Capital Ltd Maverick, a major owner of Pax Global Technology Ltd, has just filed an initial statement of beneficial ownership where 1,200,000 shares of Pax Global Technology Ltd were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Maverick. Maverick operates out of Dallas, TX. Some additional info was provided as follows:
Maverick Capital, Ltd. ("Maverick Capital") is a registered investment adviser under the Investment Advisers Act of 1940, as amended, and acts as the investment manager for each of the portfolio funds that directly hold the reported securities. Maverick Capital Management, LLC ("Maverick") is the general partner of Maverick Capital. Lee S. Ainslie III is the mana ger of Maverick who is granted sole investment discretion pursuant to Maverick's limited liability company regulations. Each reporting owner disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein.
The Class A Ordinary Shares and the Redeemable Warrants reported herein are components of units held directly by portfolio funds managed by Maverick Capital. Maverick Fund USA, Ltd. holds units comprised of 439,820 Class A Ordinary Shares and 219,910 Redeemable Warrants; Maverick Long Enhanced Fund, Ltd. holds units comprised of 324,496 Class A Ordinary Shares and 162,248 Redeemable Warrants; Maverick Fund II, Ltd. holds units comprised of 284,923 Class A Ordinary Shares and 142,461.5 Redeemable Warrants; and Maverick Long Fund, Ltd. holds units comprised of 150,761 Class A Ordinary Shares and 75,380.5 Redeemable Warrants.
The Redeemable Warrants will become exercisable 30 days after the completion of the Issuer's initial business combination on a one-for-one basis for Class A Ordinary Shares and will expire five years thereafter or earlier upon specified redemption or liquidation events as described in the Issuer's 424B4 prospectus filed with the SEC on October 22, 2021.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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