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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Private Rights | (1) | 11/25/2019 | M | 362,370 | (3) | (4) | Common Stock | 36,237 | $ 10 (5) | 0 | I | By GigAcquisitions, LLC (see note below) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Katz Avi S C/O GIGCAPITAL2, INC. 2479 E. BAYSHORE RD., SUITE 200 PALO ALTO, CA 94303 |
X | X | ||
GigAcquisitions, LLC C/O GIGCAPITAL2, INC. 2479 E. BAYSHORE RD., SUITE 200 PALO ALTO, CA 94303 |
X |
/s/ Avi S. Katz, individually | 11/27/2019 | |
**Signature of Reporting Person | Date | |
Avi S. Katz, as Manager of GigAcquisitions, LLC | 11/27/2019 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | As previously disclosed, the private rights entitled the holder to receive 1/10th of a share of Common Stock upon consummation of the Company's initial business combination without paying any additional consideration. |
(2) | The Common Stock and Private Rights are held directly by GigAcquisitions, LLC (the "Sponsor"). The Common Stock held by the Sponsor is beneficially owned by Dr. Avi S. Katz, the Chairman of the Board of Directors following the consummation of the business combination. Dr. Katz is also the Manager of the Sponsor, who has sole voting and dispositive power over all securities held by the Sponsor. |
(3) | As previously disclosed, upon the consummation of the Company's initial business combination. |
(4) | As previously disclosed, if the Company was unable to complete its initial business combination in the allotted time period the Private Rights would have expired worthless. |
(5) | As previously disclosed, $10.00 was the price per Private Unit, with each Private Unit consisting of (i) one share of Common Stock, (ii) 3/4ths of a Private Warrant exercisable at price of $11.50 per whole share of Common Stock, and (iii) one Private Right which entitled the holder to receive 1/10th of one share of Common Stock upon the consummation of the Company's business combination. |