Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTII | Class A Common Stock | Conversion of derivative security | $0 | +10K | $0.00 | 10K | Feb 4, 2025 | Direct | F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | FTII | Class B Common Stock | Conversion of derivative security | $0 | -10K | -100% | $0.00 | 0 | Feb 4, 2025 | Class A Common Stock | 10K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | The shares of Class B Common Stock have no expiration date and are convertible into shares of Class A Common Stock on a one-to-one basis at the election of the holder of such shares of Class B Common Stock at any time prior to the closing of an initial business combination or otherwise automatically convert into shares of Class A Common Stock at the time of the issuer's initial business combination on a one-for-one basis. |
F2 | The Reporting Person elected to convert all of his 10,000 shares of Class B Common Stock to 10,000 shares of Class A Common Stock on or about November 22, 2024, and on February 4, 2025, the issuer and the Reporting Person effected such conversion by sending required instruction documents to the transfer agent to cancel 10,000 shares of Class B Common Stock held by the Reporting Person and issue 10,000 shares of Class A Common Stock bearing the same restrictive legends to the Reporting Person. |