SEC Form 4 · accession 0001213900-18-016368
Alberton Acquisition Corp · ALAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Guan Wang
Officer — Secretary and Treasurer · Director · 10% Owner
Period of report
Nov 20, 2018
Accepted (ET)
Nov 21, 2018 · 8:13 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001748621
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary SharesF1,F2 | Nov 20, 2018 | J | 1,441 | — | D | 1,628,559 | I | By Hong Ye Hong Kong Shareholding Co., Limited |
| Ordinary SharesF3,F2 | Nov 20, 2018 | P$0 | 29,760 | — | A | 1,658,319 | I | By Hong Ye Hong Kong Shareholding Co., Limited |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants to Purchase Ordinary SharesF3,F2,F4,F5 | $11.50 | Nov 20, 2018 | P | 29,760 | A | — | — | Ordinary Shares | 14,880 | 164,880 | I |
| Rights to Purchase Ordinary SharesF3,F2,F6 | — | Nov 20, 2018 | P | 29,760 | A | — | — | Ordinary Shares | 2,976 | 32,976 | I |
Explanation of responses
- F11,441 shares were forfeited for no additional consideration in connection with the underwriters' election not to fully exercise the over-allotment option as described in the Issuer's registration statement on Form S-1.
- F2The securities reported herein are held by Hong Ye Hong Kong Shareholding Co., Limited (the "Sponsor") and may be deemed to be indirectly beneficially owned by Guan Wang. Guan Wang disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F3In connection with the underwriters' election to partially exercise the over-allotment option granted in connection with the Issuer's initial public offering, the Sponsor acquired, at a price of $10.00 per unit, 29,760 additional units (the "Private Units") for an aggregate purchase price of $297,600. Each Private Unit consists of one ordinary share, one warrant to purchase one half of one ordinary share and one right to receive one tenth of one ordinary share.
- F4The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) 12 months from the date of the prospectus relating to the registrant's initial public offering.
- F5The warrants expire 5 years after the closing of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the prospectus relating to the registrant's initial public offering.
- F6The rights convert automatically into ordinary shares at the completion of the registrant's initial business combination.