4//SEC Filing
McLaren Technology Acquisition Sponsor LLC 4
Accession 0001213900-21-057865
CIK 0001851625other
Filed
Nov 8, 7:00 PM ET
Accepted
Nov 9, 8:19 PM ET
Size
11.1 KB
Accession
0001213900-21-057865
Insider Transaction Report
Form 4
Transactions
- Other
Class B Common Stock
2021-11-05$25000.00/sh−4,681,250$117,031,250,000→ 4,681,250 total - Other
Warrants
2021-11-05$9050000.00/sh+9,050,000$81,902,500,000,000→ 9,050,000 totalExercise: $11.50→ Common Stock (9,050,000 underlying)
Footnotes (7)
- [F1]As described in the Issuer's registration statement on Form S-1 (File No. 333-259339) (the "Registration Statement") under the heading "Description of Securities," the shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock") of the Issuer, will automatically convert into shares of Class A common stock, par value $0.0001 per share, at the time of the Issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein.
- [F2]These shares represent shares of Class B Common Stock held by McLaren Technology Acquisition Sponsor LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer, dated as of March 9, 2021.
- [F3]As contemplated in connection with the initial public offering of the Issuer, (i) 300,000 shares of Class B Common Stock were returned by the Sponsor to the Issuer for no consideration and cancelled and (ii) 50,000 shares of Class B Common Stock were transferred from the Sponsor to Mizuho Securities USA LLC, leaving the Sponsor with 4,681,250 shares of Class B Common Stock.
- [F4]These warrants are held by the Sponsor and were purchased by the Sponsor on a private placement basis pursuant to a private placement warrants purchase agreement, dated November 2, 2021, in connection with the Issuer's initial public offering.
- [F5]Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or November 5, 2022.
- [F6]Each warrant will expire five years after the completion of the Issuer's initial business combination.
- [F7]McLaren Strategic Ventures Holdings, Inc. is the managing member of the Sponsor and has voting and investment discretion with respect to the securities held by the Sponsor. As such, it may be deemed to share beneficial ownership of the securities of the Issuer held directly by the Sponsor.
Documents
Issuer
McLaren Technology Acquisition Corp.
CIK 0001851625
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001851624
Filing Metadata
- Form type
- 4
- Filed
- Nov 8, 7:00 PM ET
- Accepted
- Nov 9, 8:19 PM ET
- Size
- 11.1 KB