$CMSS+$RENN Combo/Agreement-> $KXIN for $454,000,000 05/01/19
globenewswire.com/news-release/2018/11/06/1646525/0/en/CM-Seven-Star-Acquisition-Corporation-and-Renren-Inc-s-Kaixin-Auto-Group-to-Combine-in-All-Stock-Transaction-Valued-at-Approximately-454-million.html
globenewswire.com/news-release/2019/05/01/1813486/0/en/CM-Seven-Star-Announces-Consummation-of-Business-Combination-with-Renren-Inc-s-Kaixin-Auto-Group.html
RRENN The Original Parent Company currently holds 72% of the entire O/S
And has agreed to the below stipulation:
Upon the closing of the transactions contemplated in the Share Exchange Agreement in which CM Seven Star acquired 100% of the issued and outstanding securities of Kaixin, Renren received approximately 28.3 million ordinary shares of CM Seven Star, representing 71.7% of the total outstanding shares of CM Seven Star. An additional 4.7 million ordinary shares of CM Seven Star will be issued in exchange for currently outstanding options in Kaixin or reserved for issuance under the equity incentive plan of CM Seven Star. Additionally, 19.5 million earnout shares were issued in escrow. Approximately 20.4 million ordinary shares were redeemed in connection with the closing of the transaction. Kaixin has raised a total of $30.9 million from the business combination and related transactions, including $2.4 million that remains in the trust account established for the benefit of CM Seven Star’s public shareholders following the redemption and $28.5 million from convertible loans and a private placement.
Several Form 4's dropped at 9PM 05/11/19
CEO
565,700 Shares
sec.gov/Archives/edgar/data/1776126/000161577419007582/xslF345X03/s118206_form4.xml
COO
471,400 Shares
sec.gov/Archives/edgar/data/1776241/000161577419007580/xslF345X03/s118204_form4.xml
CTO
94,200 Shares
sec.gov/Archives/edgar/data/1776461/000161577419007579/xslF345X03/s118203_form4.xml
VP of Marketing
75,340 Shares
sec.gov/Archives/edgar/data/1776216/000161577419007572/xslF345X03/s118196_form4.xml
VP of Finance
94,200 Shares
sec.gov/Archives/edgar/data/1776246/000161577419007575/xslF345X03/s118199_form4.xml
VP of Fine Products
18,750 Shares
sec.gov/Archives/edgar/data/1776234/000161577419007577/xslF345X03/s118201_form4.xml
Director
1,060,875 Shares
sec.gov/Archives/edgar/data/1776302/000161577419007581/xslF345X03/s118205_form4.xml
Director
477,518 Shares
sec.gov/Archives/edgar/data/1733028/000161577419007576/xslF345X03/s118200_form4.xml
Director
9,530 Shares
sec.gov/Archives/edgar/data/1776240/000161577419007578/xslF345X03/s118202_form4.xml
Director
9,430 Shares
sec.gov/Archives/edgar/data/1776247/000161577419007573/xslF345X03/s118197_form4.xml
globenewswire.com/news-release/2019/05/01/1813486/0/en/CM-Seven-Star-Announces-Consummation-of-Business-Combination-with-Renren-Inc-s-Kaixin-Auto-Group.html
RRENN The Original Parent Company currently holds 72% of the entire O/S
And has agreed to the below stipulation:
Upon the closing of the transactions contemplated in the Share Exchange Agreement in which CM Seven Star acquired 100% of the issued and outstanding securities of Kaixin, Renren received approximately 28.3 million ordinary shares of CM Seven Star, representing 71.7% of the total outstanding shares of CM Seven Star. An additional 4.7 million ordinary shares of CM Seven Star will be issued in exchange for currently outstanding options in Kaixin or reserved for issuance under the equity incentive plan of CM Seven Star. Additionally, 19.5 million earnout shares were issued in escrow. Approximately 20.4 million ordinary shares were redeemed in connection with the closing of the transaction. Kaixin has raised a total of $30.9 million from the business combination and related transactions, including $2.4 million that remains in the trust account established for the benefit of CM Seven Star’s public shareholders following the redemption and $28.5 million from convertible loans and a private placement.
Several Form 4's dropped at 9PM 05/11/19
CEO
565,700 Shares
sec.gov/Archives/edgar/data/1776126/000161577419007582/xslF345X03/s118206_form4.xml
COO
471,400 Shares
sec.gov/Archives/edgar/data/1776241/000161577419007580/xslF345X03/s118204_form4.xml
CTO
94,200 Shares
sec.gov/Archives/edgar/data/1776461/000161577419007579/xslF345X03/s118203_form4.xml
VP of Marketing
75,340 Shares
sec.gov/Archives/edgar/data/1776216/000161577419007572/xslF345X03/s118196_form4.xml
VP of Finance
94,200 Shares
sec.gov/Archives/edgar/data/1776246/000161577419007575/xslF345X03/s118199_form4.xml
VP of Fine Products
18,750 Shares
sec.gov/Archives/edgar/data/1776234/000161577419007577/xslF345X03/s118201_form4.xml
Director
1,060,875 Shares
sec.gov/Archives/edgar/data/1776302/000161577419007581/xslF345X03/s118205_form4.xml
Director
477,518 Shares
sec.gov/Archives/edgar/data/1733028/000161577419007576/xslF345X03/s118200_form4.xml
Director
9,530 Shares
sec.gov/Archives/edgar/data/1776240/000161577419007578/xslF345X03/s118202_form4.xml
Director
9,430 Shares
sec.gov/Archives/edgar/data/1776247/000161577419007573/xslF345X03/s118197_form4.xml
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.