Key facts
- This page summarizes Infinite Sponsor, LLC's Form 4 filing for Infinite Acquisition Corp..
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 02 Jun 2023, 16:32.
Infinite Sponsor, LLC - 02 Jun 2023 Form 4 Insider Report for Infinite Acquisition Corp.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 02 Jun 2023
- Net transaction value
- +$2,500,000
- SEC form
- 4
- Accepted by SEC
- 02 Jun 2023, 16:32:09 UTC
- Prior SEC filing
- 16 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Rich Kleiman, as authorized signatory
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Infinite Sponsor, LLC filed Form 4 for Infinite Acquisition Corp. on 02 Jun 2023.
Change
- Previous filing in this sequence was filed on 16 Feb 2022.
- Current net transaction value: +$2,500,000.
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 derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
NFNT
transaction
Derivative
Class B ordinary shares
Conversion of derivative security
- Transaction value
- $2,500,000
- Shares
- +25,000
- Change %
- +0.36%
- Price
- $100.00*
- Shares after
- 6,925,000
- Date
- 02 Jun 2023
- Ownership
- Direct
- Underlying class
- Class A ordinary shares
- Underlying amount
- 25,000
- 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
The reported transaction represents the exempt exercise of an option to repurchase 25,000 Class B ordinary shares, par value $0.0001 (the "Class B Shares") previously sold by Infinite Sponsor, LLC (the "Sponsor") to Annastasia Skilakos Seebohm pursuant to that certain Securities Assignment Agreement dated November 2, 2021 among the Sponsor, the issuer and Annastasia Skilakos Seebohm, which provided the Sponsor with an option to repurchase the Class B Shares upon Annastasia Skilakos' resignation from the issuer's board of directors prior to vesting.
Footnote F2
As described in the issuer's registration statement on Form S-1 (File No. 333-260699) (the "Registration Statement") under the heading "Description of Securities--Founder Shares", the Class B 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 the record holder of the Class B Shares. The reporting person is governed by a board consisting of four managers. Each manager has one vote, and the approval of a majority of the managers is required to approve an action on behalf of the reporting person.