SILVERspac Sponsor LLC - 09 Sep 2021 Form 3 Insider Report for SILVERspac Inc. (SLVR)

Role
Director, 10%+ Owner
Signature
SILVERspac Sponsor LLC, by /s/ Charles Federman, as Chief Executive Officer
Issuer symbol
SLVR
Transactions as of
09 Sep 2021
Net transactions value
$0
Form type
3
Filing time
09 Sep 2021, 19:47:02 UTC
Next filing
03 Oct 2023
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
holding SLVR Class B ordinary shares 09 Sep 2021 Class A ordinary shares 7,087,500 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As described in the issuer's registration statement on Form S-1 (File No. 333-253161) under the heading "Description of Securities--Founder Shares", Class B ordinary shares, par value $0.0001, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustment, and have no expiration date. Includes 937,500 Class B Ordinary Shares that are subject to forfeiture if the underwriter of the issuer's initial public offering does not exercise in full its option to purchase additional units.
F2 The reporting owner, SILVERspac Sponsor LLC (the "Sponsor"), in whose name the securities reported herein are held. The managing member of the Sponsor is SILVERspac Management LLC. The members of SILVERspac Management LLC are Mr. Charles Federman and Mr. Tal Kerret. Each of the Reporting Persons (other than the Sponsor) may be deemed a beneficial owner of shares held by the Sponsor but each disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein.

Remarks:

Mr. Charles Federman and Mr. Tal Kerret serve on the board of directors of the issuer. For the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, SILVERspac Management LLC may be deemed a director by deputization with respect to the issuer on the basis of the service of Mr. Charles Federman and Mr. Tal Kerret on the issuer's board of directors.