Filing Details
- Accession Number:
- 0001213900-20-044201
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-12-23 07:42:17
- Reporting Period:
- 2020-12-16
- Accepted Time:
- 2020-12-23 07:42:17
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1723580 | Burgerfi International Inc. | BFI | Retail-Eating Places (5812) | 822418815 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1818673 | Lionheart Equities, Llc | 4218 Ne 2Nd Avenue Miami FL 33137 | No | No | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.0001 Per Share Underlying Units | Acquisiton | 2020-12-16 | 1,000,000 | $10.00 | 1,000,000 | No | 4 | P | Direct | |
| Common Stock, Par Value $0.0001 Per Share | Disposition | 2020-12-16 | 1,000,000 | $0.00 | 0 | No | 4 | J | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct | |
| No | 4 | J | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Warrant underlying Units | Acquisiton | 2020-12-16 | 1,000,000 | $0.00 | 1,000,000 | $11.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,000,000 | 2021-01-16 | 2025-12-16 | No | 4 | P | Direct |
Footnotes
- Pursuant to the terms of the Amended and Restated Forward Purchase Contract, dated December 16, 2020, between the Reporting Person and the Issuer, the Reporting Person purchased 1,000,000 forward purchase units (the "Units") at $10.00 per unit, in a private placement, for an aggregate purchase price of $10,000,000, in connection with the consummation of the business combination with BurgerFi International, LLC. Each Unit consists of one share of Common Stock, par value $0.0001 per share (the "Shares") and one warrant exercisable to purchase one share of Common Stock at an exercise price of $11.50 per share (the "Warrants"). Mr. Sternberg, as manager of Lionheart Equities has sole voting and dispositive control over the Shares and Warrants.
- 2. Reflects the distribution of the Shares to the Reporting Person's investors who funded the purchase of the Units from the Issuer. No consideration was paid for the distribution.
Billionaire Hedge Funds
