3//SEC Filing
AKICV LLC 3
Accession 0001213900-21-000511
CIK 0001826574other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:57 PM ET
Size
5.8 KB
Accession
0001213900-21-000511
Insider Transaction Report
Form 3
AKICV LLC
10% Owner
Holdings
Class B Ordinary Shares
→ Class A Ordinary Shares (5,750,000 underlying)
Footnotes (3)
- [F1]As described in the issuer's registration statement on Form S-1 (File No. 333-249392) under the heading "Description of Securities--Founder Shares", Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein and have no expiration date.
- [F2]These shares represent Class B ordinary shares held by AKICV LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor includes up to 750,000 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option as described in the issuer's registration statement.
- [F3]Alan Kestenbaum, the Chief Executive Officer and a Director of the issuer, and Robert Tilliss, the Chief Financial Officer, President and a Director of the issuer, are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of Messrs. Kestenbaum and Tilliss may be deemed to share beneficial ownership of Class B ordinary shares held directly by the Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
Documents
Issuer
Sports Ventures Acquisition Corp.
CIK 0001826574
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001826573
Filing Metadata
- Form type
- 3
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:57 PM ET
- Size
- 5.8 KB