Filing Details

Accession Number:
0001094891-16-000395
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-01-19 11:57:24
Reporting Period:
2015-12-23
Filing Date:
2016-01-19
Accepted Time:
2016-01-19 11:57:24
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1588869 Cambridge Capital Acquisition Corp CAMB Blank Checks (6770) 463774077
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1226347 J Michael Durham C/O Cambridge Capital Acquisition Corp
525 South Flagler Drive, Suite 201
West Palm Beach FL 33401
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2015-12-23 13,763 $0.00 48,410 No 4 S Direct
Common Stock Disposition 2015-12-23 48,410 $0.00 0 No 4 D Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 D Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrants Disposition 2015-12-23 22,173 $0.00 22,173 $11.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2015-12-23 2018-12-23 No 4 D Direct
Footnotes
  1. These securities were transferred to third parties as consideration for such third parties purchasing shares of common stock of the issuer and agreeing not to seek conversion of such shares in connection with the Issuer's business combination with Ability Computer & Software Industries Ltd.
  2. On September 6, 2015, Cambridge Capital Acquisition Corporation (the "Issuer"), Cambridge Holdco Corp. ("Holdco"), Ability Computer & Software Industries Ltd. ("Ability") and the shareholders of Ability entered into an Agreement and Plan of Reorganization (the "Merger Agreement"), pursuant to which, and subject to the terms and conditions thereof, on December 23, 2015 (the "Closing Date") the Issuer merged with and into Holdco, with Holdco surviving the merger. On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, Mr. Durham disposed of 48,410 shares of common stock of the Issuer in exchange for the same number of shares in Holdco.
  3. On the Closing Date, pursuant to the Merger Agreement, and subject to the terms and conditions thereof, at the effective time of the merger, the Warrants were assumed by Holdco in the Merger.