SEC Form 4 · accession 0001213900-18-008520
Twelve Seas Investment Co · TWLVU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Period of report
Jun 28, 2018
Accepted (ET)
Jun 29, 2018 · 4:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001726146
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Jun 28, 2018 | P | 54,000 | $10.00 | A | 5,604,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares are underlying units (each unit consisting of one ordinary share, one right entitling the holder thereof to receive one-tenth (1/10) of one share upon the consummation of an initial business combination and one warrant, each warrant exercisable to purchase one share) held by Twelve Seas Sponsors I LLC (the "Sponsor"), acquired pursuant to a unit subscription agreement by and between the Sponsor and the issuer. Such units were purchased upon the exercise of the underwriters' over-allotment option in connection with the issuer's initial public offering.
- F2The shares held by the Sponsor are beneficially owned by Dimitri Elkin, the issuer's Chief Executive Officer and the managing member of the Sponsor, who has sole voting and dispositive power over the shares held by the Sponsor. Mr. Elkin disclaims beneficial ownership over any securities owned by the sponsor in which he does not have any pecuniary interest.