other material
confidence high
sentiment neutral
materiality 0.30
ClimateRock converts 1.97M Class B shares to Class A; sponsor now holds 19.8% of Class A
ClimateRock
- Issued 1,968,749 Class A ordinary shares to sponsor U.N. SDG Support LLC upon conversion of equal number of Class B shares.
- Post-conversion: 9,961,874 Class A shares outstanding; only 1 Class B share remains outstanding.
- Sponsor holds approximately 19.8% of outstanding Class A ordinary shares.
- Conversion exempt from registration under Section 3(a)(9) of Securities Act.