SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
World Praise Ltd

(Last) (First) (Middle)
VISTRA CORPORATION SERVICES CENTER,
GROUND FLOOR NFP BUILDING, BEACH ROAD

(Street)
APIA, SAMOA Y0 00000

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/07/2022
3. Issuer Name and Ticker or Trading Symbol
Aerkomm Inc. [ AKOM ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Bond 12/07/2022 12/07/2024 Common Stock 3,862,200(1) 6 D
Explanation of Responses:
1. Represents 3,862,200 shares of common stock, par value $0.001 per share ("Common Stock"), of Aerkomm Inc. held by World Praise Limited ("WPL"), which may be issued by conversion of the borrowed principal issued as evidenced by a convertible bond, dated December 7, 2022 (the "Bond"), under the Investment Conversion and Bond Purchase Agreement, dated December 7, 2022, at the option of WPL at any time while the Bond is outstanding at a conversion price equal to $6.00 per share of Common Stock.
World Praise Limited By: /s/ Leroy Yau, Director 01/03/2023
** 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 5 (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.
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