Sponsor Interests Cohen, a major owner of FinTech Acquisition Corp. IV, recently disposed of 1,000,000 shares of the company. The disposals took place at $12.00 per share, on August 09, 2021. Cohen still owns 6,456,667 shares of the company. Cohen operates out of Philadelphia, PA. Some additional info was provided as follows:
Represents shares held directly by FinTech Investor Holdings IV, LLC ("Holdings"), and FinTech Masala Advisors IV, LLC ("Masala"), each of which is managed by Cohen Sponsor Interests IV, LLC ("Manager"). FinTech Masala, LLC ("Masala LLC") is the sole member of Manager. FinTech Masala Holdings, LLC ("Masala Holdings") is the sole member of Masala LLC. As a result, each of Manager, Masala LLC, and Masala Holdings shares voting and investment po wer over the shares held directly by Holdings and Masala.
On August 9, 2021, the Issuer repurchased an aggregate of 1,000,000 shares of Class A common stock ("Shares"), including 658,196 Shares from Masala and 341,804 Shares from Holdings pursuant to Section 1.3(a) of that certain Sponsor Share Surrender and Share Restriction Agreement (the "Sponsor Share Surrender Agreement"), dated as of December 29, 2020 and amended as of May 4, 2021, by and among PWP Holdings LP, a Delaware limited partnership ("PWP"), the Issuer, Masala, Holdings and the other parties thereto.
The warrants to purchase shares of Class A Common Stock of the Issuer became exercisable on the one-year anniversary of the Issuer's initial public offering.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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