SEC Form 3 · accession 0001094891-18-000070
Opes Acquisition Corp. · OPES
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
White Jose Antonio Canedo
Officer — Chief Executive Officer · Director
Period of report
Mar 13, 2018
Accepted (ET)
Mar 13, 2018 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001723580
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | holding | — | — | — | 937,500 | I | By Axis Public Ventures S. de R.L. de C.V. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable WarrantF1,F3,F6,F4,F5 | — | holding | — | — | — | — | — | Common Stock | 75,000 | — | I |
Explanation of responses
- F1Includes securities underlying 75,000 units of the Issuer, which units, prior to the effective date of the registration statement relating to the Issuer's initial public offering, the reporting person irrevocably committed to purchase. Each unit ("Unit") consists of one share of common stock and one redeemable warrant entitling the holder to purchase one share of common stock. The purchase of these Units is being made on a private placement basis and will be consummated simultaneously with the consummation of the Issuer's initial public offering. Does not include securities underlying up to 8,437 additional Units which the reporting person irrevocably committed to purchase in the event the underwriters in the Issuer's initial public offering exercise the overallotment option in full.
- F2Includes up to 112,500 shares of common stock that may be compulsorily repurchased by the Issuer if the underwriters in the Issuer's initial public offering do not exercise the overallotment option in full.
- F3The reporting person is a board member of Axis Public Ventures and may be deemed to share voting and dispositive power over the securities held thereby. The reporting person disclaims beneficial ownership of such securities, except to the extent of his pecuniary interest therein.
- F4Each Warrant will become exercisable on the later of the 30 days after the completion of an initial business combination and February 22, 2019.
- F5Each Warrant will expire five years after the completion of an initial business combination, or earlier upon redemption.
- F6Each Warrant entitles the holder to purchase one share of common stock at a price of $11.50 per share