Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | TRIS | Class B Ordinary Shares | Jul 18, 2023 | Class A Ordinary Shares | 2.19M | Direct | F1, F2 | |||||||
holding | TRIS | Class B Ordinary Shares | Jul 18, 2023 | Class A Ordinary Shares | 715K | See footnote | F1, F3 |
Id | Content |
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F1 | As described in the Issuer's registration statement on Form S-1 (File No. 333-255009), the Class B ordinary shares will automatically convert into Class A ordinary shares (a) automatically at the time of the registrant's initial business combination and (b) at any time and from time to time at the option of the holders thereof. Such conversion will be on a one-for-one basis, subject to adjustment as described therein, and the Class B ordinary shares have no expiration date. |
F2 | These shares were acquired by Chunyi Hao pursuant to (i) a securities purchase agreement, dated as of July 18, 2023, by and between the Issuer, Tristar Holdings I LLC ("Prior Sponsor") and Navy Sail International Limited ("Navy Sail") and its designees (the "Securities Purchase Agreement") and (ii) founder share transfer agreements, each dated as of July 18, 2023, by and between Mr. Hao and each holder of Class B ordinary shares other than Prior Sponsor. |
F3 | These shares are held of record by Navy Sail. Navy Sail acquired such shares from Prior Sponsor pursuant to the Securities Purchase Agreement. Mr. Hao is the sole shareholder and director of Navy Sail and as such, he has voting and investment discretion with respect to the shares held by Navy Sail. Accordingly, Mr. Hao may be deemed to have beneficial ownership of the shares held by Navy Sail. 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. |