Page 9 of 11 – SEC Filing
| CUSIP No. 45074Q207 | Schedule 13G | Page 10 of 13 Pages |
| (b) | Percent of class: | 8.00% |
| (c) | Number of shares as to which the person has: | |
| (i) | Sole power to vote or direct the vote: | 0 | |
| (ii) | Shared power to vote or direct the vote: | 400,000 | |
| (iii) | Sole power to dispose or direct the disposition of: | 0 | |
| (iv) | Shared power to dispose or direct the disposition of: | 400,000 |
Shawn Kimel
| (a) | Amount beneficially owned: | 400,000 |
| (b) | Percent of class: | 8.00% |
| (c) | Number of shares as to which the person has: | |
| (i) | Sole power to vote or direct the vote: | 0 | |
| (ii) | Shared power to vote or direct the vote: | 400,000 | |
| (iii) | Sole power to dispose or direct the disposition of: | 0 | |
| (iv) | Shared power to dispose or direct the disposition of: | 400,000 |
Shawn Kimel Investments, Inc.
| (a) | Amount beneficially owned: | 400,000 |
| (b) | Percent of class: | 8.00% |
| (c) | Number of shares as to which the person has: | |
| (i) | Sole power to vote or direct the vote: | 0 | |
| (ii) | Shared power to vote or direct the vote: | 400,000 | |
| (iii) | Sole power to dispose or direct the disposition of: | 0 | |
| (iv) | Shared power to dispose or direct the disposition of: | 400,000 |
K2 & Associates Investment Management Inc..
| (a) | Amount beneficially owned: | 400,000 |
| (b) | Percent of class: | 8.00% |
| (c) | Number of shares as to which the person has: | |
| (i) | Sole power to vote or direct the vote: | 0 | |
| (ii) | Shared power to vote or direct the vote: | 400,000 | |
| (iii) | Sole power to dispose or direct the disposition of: | 0 | |
| (iv) | Shared power to dispose or direct the disposition of: | 400,000 |
400,000 shares of the Issuer’s Units are held of record (and may be deemed to be beneficially owned) by The K2 Principal Fund, L.P. See Item 2(a) above for a description of the corporate structure of the Reporting Persons. Each of the Reporting Persons may be deemed to be beneficial owners of the 400,000 shares of the Issuer’s Units that are held by The K2 Principal Fund, L.P. Mr. Shawn Kimel is president of each of SKI, the GP, GenPar 2009 and K2 and Associates, and exercises ultimate voting and investment powers over the 400,000 shares of the Issuer’s Units that are held of record by The K2 Principal Fund, L.P
The percentages used in this Schedule 13G are calculated based upon 5,000,000 units issued and outstanding as of August 22, 2017, as reported in the companies 8-K filed with the SEC on August 28, 2017.
On August 22, 2017, I-AM Capital Acquisition Company (the “Company”) consummated its initial public offering (“IPO”) of 5,000,000 units (“Units”), each Unit consisting of one share of common stock, $0.0001 par value per share (“Common Stock”), one right entitling the holder thereof to receive one-tenth (1/10) of one share of Common Stock upon the consummation of an initial business combination, and one warrant to purchase one share of Common Stock, pursuant to the registration statement on Form S-1 (File No. 333-219251). The Units were sold at an offering price of $10.00 per Unit, generating gross proceeds of $50,000,000. The Company has granted the underwriters a 45-day option to purchase up to 750,000 additional Units to cover over-allotments, if any.
Item 5. Ownership
of Five Percent or Less of a Class.
If this statement
is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more
than five percent of the class of securities, check the following ¨.
Item 6. Ownership
of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification
and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
Not applicable.
Item 8. Identification
and Classification of Members of the Group.
Not applicable.
