| (a) | Amount Beneficially Owned: CC ARB West, LLC owns 184,000 Shares of Common Stock, consisting of 184,000 Shares of Common Stock directly held. CC Arbitrage, Ltd. owns 16,000 Shares of Common Stock, consisting of 16,000 Shares of Common Stock directly held. By virtue of their relationships with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd. This Schedule 13G reports an aggregate of 200,000 Shares of Common Stock, consisting of 200,000 Shares of Common Stock directly held. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person. | |
| (b) | Percent of Class: The following ownership percentages are based upon 3,108,936 Shares of Class A common stock issued and outstanding as of December 22, 2022. In the Issuer’s Form 8-K filed December 22, 2022, the issuer reported that a total of 20,951,064 Shares of Class A common stock were presented for redemption in connection with the Special Meeting which occurred on December 21, 2022. The Issuer reported 24,060,000 Shares of Class A common stock issued and outstanding as of November 21, 2022, in the Issuer’s Form 10-Q filed November 21, 2022. Subtracting the Shares presented for redemption on December 21, 2022, from the Shares reported to be outstanding as of November 21, 2022, results in 3,108,936 Shares issued and outstanding. The 184,000 Shares owned by CC ARB West, LLC represent approximately 5.92% of the outstanding Shares. The 16,000 Shares owned by CC Arbitrage, Ltd. represent approximately 0.51% of outstanding Shares. By virtue of its relationship with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, Castle Creek may be deemed to beneficially own 200,000 Shares, representing approximately 6.43% of the outstanding Shares and Mr. Weine may be deemed to beneficially own 200,000 Shares representing approximately 6.43% of the outstanding Shares. This schedule 13G reports an aggregate of 200,000 Shares, representing approximately 6.43% of the outstanding Shares. | |
| | (ii) | shared power to vote or to direct the vote: CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to vote or direct the vote of the 200,000 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd. | |
| | (iv) | shared power to dispose or to direct the disposition of: CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to dispose or direct the disposition of the 200,000 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd. | |