XPAC Sponsor LLC - 27 Jul 2023 Form 4/A - Amendment Insider Report for XPAC Acquisition Corp.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4/A - Amendment
Accepted by SEC
27 Jul 2023, 16:26:54 UTC
Original report date
20 Aug 2021
Prior SEC filing
20 Aug 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
XPAC Sponsor LLC, By: /s/ Chu Chiu Kong, as Manager

Key filing fact

XPAC Sponsor LLC filed Form 4/A - Amendment for XPAC Acquisition Corp. on 27 Jul 2023.

Key facts

  • This page summarizes XPAC Sponsor LLC's Form 4/A - Amendment filing for XPAC Acquisition Corp..
  • 1 reported transaction and 1 derivative row are listed below.
  • Accepted by SEC: 27 Jul 2023, 16:26.

Change

  • Previous filing in this sequence was filed on 20 Aug 2021.
  • Current net transaction value: -$264,017.

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/A - Amendment disclosures.

View source filing

Reported derivative securities

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

ZLS transaction Derivative

Class B ordinary shares

Sale

Transaction value
$264,017
Shares
-4,400,283
Change %
-81%
Price
$0.0600
Shares after
1,000,000
Date
27 Jul 2023
Ownership
Direct
Underlying class
Class A ordinary shares
Underlying amount
4,400,283
Exercise price
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

XPAC Sponsor LLC 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

On July 27, 2023, the issuer's name was changed from XPAC Acquisition Corp. to Zalatoris II Acquisition Corp. As described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Founder Shares," the Class B ordinary shares, par value $0.0001 per share, of the issuer ("Class B ordinary shares") will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer ("Class A ordinary shares") 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 certain adjustment, and have no expiration date.

Footnote F2

As disclosed in a Current Report on Form 8-K filed by the issuer on July 27, 2023, on July 27, 2023, XPAC Sponsor LLC (the "Sponsor") transferred to J. Streicher Holdings, LLC (i) 4,400,283 Class B ordinary shares, and (ii) 4,261,485 private placement warrants issued by the issuer and convertible into 4,261,485 Class A ordinary shares in certain circumstances described in the issuer's registration statement on Form S-1 (File No. 333-256097) under the heading "Description of Securities--Redeemable Warrants--Private Placement Warrants".

Footnote F3

The Sponsor is the record holder of the Class B ordinary shares reported herein. The sole member of the Sponsor, XP Inc., by virtue of its control over the Sponsor, may be deemed to beneficially own shares held by the Sponsor.

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