Key facts
- This page summarizes World Quantum Growth Acquisition LLC's Form 4 filing for World Quantum Growth Acquisition Corp..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 24 Sep 2021, 14:46.
World Quantum Growth Acquisition LLC - 24 Sep 2021 Form 4 Insider Report for World Quantum Growth Acquisition Corp.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 24 Sep 2021
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 24 Sep 2021, 14:46:56 UTC
- Prior SEC filing
- 12 Aug 2021
- Next SEC filing
- 03 Mar 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Serge Harry, as Authorized Signatory
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
World Quantum Growth Acquisition LLC filed Form 4 for World Quantum Growth Acquisition Corp. on 24 Sep 2021.
Change
- Previous filing in this sequence was filed on 12 Aug 2021.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WQGA
transaction
Derivative
Class B ordinary shares
Other
- Transaction value
- Shares
- -651,250
- Change %
- -11%
- Price
- Shares after
- 5,023,750
- Date
- 24 Sep 2021
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 651,250
- 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
Explanation of responses 3 footnotes
Footnote F1
This Form 4 reflects the automatic surrender to World Quantum Growth Acquisition Corp. (the "Issuer") of 651,250 shares of the Issuer's Class B ordinary shares, par value $0.0001 per share, for no consideration by the reporting person pursuant to contractual arrangements with the Issuer, triggered by the election by the underwriter of the Issuer's initial public offering to partially exercise its option to purchase additional units.
Footnote F2
As described in the Issuer's registration statement on Form S-1 (File No. 333-255890) under the heading "Description of Securities-Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, 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.
Footnote F3
The reporting person is controlled by a four-member board of managers composed of Xavier Rolet, Serge Harry, Antoine Shagoury and Michel Brogard. The approval of a majority of the managers is required to approve an action of the reporting person. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the reporting person. Based upon the foregoing analysis, no individual manager of the reporting person exercises voting or dispositive control over any of the securities held by the reporting, even those in which such manager holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such securities.