Abony sponsor buys 465,000 Abony Acquisition shares
Abony Acquisition Corp. I reported that Abony Sponsor I LLC, an entity associated with Chief Executive Officer Lorne Abony, purchased 465,000 private placement units in connection with the company’s initial public offering.
Rhea-AI Filing Summary
Abony Acquisition Corp. I reported that Abony Sponsor I LLC, an entity associated with Chief Executive Officer Lorne Abony, purchased 465,000 private placement units in connection with the company’s initial public offering. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, at a price of $10.00 per unit, for total consideration of $4,650,000. The 465,000 Class A shares reported on the Form 4 reflect the share component of these units, which are held of record by the sponsor. Mr. Abony, as managing member of the sponsor, has voting and investment discretion over these securities but disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A ordinary shares | 465,000 | $0.00 | $0.00 |
Footnotes (3)
- F1. Simultaneously with the consummation of Abony Acquisition Corp. I's (the "Issuer") initial public offering, Abony Sponsor I LLC (the "Sponsor") purchased 465,000 private placement units ("Private Placement Units"), each consisting of (i) one Class A ordinary share and (ii) one-third of one redeemable warrant, at a price of $10.00 per unit, or $4,650,000 in the aggregate.
- F2. Reflects the 465,000 Class A ordinary shares comprising part of the Private Placement Units.
- F3. The Sponsor is the record holder of such shares. Lorne Abony is the managing member of the Sponsor, and has voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Abony disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
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