Surendra K. Ajjarapu - 07 Jun 2023 Form 4 Insider Report for Semper Paratus Acquisition Corp (TVGN)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
12 Jun 2023, 15:55:46 UTC
Prior SEC filing
24 Mar 2023
Next SEC filing
28 Aug 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Surendra Ajjarapu, by Nelson Mullins Riley & Scarborough LLP with Power of Attorney

Key filing fact

Surendra K. Ajjarapu filed Form 4 for Semper Paratus Acquisition Corp (TVGN) on 12 Jun 2023.

Key facts

  • This page summarizes Surendra K. Ajjarapu's Form 4 filing for Semper Paratus Acquisition Corp (TVGN).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 12 Jun 2023, 15:55.

Change

  • Previous filing in this sequence was filed on 24 Mar 2023.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing
This filing has been restated. Open the amended filing.

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

LGST transaction

Class A ordinary shares, par value $0.0001 per share

Award

Transaction value
Shares
+1,000,000
Change %
Price
Shares after
1,000,000
Date
07 Jun 2023
Ownership
By SSVK Associates, LLC
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

LGST transaction Derivative

Class B ordinary shares, par value $0.0001 per share

Award

Transaction value
Shares
+7,988,889
Change %
Price
Shares after
7,988,889
Date
07 Jun 2023
Ownership
By SSVK Associates, LLC
Underlying class
Class A ordinary shares, par value $0.0001 per share
Underlying amount
7,988,889
Exercise price
Footnotes
F2, F3, F4
LGST transaction Derivative

Warrants

Award

Transaction value
Shares
+500,000
Change %
Price
Shares after
500,000
Date
07 Jun 2023
Ownership
By SSVK Associates, LLC
Underlying class
Class A ordinary shares, par value $0.0001 per share
Underlying amount
500,000
Exercise price
$11.50
Footnotes
F2, F3, F5, F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

The Class A Ordinary shares are underlying the units (the "Private Placement Units"). As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.

Footnote F2

SSVK Associates, LLC the sponsor of the Issuer (the "Sponsor"), purchased all its interests in the Issuer, including certain other rights and obligations in accordance with a purchase agreement, dated as of May 4, 2023, entered into by and among, Reporting Person, the Issuer and other certain securityholders for an aggregate purchase price of $1 (one dollar) due on the date on which a business combination is completed.

Footnote F3

The securities are held directly by the Sponsor. Surendra Ajjarapu, the Issuer's Chairman and Chief Executive Officer is the manager of the Sponsor. Mr. Ajjarapu may be deemed to beneficially own the securities held by the Sponsor by virtue of his control over the Sponsor. Mr. Ajjarapu disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his respective pecuniary interest.

Footnote F4

As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities-Founder Shares", the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date.

Footnote F5

The Warrants are underlying the Private Placement Units. As described in the Issuer's registration statement on Form S-1 (No. 333-260113) under the heading "Description of Securities - Units" each Private Placement Unit consists of one share of the Issuer's Class A ordinary shares and one-half of one redeemable warrant.

Footnote F6

The Warrants will become exercisable upon the later of 12 months from the closing of the Issuer's initial public offering and 30 days after the completion of the Issuer's initial business combination.

Footnote F7

The Warrants will expire five years after the completion of the Issuer's business combination or earlier upon redemption or liquidation.

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