UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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 control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Class B Common Stock | (1) | (1) | Class A Common Stock | 3,777,750 (2) | $ (1) | D (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PNC Investment Capital Corp. C/O EMPOWERMENT & INCLUSION CAPITAL I CO 340 MADISON AVENUE NEW YORK, NY 10173 |
X | |||
PNC FINANCIAL SERVICES GROUP, INC. C/O EMPOWERMENT & INCLUSION CAPITAL I CO 340 MADISON AVENUE NEW YORK, NY 10173 |
X |
/s/ Laura L. Long, Attorney-in-Fact for PNC Investment Capital Corp. | 01/07/2021 | |
**Signature of Reporting Person | Date | |
/s/ Laura L. Long, Assistant Corporate Secretary. | 01/07/2021 | |
**Signature of Reporting Person | Date |
* | 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 shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the Issuer's initial business combination, on a one-for-one basis (unless otherwise provided in the Issuer's initial business combination agreement), subject to adjustment for stock splits, stock dividends, reorganizations, recapitalizations and the like, and certain anti-dilution rights as described under the heading "Description of Securities-Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-251613) (the "Registration Statement") and have no expiration date. |
(2) | The shares of Class B common stock beneficially owned by the Reporting Persons include up to 492,750 shares of Class B common stock subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in full in connection with the Issuer's initial public offering of units, as described in the Registration Statement. |
(3) | The securities are held directly by PNC Investment Capital Corp. ("PNCIC"). The PNC Financial Services Group, Inc. wholly owns and controls PNCIC and has voting and dispositive control over the securities held directly by PNCIC. |
Remarks: See Exhibit 99.1 - Joint Filer Information, which is incorporated herein by reference and describes in further detail the relationships of the Reporting Persons to the Issuer. See Exhibits 24.1 - Power of Attorney. |