| FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol Industrial Tech Acquisitions, Inc. [ ITAC ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 10/07/2021 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Class B Common Stock | (1) | 10/07/2021 | J(2) | 1,905,900 | (1) | (1) | Class A Common Stock | 1,905,900 | $0(1) | 0 | I | See footnote(3) | |||
1. Name and Address of Reporting Person*
(Street)
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1. Name and Address of Reporting Person*
(Street)
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| Explanation of Responses: |
| 1. The shares of Class B common stock, par value $0.0001 per share ("Class B Common Stock"), of Industrial Tech Acquisitions, Inc. (the "Issuer") reported herein automatically convert into shares of the Issuer's Class A common stock, par value $0.0001, at the time of the Issuer's initial business combination on a one-for-one basis. The Class B Common Stock has no expiration date. In connection with the Issuer's initial business combination described in footnote (2), the Class B Common Stock was converted into the right to receive an equal number of ordinary shares of the surviving entity, Arbe Robotics Ltd., an Israeli company ("Arbe"), on October 7, 2021. |
| 2. In connection with the transactions contemplated by that certain Business Combination Agreement, dated as of March 18, 2021 (as amended, the "Business Combination Agreement"), by and among Arbe, Autobot MergerSub, Inc., a Delaware corporation and wholly owned subsidiary of Arbe, and the Issuer, which were consummated on October 7, 2021, all shares of Class B Common Stock held by the Reporting Person were converted into the right to receive, on a one-for-one basis, ordinary shares, with a par value of NIS 0.000216 per share, of Arbe. |
| 3. Industrial Tech Partners, LLC ("Sponsor") is the record holder of the securities reported herein. E. Scott Crist is the managing member of the Sponsor and may be deemed to have beneficial ownership of the securities held of record by Sponsor. Such person disclaims any such beneficial ownership except to the extent of his pecuniary interest therein. |
| Industrial Tech Partners, LLC By: /s/ E. Scott Crist, Managing Member | 10/12/2021 | |
| E. Scott Crist /s/ E. Scott Crist | 10/12/2021 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||
