SLVR · Sprott Silver Miners & Physical Silver ETF
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that the liquidity condition and mandatory liquidation, should an initial Business Combination not occur, and potential subsequent dissolution raises substantial doubt about the Company's ability to continue as a going concern.”View the 10-Q filed Aug 9, 2023
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 3, 4 and 5. Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2023-09-29 | Schwartz Hagi |
Director |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration. |
Class B Ordinary Shares
|
25,000 |
| 2023-09-29 | Roffman Dana |
Director |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration. |
Class B Ordinary Shares
|
25,000 |
| 2023-09-29 | Hirsh David Z. |
Director |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration. |
Class B Ordinary Shares
|
25,000 |
| 2023-09-29 | Kintzer Bonnie |
Director |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration. |
Class B Ordinary Shares
|
25,000 |
| 2023-09-29 | SILVERspac Sponsor LLC |
Director, 10% Owner |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 6,124,999 Class B Ordinary Shares for no consideration. The reporting owner, SILVERspac Sponsor LLC (the "Sponsor"), in whose name the securities reported herein are held. The managing member of the Sponsor is SILVERspac Management LLC. The members of SILVERspac Management LLC are Mr. Charles Federman and Mr. Tal Kerret. Each of the Reporting Persons (other than the Sponsor) may be deemed a beneficial owner of shares held by the Sponsor but each disclaims beneficial ownership of the securities held by the Sponsor, except to the extent of his or its pecuniary interest therein. |
Class B Ordinary Shares
|
6,124,999 |
| 2023-09-29 | Sable David M. |
Director |
Other↓
Filing footnotes — Class B Ordinary Shares (Direct)
As described in the Issuer's registration statement on Form S-1 (File No. 333-253161) (the "Registration Statement"), the Issuer's Class B ordinary shares, par value $0.0001 per share ("Class B Ordinary Shares"), were convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), on a one-for-one basis automatically at the time of the Issuer's initial business combination or earlier, at the option of the Reporting Person, and had no expiration date. On September 14, 2023, the Issuer announced that it would not consummate an initial business combination by the September 14, 2023 deadline under its Amended and Restated Memorandum and Articles of Association. On September 29, 2023, in connection with the liquidation and dissolution of the Issuer, the Reporting Person surrendered 25,000 Class B Ordinary Shares for no consideration. |
Class B Ordinary Shares
|
25,000 |