Li Sin Tan - 16 Nov 2021 Form 3 Insider Report for Energem Corp (GTI)

Role
Director
Signature
/s/ Li Sin Tan
Issuer symbol
GTI
Transactions as of
16 Nov 2021
Net transactions value
$0
Form type
3
Filing time
17 Nov 2021, 20:59:25 UTC

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 ENCP Class B ordinary shares 16 Nov 2021 Class A ordinary shares 2,862,500 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the registration statement on Form S-1 (File No. 333-259443) under the heading "Description of Securities--Founder Shares and Placement Shares," the shares of Class B common shares, par value $0.0001 per share, of Energem Corp, a Cayman Island exempted company (the "Issuer"), will automatically convert into shares of Class A common stock, par value $0.0001 per share, of the Issuer at the time of the Issuer's initial business combination, on a one-for-one basis, subject to adjustment for share splits, share dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 These shares represent 2,875,000 shares of Class B common stock held by Energem LLC (the "Sponsor") acquired pursuant to a certain securities subscription Agreement dated as of August 16, 2021, by and between the Sponsor and the registrant (the "Subscription Agreement").
F3 The shares of Class B common stock owned by the Reporting Person include up to 375,000 shares that are subject to forfeiture to the extent the underwriters of the initial public offering of the Issuer's securities do not exercise in full their over-allotment option as described in the Issuer's registration statement.

Remarks:

Executive Director