Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTII | Class B Common Stock | Other | $0 | -380K | -13.22% | $0.00 | 2.5M | Aug 18, 2023 | Class A Common Stock | 380K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | The shares of Class B common stock have no expiration date and will automatically convert into shares of Class A common stock at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment as set forth in the issuer's registration statement on Form S-1 (File No. 333-261886). |
F2 | Pursuant to the acquisition agreement (the "Agreement") dated, August 4, 2023, by and among the issuer, the Reporting Person and Ray Chen, the Reporting Person transferred 380,000 shares of the issuer's Class B common stock upon satisfaction of the conditions pursuant to Section 7 of the Agreement. |