December 6, 2023 · Form 4 insider transaction
Global Commodities & Investments Ltd. bought 11,701,250 shares of AFRICAN AGRICULTURE HOLDINGS, a transaction worth N/A. The trade was recorded as j and disclosed on an SEC Form 4, filed 100 days after the transaction.
Represents the acquisition from the Issuer of newly-issued shares of Common Stock under the terms of a Share Issuance Agreement by and between the reporting person and the Issuer. There was no cash purchase price for the shares, which were issued as an inducement for the reporting person to transfer certain shares, prior to the consummation of a business combination of the Issuer with African Agriculture, Inc., as required pursuant to that certain Cash-Settled Equity Derivative Transaction agreement by and between the Issuer and Vellar Opportunities Fund Master, Ltd.; Global Commodities & Investments Ltd. ("Global") is the record holder of the securities reported herein. Vasile Frank Timis is the majority holder of Global and has voting and dispositive power with respect to the shares held by Global. Mr. Timis disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.