Filing Details
- Accession Number:
- 0001094891-16-000540
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-06-30 07:59:14
- Reporting Period:
- 2016-06-30
- Filing Date:
- 2016-06-30
- Accepted Time:
- 2016-06-30 07:59:14
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1622577 | Arowana Inc. | ARWA | Blank Checks (6770) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1641024 | Kevin Chin | C/O Arowana Inc. Level 11, 153 Walker Street North Sydney C3 NSW 2060 | Chairman And Ceo | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Acquisiton | 2016-06-30 | 408,878 | $0.01 | 1,236,857 | No | 4 | P | Indirect | by The Panaga Group Trust |
| Ordinary Shares | Acquisiton | 2016-06-30 | 56,000 | $10.00 | 179,281 | No | 4 | P | Indirect | by The Panaga Group Trust |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | by The Panaga Group Trust |
| No | 4 | P | Indirect | by The Panaga Group Trust |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Ordinary Share | Right to Receive Ordinary Share | Acquisiton | 2016-06-30 | 56,000 | $10.00 | 5,600 | $0.00 |
| Ordinary Share | Redeemable Warrant | Acquisiton | 2016-06-30 | 56,000 | $10.00 | 28,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 179,281 | No | 4 | P | Indirect | ||
| 179,281 | No | 4 | P | Indirect |
Footnotes
- Mr. Chin is a beneficiary of The Panaga Group Trust and one of the directors of the corporate trustee of such fund. Accordingly, he may be deemed to have voting and dispositive power over the shares held by this entity. Mr. Chin disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Chin is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- Represents securities underlying units of the Issuer ("Unit"). Each Unit consists of one ordinary share, one right ("Right") to receive one-tenth of one ordinary share upon the consummation of the Issuer's initial business combination and one redeemable warrant ("Warrant") entitling the holder to purchase one-half of one ordinary share.
- Each Right entitles the holder to receive one-tenth (1/10) of one ordinary share upon consummation of the Issuer's initial business combination.
- If the Issuer fails to consummate an initial business combination within eighteen (18) months from the closing of the Issuer's initial public offering, the Issuer will be dissolved and the Rights will expire worthless.
- Each Warrant entitles the holder thereof to purchase one-half of one ordinary share at a price of $12.50 per full share, exercisable in multiples of two.
- Each Warrant will become exercisable on the completion of an initial business combination.
- Each Warrant will expire five years after the completion of an initial business combination, or earlier upon redemption.
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