PFTA I LP - 05 Aug 2021 Form 4 Insider Report for PORTAGE FINTECH ACQUISITION CORP.

Role
10%+ Owner
Signature
/s/ Sacha Haque, as Director of PFTA I GP, Inc., General Partner of PFTA I LP
Issuer symbol
N/A
Transactions as of
05 Aug 2021
Net transactions value
$0
Form type
4
Filing time
09 Aug 2021, 16:16:02 UTC
Previous filing
21 Jul 2021
Next filing
24 Jul 2023
SEC
View on sec.gov

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
transaction PFTA Class B Ordinary Shares Other -422,155 -6.3% 6,322,845 05 Aug 2021 Class A Ordinary Shares 422,155 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 issuer's registration statement on Form S-1 (File No. 333-257185) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share (the "Class B ordinary shares"), will automatically convert into Class A ordinary shares, par value $0.0001 per share at the time of the issuer's initial business combination, or earlier at the option of the holder, 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 This Form 4 reflects the cancellation by the issuer of 422,155 Class B ordinary shares, which were automatically surrendered to the issuer for no consideration by the reporting person pursuant to contractual arrangements with the issuer, triggered by the partial forfeiture by the underwriters of the issuer's initial public offering to exercise their option to purchase additional units.
F3 This Form 4 is being filed by PFTA I LP (the "Sponsor"). The Sponsor is controlled by PFTA I GP, Inc. (the "General Partner"), its general partner. Accordingly, all of the shares held by the Sponsor may be deemed to be beneficially held by the General Partner.