DC Rainier SPV LLC - 07 Oct 2021 Form 4 Insider Report for Mount Rainier Acquisition Corp.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
12 Oct 2021, 06:19:57 UTC
Prior SEC filing
04 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
By: /s/ Mikhail Gurevich, Authorized Signatory

Key filing fact

DC Rainier SPV LLC filed Form 4 for Mount Rainier Acquisition Corp. on 12 Oct 2021.

Key facts

  • This page summarizes DC Rainier SPV LLC's Form 4 filing for Mount Rainier Acquisition Corp..
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 12 Oct 2021, 06:19.

Change

  • Previous filing in this sequence was filed on 04 Oct 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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

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

RNER transaction

Common Stock

Other

Transaction value
$0
Shares
+50,000
Change %
+1.7%
Price
$0.000000
Shares after
2,951,919
Date
07 Oct 2021
Ownership
Direct
Footnotes
F1, F2
RNER transaction

Common Stock

Purchase

Transaction value
Shares
+583,200
Change %
+20%
Price
Shares after
3,535,119
Date
07 Oct 2021
Ownership
Direct
Footnotes
F1, F3

Reported derivative securities

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

RNER transaction Derivative

Warrants to purchase Common Stock

Purchase

Transaction value
Shares
+583,200
Change %
Price
Shares after
583,200
Date
07 Oct 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
437,400
Exercise price
$11.50
Footnotes
F3, F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Dominion Capital LLC is the manager of DC Rainier SPV LLC, the sponsor (the "Sponsor") of Mount Rainier Acquisition Corp. (the "Company"). Dominion Capital Holdings LLC is the manager of Dominion Capital LLC. Mikhail and Gennadiy Gurevich are managing members of Dominion Capital Holdings LLC and as such have voting and investment control over the investments held by DC Rainier SPV LLC.

Footnote F2

Transfer pursuant to an agreement between A.G.P./Alliance Global Partners, the representative (the "Representative") in the Company's initial public offering (the "IPO") and the Sponsor, pursuant to which the Representative agreed to transfer 50,000 founder shares of common stock, par value $0.0001 ("Common Stock"), of the Company to the Sponsor upon the full exercise of the over-allotment option by the underwriters in the IPO. The over-allotment option was exercised in full, and the additional 50,000 shares of Common Stock were transferred, concurrently with the consummation of the IPO on October 7, 2021.

Footnote F3

These securities are held as units ("Units"), with each Unit consisting of one share of Common Stock and one warrant. Each warrant entitles the holder thereof to purchase three-fourths (3/4) of a share of Common Stock at a price of $11.50 per whole share, subject to adjustment. The Units were purchased for a total price of $5,832,000, or $10.00 per Unit.

Footnote F4

Each warrant becomes exercisable on the later of one year after the closing of the IPO or 30 days after the completion of an initial business combination.

Footnote F5

The warrants expire five years after the completion of an initial business combination, or earlier upon redemption, as described in the Company's prospectus filed with the SEC.

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