4//SEC Filing
Balkin Marc Gregory 4
Accession 0001104659-24-004171
CIK 0001849475other
Filed
Jan 15, 7:00 PM ET
Accepted
Jan 16, 5:20 PM ET
Size
9.0 KB
Accession
0001104659-24-004171
Insider Transaction Report
Form 4
Balkin Marc Gregory
DirectorChief Executive Officer
Transactions
- Other
Class A Ordinary Shares, par value $0.0001
2024-01-10+7,455,000→ 7,455,000 total(indirect: See Footnote) - Other
Private Warrants
2024-01-10+460,000→ 460,000 total(indirect: See Footnote)Exercise: $11.50Exp: 2029-01-22→ Ordinary Shares (460,000 underlying)
Footnotes (4)
- [F1]On January 10, 2024, Mr. Balkin was appointed as managing member of Newcourt SPAC Sponsor LLC (the "Sponsor").
- [F2]Represents (i) 6,535,000 Class B ordinary shares of the issuer that were acquired by the Sponsor pursuant to a subscription agreement by and between the Sponsor and the issuer prior to the issuer's initial public offering, and (ii) 920,000 Class A ordinary shares of the issuer purchased by the Sponsor in a private placement that closed simultaneously with the issuer's initial public offering. On October 20, 2023, the Sponsor elected to convert its Class B ordinary shares into Class A ordinary shares on a one-for-one basis. As a result, 6,535,000 of the Company's Class B ordinary shares were cancelled and 6,535,000 Class A Shares were issued to the Sponsor.
- [F3]Mr. Balkin is sole managing member of the Sponsor and may be deemed to hold beneficial ownership of the securities held directly by the Sponsor.
- [F4]These private placement warrants were acquired by the Sponsor in a private placement that closed simultaneously with the issuer's initial public offering. The warrants may be exercised commencing 30 days after the consummation of the Business Combination.
Documents
Issuer
Newcourt Acquisition Corp
CIK 0001849475
Entity typeother
Related Parties
1- filerCIK 0001859848
Filing Metadata
- Form type
- 4
- Filed
- Jan 15, 7:00 PM ET
- Accepted
- Jan 16, 5:20 PM ET
- Size
- 9.0 KB