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CUSIP No. 74981W107 | | SCHEDULE 13G | | Page 6 of 8 |
one-for-one basis, in each case, subject to adjustment. As Sponsor is a wholly owned subsidiary of Holdings, which is a wholly owned subsidiary of Realty, each of Holdings and Realty may be deemed to indirectly beneficially own the Class B Common Stock directly beneficially owned by Sponsor. Each of Holdings and Realty disclaim beneficially ownership of all such Class B Common Stock and the Class A Common Stock acquirable by Sponsor upon conversion of the Class B Common Stock, except to the extent of their respective pecuniary interest.
The following sets forth the beneficial ownership of the Class A Common Stock by each of the Reporting Persons as of December 31, 2021:
| a) | Amount beneficially owned: |
| (i) | Sponsor is the beneficial owner of 8,481,000 shares of Class A Common Stock |
| (ii) | Holdings is the beneficial owner of 8,481,000 shares of Class A Common Stock |
| (iii) | Realty is the beneficial owner of 8,481,000 shares of Class A Common Stock |
| (ii) | 19.7% for Holdings; and |
The percentages used herein and in the rest of this Schedule 13G are calculated based upon 8,625,000 shares of Class B Common Stock and 34,500,000 shares of Class A Common Stock reported to be outstanding as of November 12, 2021, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2021 filed with the Securities and Exchange Commission on November 12, 2021.
| c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote: |
8,481,000 shares for Sponsor;
8,481,000 shares for Holdings; and
8,481,000 shares for Realty.
| (ii) | Shared power to vote or to direct the vote: |
0 shares for Sponsor;
0 shares for Holdings; and
0 shares for Realty.
| (iii) | Sole power to dispose or to direct the disposition of: |
8,481,000 shares for Sponsor;
8,481,000 shares for Holdings; and
8,481,000 shares for Realty.
| (iv) | Shared power to dispose or to direct the disposition of: |
0 shares for Sponsor;
0 shares for Holdings; and
0 shares for Realty.