SEC Form 3 · accession 0001094891-19-000059
Microvast Holdings, Inc. · MVST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen A Vogel
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Mar 5, 2019
Accepted (ET)
Mar 5, 2019 · 1:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001760689
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F6 | holding | — | — | — | 7,250,047 | I | By Tuscan Holdings Acquisition LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable WarrantF1,F6,F5,F3,F4 | — | holding | — | — | — | — | — | Common Stock | 500,047 | — | I |
Explanation of responses
- F1Includes securities underlying 500,047 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 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 58,542 additional Units which the reporting person irrevocably committed to purchase in the event the underwriters in the Issuer's initial public offering exercise their overallotment option in full.
- F2Includes up to 900,000 shares of common stock that may be forfeited if the underwriters in the Issuer's initial public offering do not exercise the overallotment option in full.
- F3Each warrant will become exercisable on the later of 30 days after the completion of the Issuer's initial business combination or March 5, 2020.
- F4Each warrant will expire five years after the completion of the Issuer's initial business combination.
- F5Each warrant entitles the holder to purchase one share of common stock at a price of $11.50 per share, subject to adjustment in the event of certain capital-raising transactions.
- F6The reporting person is the sole managing member of this entity.