SEC Form 4: Combe Jorge converted options into 1,912,500 shares and disposed of 2,208,500 shares
$DDMX
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Codere Online U.S. Corp. [ DDMX ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/30/2021 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A common stock | 11/30/2021 | C(1) | 1,912,500 | A | (1) | 2,208,500 | I | See footnote(2) | ||
| Class A common stock | 11/30/2021 | J(3) | 2,208,500 | D | (3) | 0 | I | See footnote(2) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B common stock | (4) | 11/30/2021 | S(5) | 1,212,500 | (4) | (4) | Class A common stock | 1,212,500 | $0.0087(5) | 1,912,500 | I | See footnote(2) | |||
| Class B common stock | (4) | 11/30/2021 | C(1) | 1,912,500 | (4) | (4) | Class A common stock | 1,912,500 | (1) | 0 | I | See footnote(2) | |||
| Warrant | $11.5 | 11/30/2021 | J(6) | 148,000 | 12/30/2021 | 11/30/2026 | Class A common stock | 148,000 | (6) | 0 | I | See footnote(2) | |||
| Explanation of Responses: |
| 1. Represents shares of Class B common stock of Codere Online U.S. Corp. (f/k/a DD3 Acquisition Corp. II) (the "Issuer") that converted into shares of Class A common stock of the Issuer in connection with the consummation of the business combination (the "Business Combination") pursuant to that certain Business Combination Agreement, dated as of June 21, 2021, by and among the Issuer, Codere Newco, S.A.U., Servicios de Juego Online S.A.U., Codere Online Luxembourg, S.A. ("Holdco") and Codere Online U.S. Corp. |
| 2. The securities are held directly by DD3 Sponsor Group, LLC (the "Sponsor") and indirectly by Jorge Combe as manager of the Sponsor. Certain of the Issuer's former directors and officers hold economic interests in the Sponsor and pecuniary interests in certain of the securities held by the Sponsor. Each of Mr. Combe and such former directors and officers disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 3. Disposed of in exchange for ordinary shares of Holdco ("Ordinary Shares") in connection with the consummation of the Business Combination. |
| 4. The shares of Class B common stock were automatically convertible into shares of Class A common stock at the time of the Issuer's business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as set forth in the Issuer's registration statement on Form S-1 (File No. 333-250212), and had no expiration date. |
| 5. Represents shares of Class B common stock sold by the Sponsor at their original purchase price in connection with the consummation of the Business Combination. |
| 6. Represents warrants underlying private units acquired by the Sponsor in connection with the Issuer's initial public offering, which warrants were converted into warrants of Holdco to purchase Ordinary Shares, at an exercise price of $11.50 per share, in connection with the consummation of the Business Combination. |
| /s/ Alan I. Annex, Attorney-in-Fact | 11/30/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||