Statement of Changes in Beneficial Ownership (4)
December 18 2020 - 04:53PM
Edgar (US Regulatory)
FORM 4
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
Schultze George J |
2. Issuer Name and Ticker or Trading Symbol
Schultze Special Purpose Acquisition Corp.
[
SAMA
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman, CEO and President |
(Last)
(First)
(Middle)
C/O SCHULTZE SPAC, 800 WESTCHESTER AVENUE, SUITE 632 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/18/2020 |
(Street)
RYE BROOK, NY 10573
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 12/18/2020 | | D | | 3190000 | D | (1) | 0 | I | See footnote (2) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Private Placement Warrant | $11.5 | 12/18/2020 | | D | | | 4150000 | 1/17/2021 | 12/18/2025 | Common Stock | 4150000 | (3) | 0 | I | See footnote (2) |
Explanation of Responses: |
(1) | Disposed of in exchange for common shares ("Common Shares") of Clever Leaves Holdings Inc. ("Holdco") in connection with the consummation of the business combination (the "Business Combination") of the Issuer and Clever Leaves International Inc. ("Clever Leaves"), pursuant to that certain Amended and Restated Business Combination Agreement, dated as of November 9, 2020, by and among the Issuer, Holdco, Novel Merger Sub Inc. and Clever Leaves. |
(2) | The securities are held directly by Schultze Special Purpose Acquisition Sponsor, LLC (the "Sponsor") and indirectly by George J. Schultze, who controls both Schultze Asset Management, LP, the manager of the Sponsor, and Schultze Master Fund, Ltd, the majority owner of the Sponsor. Mr. Schultze disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
(3) | Disposed of in exchange for warrants to purchase Common Shares at an exercise price of $11.50 per share, in connection with the consummation of the Business Combination. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Schultze George J C/O SCHULTZE SPAC 800 WESTCHESTER AVENUE, SUITE 632 RYE BROOK, NY 10573 | X | X | Chairman, CEO and President |
|
Signatures
|
/s/ George J. Schultze | | 12/18/2020 |
**Signature of Reporting Person | Date |
Schultze Special Purpose... (NASDAQ:SAMA)
Historical Stock Chart
From Feb 2024 to Mar 2024
Schultze Special Purpose... (NASDAQ:SAMA)
Historical Stock Chart
From Mar 2023 to Mar 2024