Swee Guan Hoo - Nov 16, 2021 Form 3 Insider Report for Energem Corp (ENCP)

Role
Chief Executive Officer, Director
Signature
/s/ Swee Guan Hoo
Stock symbol
ENCP
Transactions as of
Nov 16, 2021
Transactions value $
$0
Form type
3
Date filed
11/17/2021, 08:59 PM

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 Nov 16, 2021 Class A ordinary shares 2.86M 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 ordinary shares, par value $0.0001 per share, of Energem Corp. (the "Issuer") will automatically convert into shares of Class A ordinary shares, 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:

Chief Executive Officer & Director