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Filing Details

Accession Number:
0001094891-16-000540
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-06-30 07:59:14
Reporting Period:
2016-06-30
Filing Date:
2016-06-30
Accepted Time:
2016-06-30 07:59:14
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1622577 Arowana Inc. ARWA Blank Checks (6770) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1641024 Kevin Chin C/o Arowana Inc.
Level 11, 153 Walker Street
North Sydney C3 NSW 2060
Chairman And Ceo Yes Yes Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares Acquisiton 2016-06-30 408,878 $0.01 1,236,857 No 4 P Indirect by The Panaga Group Trust
Ordinary Shares Acquisiton 2016-06-30 56,000 $10.00 179,281 No 4 P Indirect by The Panaga Group Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect by The Panaga Group Trust
No 4 P Indirect by The Panaga Group Trust
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Ordinary Share Right to Receive Ordinary Share Acquisiton 2016-06-30 56,000 $10.00 5,600 $0.00
Ordinary Share Redeemable Warrant Acquisiton 2016-06-30 56,000 $10.00 28,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
179,281 No 4 P Indirect
179,281 No 4 P Indirect
Footnotes
  1. Mr. Chin is a beneficiary of The Panaga Group Trust and one of the directors of the corporate trustee of such fund. Accordingly, he may be deemed to have voting and dispositive power over the shares held by this entity. Mr. Chin disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Chin is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
  2. Represents securities underlying units of the Issuer ("Unit"). Each Unit consists of one ordinary share, one right ("Right") to receive one-tenth of one ordinary share upon the consummation of the Issuer's initial business combination and one redeemable warrant ("Warrant") entitling the holder to purchase one-half of one ordinary share.
  3. Each Right entitles the holder to receive one-tenth (1/10) of one ordinary share upon consummation of the Issuer's initial business combination.
  4. If the Issuer fails to consummate an initial business combination within eighteen (18) months from the closing of the Issuer's initial public offering, the Issuer will be dissolved and the Rights will expire worthless.
  5. Each Warrant entitles the holder thereof to purchase one-half of one ordinary share at a price of $12.50 per full share, exercisable in multiples of two.
  6. Each Warrant will become exercisable on the completion of an initial business combination.
  7. Each Warrant will expire five years after the completion of an initial business combination, or earlier upon redemption.