Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GCEH | Series C Preferred Stock | -Disposed to Issuer | -125,000 | -100% | 0 | Jun 25, 2024 | See Footnote | F1, F2 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | GCEH | Warrant to Purchase Common Stock (Right to Buy) | -Disposed to Issuer | -2,489,643 | -100% | 0 | Jun 25, 2024 | Common Stock | 2,489,643 | $2.25 | See Footnote | F1, F2 | ||
transaction | GCEH | Warrant to Purchase Common Stock (Right to Buy) | -Disposed to Issuer | -13,530,723 | -100% | 0 | Jun 25, 2024 | Common Stock | 13,530,723 | $2.25 | See Footnote | F1, F2, F3 | ||
transaction | GCEH | Warrant to Purchase Common Stock (Right to Buy) | -Disposed to Issuer | -6,500,000 | -100% | 0 | Jun 25, 2024 | Common Stock | 6,500,000 | $2.25 | See Footnote | F1, F2, F3, F4 |
Exxon Mobil Corp is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
Id | Content |
---|---|
F1 | On June 25, 2024, ExxonMobil Renewables LLC ("ExxonMobil Renewables") and ExxonMobil Oil Corporation ("EMOC") entered into a Settlement and Mutual Release Agreement with the Issuer and certain other parties thereto, pursuant to which the parties agreed to the cancellation of the shares of Series C Preferred Stock and warrants to purchase shares of Common Stock held by ExxonMobil Renewables and EMOC in consideration for a settlement payment of $18,000,000. |
F2 | These securities were held directly by ExxonMobil Renewables. Exxon Mobil Corp., as the sole member of ExxonMobil Renewables, had voting and investment discretion with respect to the Series C Preferred Stock, and had the power to control the exercisability of the warrants, and therefore may have been deemed to have beneficial ownership over such securities. |
F3 | The warrants were scheduled to expire on December 23, 2028, or if such day is not a business day, then the next preceding business day. |
F4 | The warrants were scheduled to become exercisable on the earlier of (i) the term extension date of a Product Off-Take Agreement previously entered into between the Issuer, ExxonMobil Renewables and EMOC or (ii) a change of control or sale of the Issuer, or the dissolution of the Issuer. |