4//SEC Filing
ExcelFin SPAC LLC 4
Accession 0001104659-23-112062
CIK 0001852749other
Filed
Oct 26, 8:00 PM ET
Accepted
Oct 27, 11:33 AM ET
Size
10.1 KB
Accession
0001104659-23-112062
Insider Transaction Report
Form 4
ExcelFin SPAC LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2023-10-25$10.00/sh+5,750,000$57,500,000→ 5,750,000 total
Grand Fortune Capital, LLC
10% Owner
Transactions
- Conversion
Class A Common Stock
2023-10-25$10.00/sh+5,750,000$57,500,000→ 5,750,000 total
Grand Fortune Capital (HK) Co Ltd
10% Owner
Transactions
- Conversion
Class A Common Stock
2023-10-25$10.00/sh+5,750,000$57,500,000→ 5,750,000 total
Footnotes (3)
- [F1]Shares of Class B common stock automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, or earlier at the option of the Reporting Person, 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. On October 25, 2023, ExcelFin SPAC LLC elected to convert all 5,750,000 shares of Class B common into an equal number of shares of Class A common stock.
- [F2]Grand Fortune Capital, LLC ("GFC") is the manager of the Reporting Person. As such, GFC may be deemed to have beneficial ownership over the number of shares of Class A common stock held directly by the Reporting Person corresponding to its membership interests in the Reporting Person. Each of the Reporting Person and GFC disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein.
- [F3]Grand Fortune Capital (HK) Company Ltd. ("GFCHK") controls GFC and is managed by an investment committee ("GFCHK Investment Committee") consisting of three members, Goh Lin Piao, James Ouyang and Ralph Cho. Any action by GFC, including voting and dispositive decisions, requires at least a majority vote of the members of the GFCHK Investment Committee. Each member of the GFCHK Investment Committee disclaims beneficial ownership of the shares held by GFC.
Documents
Issuer
ExcelFin Acquisition Corp.
CIK 0001852749
Entity typeother
Related Parties
1- filerCIK 0001887711
Filing Metadata
- Form type
- 4
- Filed
- Oct 26, 8:00 PM ET
- Accepted
- Oct 27, 11:33 AM ET
- Size
- 10.1 KB