Anthemis Digital Acquisitions I Sponsor LP - Oct 27, 2021 Form 3 Insider Report for Anthemis Digital Acquisitions I Corp (ADAL)

Role
10%+ Owner
Signature
Anthemis Digital Acquisitions I Sponsor LP, /s/ Mei Lim, Manager
Stock symbol
ADAL
Transactions as of
Oct 27, 2021
Transactions value $
$0
Form type
3
Date filed
10/27/2021, 06:32 PM
Next filing
Nov 1, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding ADAL Class B ordinary shares Oct 27, 2021 Class A ordinary shares 7.19M $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of our initial business combination at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares, will equal, in the aggregate, on an as-converted basis, 25% of the sum of (i) the total number of shares issued in this offering, including shares issued in connection with the underwriters' exercise of their option to purchase additional units, plus (ii) the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities (as defined herein) or rights issued or deemed issued, by the company in connection with or in relation to the consummation of the initial business combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, deemed issued, or to be issued,
F2 (continued from footnote 1) to any seller in the initial business combination and any private placement warrants issued to our sponsor, its affiliates or any member of our management team upon conversion of working capital loans.
F3 Anthemis Digital Acquisitions I Sponsor LP ("Sponsor") is the record holder of the shares reported herein acting through its general partner, Anthemis Digital Acquisitions I Sponsor LLC which is governed by the following managers: Ms. Nauiokas, Ms. Lim and Ms. Van Strijp (the "Managers") and the approval of a majority of the Managers is required to approve any action of Sponsor. Each of the Managers disclaims beneficial ownership of the securities held of record by Sponsor.