SEC Form 4 · accession 0001062993-18-002397
Electrum Special Acquisition Corp · ELEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Polar Asset Management Partners Inc.
10% Owner
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 6:08 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001639669
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary sharesF2 | May 23, 2018 | J | 2,483,535 | $10.47 | D | 0 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In connection with the dissolution and liquidation of the Issuer, the Reporting Person elected to redeem its shares for cash at a redemption price of approximately $10.47 per share at the early redemption deadline of May 23, 2018.
- F2Polar Asset Management Partners Inc., a company incorporated under the laws of Ontario, Canada, (the "Reporting Person") serves as investment advisor to Polar Multi-Strategy Master Fund, a Cayman Islands exempted company ("PMSMF"), and certain managed accounts (together with PMSMF, the "Polar Vehicles") and has sole voting and investment discretion with respect to the securities reported herein which are held by the Polar Vehicles. The Reporting Person disclaims beneficial ownership of the securities reported herein, and this report shall not be deemed an admission that Reporting Person is the beneficial owner of the securities reported herein for the purpose of Section 16 of the Securities and Exchange Act of 1934, as amended, or for any other purpose, except to the extent of Reporting Person's pecuniary interest therein.