CHW Acquisition : Statement of Changes in Beneficial Ownership - Form 4
August 09, 2022 at 07:44 pm
Share
Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287Expires:January 31, 2005Estimated average burden hours per response...0.5
If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**)
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)
The options to purchase shares of Wag! Group Co. (the "Issuer") common stock ("Options") vest in 24 equal monthly installments with a 30% cliff beginning on June 12, 2017.
(2)
The Options vested in 48 equal monthly installments, with a one year cliff beginning on April 1, 2018.
(3)
The Options vest in 48 equal monthly installments, with a one year cliff beginning on February 1, 2019.
(4)
25% of the Options vested on November 29, 2019, with the subsequent Options vesting in 36 equal monthly installments thereafter.
(5)
50% of the Options vested on November 29, 2020, with the subsequent Options vesting in 24 equal monthly installments thereafter.
(6)
Upon the closing of the Business Combination, all shares of Wag! Labs, Inc. converted into Wag! Group Co. shares on a 1 for 0.97 basis.
(7)
The Business Combination Agreement provides that certain eligible company equity holders will receive earn-out shares as additional consideration for the company interests acquired in connection with the Business Combination, for no consideration, after certain triggering events as defined in the Business Combination Agreement. The reporting person's right to receive additional shares pursuant to this earn-out right became fixed on August 9, 2022, the effective date of the Business Combination.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.
Attachments
Original Link
Original Document
Permalink
Disclaimer
CHW Acquisition Corporation published this content on 09 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2022 23:43:03 UTC.
CHW Acquisition Corporation is a blank check company. The Company is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company has not selected any business combination target and has not, nor has anyone on behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. The Company intend to focus search on the consumer sector and consumer-related businesses. The Company has not commenced any operations nor generated any revenues.