Key facts
- This page summarizes McLaren Technology Acquisition Sponsor LLC's Form 4 filing for McLaren Technology Acquisition Corp..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 09 Nov 2021, 19:19.
McLaren Technology Acquisition Sponsor LLC - 05 Nov 2021 Form 4 Insider Report for McLaren Technology Acquisition Corp.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 05 Nov 2021
- Net transaction value
- +$81,785,468,750,000
- Reporting owner signature
- /s/ Sajan Pillai, Authorized Signatory of McLaren Technology Acquisition Sponsor LLC
Source evidence
Original filing metadata and source links for verification.
3 source fields
Reporting owner
1 detail
Key filing fact
McLaren Technology Acquisition Sponsor LLC filed Form 4 for McLaren Technology Acquisition Corp. on 09 Nov 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: +$81,785,468,750,000.
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.
MLAIU
transaction
Class B Common Stock
Other
- Transaction value
- $117,031,250,000
- Shares
- -4,681,250
- Change %
- -50%
- Price
- $25000.00*
- Shares after
- 4,681,250
- Date
- 05 Nov 2021
- Ownership
- Direct
- Footnotes
- F1, F2, F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MLAIU
transaction
Derivative
Warrants
Other
- Transaction value
- $81,902,500,000,000
- Shares
- +9,050,000
- Change %
- Price
- $9050000.00*
- Shares after
- 9,050,000
- Date
- 05 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 9,050,000
- Exercise price
- $11.50
- Footnotes
- F4, 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
As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
Footnote F2
These shares represent shares of Class B Common Stock held by McLaren Technology Acquisition Sponsor LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer, dated as of March 9, 2021.
Footnote F3
As contemplated in connection with the initial public offering of the Issuer, (i) 300,000 shares of Class B Common Stock were returned by the Sponsor to the Issuer for no consideration and cancelled and (ii) 50,000 shares of Class B Common Stock were transferred from the Sponsor to Mizuho Securities USA LLC, leaving the Sponsor with 4,681,250 shares of Class B Common Stock.
Footnote F4
These warrants are held by the Sponsor and were purchased by the Sponsor on a private placement basis pursuant to a private placement warrants purchase agreement, dated November 2, 2021, in connection with the Issuer's initial public offering.
Footnote F5
Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.
Footnote F6
Each warrant will expire five years after the completion of the Issuer's initial business combination.
Footnote F7
McLaren Strategic Ventures Holdings, Inc. is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, it may be deemed to share beneficial ownership of the securities of the Issuer held directly by the Sponsor.