Key facts
- This page summarizes Rick Matthew Gerson's Form 4 filing for Frontier Acquisition Corp..
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 20 Mar 2023, 16:53.
Rick Matthew Gerson - 16 Mar 2023 Form 4 Insider Report for Frontier Acquisition Corp.
- Reporting relationship
- Director, Other*, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 16 Mar 2023
- Net transaction value
- -$24,480,000
- SEC form
- 4
- Accepted by SEC
- 20 Mar 2023, 16:53:07 UTC
- Prior SEC filing
- 19 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- Rick Gerson: By: /s/ Scott Carpenter, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Rick Matthew Gerson filed Form 4 for Frontier Acquisition Corp. on 20 Mar 2023.
Change
- Previous filing in this sequence was filed on 19 Jan 2023.
- Current net transaction value: -$24,480,000.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FRONU
transaction
Class A ordinary shares
Disposed to Issuer
- Transaction value
- $0
- Shares
- -660,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Mar 2023
- Ownership
- Direct
- Footnotes
- F1
FRONU
transaction
Class A ordinary shares
Disposed to Issuer
- Transaction value
- $24,480,000
- Shares
- -2,400,000
- Change %
- -100%
- Price
- $10.20
- Shares after
- 0
- Date
- 16 Mar 2023
- Ownership
- By Alpha Wave Ventures, LP
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FRONU
transaction
Derivative
Class B ordinary shares
Disposed to Issuer
- Transaction value
- $0
- Shares
- -120,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 16 Mar 2023
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 120,000
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Rick Matthew Gerson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
In connection with the liquidation and dissolution of the Issuer, Frontier Acquisition Sponsor LLC ("Sponsor") surrendered to the Issuer, for no consideration, 660,000 of the Issuer's Private Placement Units (which include the reported Class A ordinary shares) directly held by Sponsor. Sponsor is controlled by Rick Gerson.
Footnote F2
The reported securities were redeemed by the Issuer pursuant to a redemption of all Class A ordinary shares in connection with the Issuer's liquidation. The reported securities were directly held by Alpha Wave Ventures, LP, an investment entity managed by Alpha Wave Global, LP ("Alpha Wave"). Rick Gerson is the Chairman and Chief Investment Officer of Alpha Wave.
Footnote F3
As described in the Issuer's registration statement on Form S-1 (File No. 333-253264) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares would have automatically converted into Class A ordinary shares of the Issuer 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. In connection with the liquidation and dissolution of the Issuer, each of Jonathan Christodoro, Peter Attia, and David A. Sinclair surrendered to the Issuer, for no consideration, 40,000 Class B ordinary shares directly held by such reporting persons.
SEC remarks
After giving effect to the Issuer's delisting and deregistration, the Reporting Persons will no longer be subject to Section 16 reporting obligations.