John Schaible - Feb 9, 2024 Form 4 Insider Report for Quantum FinTech Acquisition Corp (QFTA)

Signature
/s/ John Schaible
Stock symbol
QFTA
Transactions as of
Feb 9, 2024
Transactions value $
$0
Form type
4
Date filed
2/16/2024, 07:13 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QFTA Common Stock Disposed to Issuer -40.8K -100% 0 Feb 9, 2024 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

John Schaible is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person owns a membership interest in Quantum Ventures LLC, which directly owns shares of the Issuer's common stock and, as a result thereof, the Reporting Person holds an indirect pecuniary interest in certain of the securities held by the Issuer.
F2 Pursuant to the Business Combination Agreement, dated November 16, 2022, as amended, by and among (i) the Issuer, (ii) Calculator New Pubco, Inc., a Delaware corporation and a wholly-owned Subsidiary of Issuer ("New Pubco"), (iii) Calculator Merger Sub 1, Inc., a Delaware corporation and a wholly-owned Subsidiary of New Pubco ("Merger Sub 1"), (iv) Calculator Merger Sub 2, Inc., a Delaware corporation and a wholly-owned Subsidiary of New Pubco, (v) AtlasClear, Inc., a Wyoming corporation, (vi) Atlas FinTech Holdings Corp, a Delaware corporation and (vii) Robert McBey, on February 9, 2024, the Issuer merged with and into Merger Sub 1, with Issuer surviving as a wholly-owned subsidiary of New Pubco (the "Business Combination"). As a result of the Business Combination, each issued and outstanding share of common stock of the Issuer was exchanged for one share of common stock of New PubCo.