Paul Michael Davis - Jun 2, 2023 Form 3 Insider Report for Zalatoris Acquisition Corp. (TCOA)

Role
Chief Executive Officer, Director
Signature
/s/ Paul Davis, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney
Stock symbol
TCOA
Transactions as of
Jun 2, 2023
Transactions value $
$0
Form type
3
Date filed
11/2/2023, 07:07 PM
Next filing
Nov 3, 2023

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
holding TCOA Class B Common Stock Jun 2, 2023 Class A Common Stock 20K Direct F1, F2
holding TCOA Class B Common Stock Jun 2, 2023 Class A Common Stock 2.59M See footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-253967) under the heading "Description of Securities-Founder Shares", the Class B common stock, par value $0.0001, will automatically convert into Class A common stock, par value $0.0001, of the issuer at the time of the issuer's initial business combination transaction on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 These shares represent 2,592,898 shares of Class B common stock of the issuer held by J. Streicher Holdings, LLC (the "Sponsor"). As such, the Reporting Person may be deemed to have beneficial ownership of such shares. The Reporting Person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:

The original Form 3 filed on October 23, 2023 was inadvertently filed without the power of attorney exhibit. This filing has been amended to include the power of attorney.