Annastasia Skilakos Seebohm - Jun 2, 2023 Form 4 Insider Report for Infinite Acquisition Corp. (NFNT)

Role
Former Director
Signature
/s/ Annastasia Skilakos
Stock symbol
NFNT
Transactions as of
Jun 2, 2023
Transactions value $
-$2,500,000
Form type
4
Date filed
6/2/2023, 04:33 PM
Previous filing
Nov 18, 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NFNT Class B ordinary shares Purchase -$2.5M -25K -100% $100.00* 0 Jun 2, 2023 Class A ordinary shares 25K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Annastasia Skilakos Seebohm is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-260699) under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into shares of Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination on a one-for-one basis, subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
F2 The reported transaction represents an exempt exercise of the option of Infinite Sponsor, LLC (the "Sponsor") to repurchase 25,000 Class B ordinary shares previously sold by Sponsor to the reporting person pursuant to the Securities Assignment Agreement, dated November 2, 2021, among the Sponsor, the issuer and the reporting person, which provided the Sponsor with an option to repurchase the Class B ordinary shares upon reporting persons' resignation from the issuer's board of directors prior to vesting.