Annastasia Skilakos Seebohm - 02 Jun 2023 Form 4 Insider Report for Infinite Acquisition Corp. (NFNT)

Role
Former Director
Signature
/s/ Annastasia Skilakos
Issuer symbol
NFNT
Transactions as of
02 Jun 2023
Net transactions value
-$2,500,000
Form type
4
Filing time
02 Jun 2023, 16:33:42 UTC
Previous filing
18 Nov 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 $2,500,000 -25,000 -100% $100.00* 0 02 Jun 2023 Class A ordinary shares 25,000 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.