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Filing Details

Accession Number:: 0001140361-23-024821
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-05-15 17:49:29
Reporting Period:: 2022-11-03

Accepted Time:: 2023-05-15 17:49:29
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1833213	Progress Acquisition Corp.	PGRW	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
48966	Cowen And Company, Llc	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1355007	Cowen Holdings, Inc.	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1466538	Cowen Inc.	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No
1613404	Rcg Lv Pearl Llc	599 Lexington Avenue, 20Th Floor New York NY 10022	No	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2022-11-03	11,885	$10.10	103,299	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2022-11-04	3,299	$10.07	100,000	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-06	75	$10.37	99,925	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-08	100	$10.37	99,825	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-09	400	$10.35	99,425	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-13	100	$10.35	99,325	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-22	100	$10.33	99,225	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-02-24	100	$10.35	99,125	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-03-03	75	$10.39	99,050	No	4	S	Indirect	By Cowen and Company, LLC
Class A Common Stock	Acquisiton	2023-03-24	950	$10.55	100,000	No	4	P	Indirect	By Cowen and Company, LLC
Class A Common Stock	Disposition	2023-05-09	100,000	$10.29	0	No	4	J	Indirect	By Cowen and Company, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	S	Indirect	By Cowen and Company, LLC
No	4	P	Indirect	By Cowen and Company, LLC
No	4	J	Indirect	By Cowen and Company, LLC

Footnotes

This Form 4 is filed jointly by Cowen Inc., Cowen and Company, LLC ("Cowen and Company"), Cowen Holdings, Inc. ("Cowen Holdings") and RCG LV Pearl LLC ("RCG", and collectively, the "Reporting Persons").
Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934, as amended, or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
Represents securities owned directly by Cowen and Company. Cowen Holdings is the sole member of Cowen and Company. RCG is the sole owner of Cowen Holdings. Cowen Inc. is the sole member of RCG. In such capacities, each of Cowen Holdings, RCG and Cowen Inc. may be deemed to beneficially own the securities owned directly by Cowen and Company, but disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.
The transaction was executed in multiple trades in prices ranging from $10.10 to $10.12, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $10.07 to $10.08, inclusive. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
The transaction was executed in multiple trades in prices ranging from $10.54 to $10.55, inclusive. The price reported in Column 4 above reflects the weighted average purchase price. The Reporting Persons hereby undertake to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares purchased at each respective price within the range set forth in this footnote.
In connection with the dissolution and liquidation of the Issuer and in accordance with its Amended and Restated Certificate of Incorporation, as amended, the Issuer will be redeeming all of the outstanding shares of its Class A Common Stock that were included in the units issued in its initial public offering, including the 100,000 shares held by Cowen and Company. The redemption price is currently being calculated, which the Issuer has estimated to be approximately $10.29 per share. The Reporting Persons will file an amendment to this Form 4 after the final liquidation date to disclose the final redemption price if it is materially different from the estimated redemption price reported herein.