Key facts
- This page summarizes SILVERspac Sponsor LLC's Form 4 filing for SILVERspac Inc. (SLVR).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 03 Oct 2023, 16:59.
SILVERspac Sponsor LLC - 29 Sep 2023 Form 4 Insider Report for SILVERspac Inc. (SLVR)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- SLVR
- Reported as of
- 29 Sep 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 03 Oct 2023, 16:59:52 UTC
- Prior SEC filing
- 09 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- SILVERspac Sponsor LLC, by /s/ Charles Federman, as Chief Executive Officer
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
SILVERspac Sponsor LLC filed Form 4 for SILVERspac Inc. (SLVR) on 03 Oct 2023.
Change
- Previous filing in this sequence was filed on 09 Sep 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.
SLVR
transaction
Derivative
Class B Ordinary Shares
Disposed to Issuer
- Transaction value
- Shares
- -6,124,999
- Change %
- -100%
- Price
- Shares after
- 1
- Date
- 29 Sep 2023
- Ownership
- Direct
- Underlying class
- Class A Ordinary Shares
- Underlying amount
- 6,124,999
- 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
SILVERspac 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
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date.
Footnote F2
On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 6,124,999 Class B Ordinary Shares for no consideration.
Footnote F3
The reporting owner, SILVERspac Sponsor LLC (the "Sponsor"), in whose name the securities reported herein are held. The managing member of the Sponsor is SILVERspac Management LLC. The members of SILVERspac Management LLC are Mr. Charles Federman and Mr. Tal Kerret. Each of the Reporting Persons (other than the Sponsor) may be deemed a beneficial owner of shares held by the Sponsor but each disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.
SEC remarks
Mr. Charles Federman and Mr. Tal Kerret serve on the board of directors of the issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, SILVERspac Management LLC may be deemed a director by deputization with respect to the issuer on the basis of the service of Mr. Charles Federman and Mr. Tal Kerret on the issuer's board of directors.After giving effect to the Issuer's delisting and deregistration, the Reporting Person will no longer be subject to Section 16 reporting obligations.