99M Jun 7, 2023 Class A ordinary shares, par value $0.0001 per share 7.99M By SSVK Associates, LLC F2, F3, F4
transaction LGST Warrants Award +500K 500K Jun 7, 2023 Class A ordinary shares, par value $0.0001 per share 500K $11.50 By SSVK Associates, LLC F2, F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class A Ordinary shares are underlying the units (the "Private Placement Units"). As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.
F2 SSVK Associates, LLC the sponsor of the Issuer (the "Sponsor"), purchased all its interests in the Issuer, including certain other rights and obligations in accordance with a purchase agreement, dated as of May 4, 2023, entered into by and among, Reporting Person, the Issuer and other certain securityholders for an aggregate purchase price of $1 (one dollar) due on the date on which a business combination is completed.
F3 The securities are held directly by the Sponsor. Surendra Ajjarapu, the Issuer's Chairman and Chief Executive Officer is the manager of the Sponsor. Mr. Ajjarapu may be deemed to beneficially own the securities held by the Sponsor by virtue of his control over the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his respective pecuniary interest.
F4 As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities-Founder Shares", the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.
F5 The Warrants are underlying the Private Placement Units. As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.
F6 The Warrants will become exercisable upon the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination.
F7 The Warrants will expire five years after the completion of the Issuer's business combination or earlier upon redemption or liquidation.