4//SEC Filing
10X Capital SPAC Sponsor I LLC 4
Accession 0001213900-21-038766
CIK 0001821595other
Filed
Jul 25, 8:00 PM ET
Accepted
Jul 26, 9:14 PM ET
Size
12.6 KB
Accession
0001213900-21-038766
Insider Transaction Report
Form 4
10X Capital SPAC Sponsor I LLC
Director10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2021-07-22−7,931,250→ 0 total - Exercise/Conversion
Class B Common Stock
2021-07-22−5,031,250→ 0 total→ Class A Common Stock (7,931,250 underlying) - Exercise/Conversion
Class A Common Stock
2021-07-22+7,931,250→ 7,931,250 total - Award
Warrants
2021-07-22+5,500,000→ 5,500,000 totalExercise: $11.50From: 2021-08-21Exp: 2026-07-22→ Class A Common Stock (2,250,000 underlying)
Footnotes (4)
- [F1]On July 22, 2021 (the "Closing Date"), 10X Capital Venture Acquisition Corp., a Delaware corporation ("10X Capital"), and REE Automotive Ltd., a company organized under the laws of the State of Israel ("REE"), consummated their previously announced business combination (the "Business Combination") pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), by and among 10X Capital, REE and Spark Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of REE. On the Closing Date, pursuant to the terms of the Merger Agreement, each outstanding share of Class B common stock of 10X Capital converted into shares of Class A common stock of 10X Capital at a conversion ratio of 1.5763975 shares of Class B common stock for each share of Class A common stock.
- [F2]Pursuant to the terms of the Merger Agreement, on the Closing Date, each outstanding share of Class A common stock of 10X Capital following the conversion described in footnote 1 above converted into the right to receive one newly issued Class A ordinary share of REE.
- [F3]Pursuant to the terms thereof, the exercisability of the warrants was subject to the completion of the Business Combination. The warrants will become exercisable 30 days after the Closing Date.
- [F4]10X Capital SPAC Sponsor I LLC (the "Sponsor") is the record holder of the securities reported herein. Hans Thomas is the managing member of the Sponsor. Mr. Thomas has voting and investment discretion with respect to the securities held of record by the Sponsor.
Documents
Issuer
10X Capital Venture Acquisition Corp
CIK 0001821595
Entity typeother
Related Parties
1- filerCIK 0001828671
Filing Metadata
- Form type
- 4
- Filed
- Jul 25, 8:00 PM ET
- Accepted
- Jul 26, 9:14 PM ET
- Size
- 12.6 KB