Apogee Acquisition sponsor buys 470K Class A shares
Apogee Acquisition Sponsor LLC, a 10% owner of Apogee Acquisition Corp, acquired 470,000 Class A ordinary shares on April 8, 2026.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Apogee Acquisition Sponsor LLC, a 10% owner of Apogee Acquisition Corp, acquired 470,000 Class A ordinary shares on April 8, 2026. The shares reflect private placement units purchased at $10.00 per unit for an aggregate $4,700,000, completed simultaneously with the company’s IPO.
Each private placement unit includes one Class A ordinary share, one redeemable warrant and one right to receive one-fifth of a Class A share upon an initial business combination. Jeffrey Andrew Smith, the company’s Chief Executive Officer, is the sole managing member of the sponsor and disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
Net Buyer: 470,000 shares
Net Buy
1 txn
Insider
APOGEE ACQUISITION SPONSOR LLC, Smith Jeffrey Andrew
Role
10% Owner | Chief Executive Officer
Bought
470,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 470,000 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Ordinary Shares — 470,000 shares (Direct)
Footnotes (2)
- F1. Simultaneously with the consummation of the initial public offering (the "IPO") of Apogee Acquisition Corp (the "Issuer"), Apogee Acquisition Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 470,000 private placement units for an aggregate purchase price of $4,700,000. Each private placement unit consists of one Class A ordinary share, one redeemable warrant and one right to receive one-fifth (1/5) of one Class A ordinary share upon the consummation of an initial business combination, as described in the Registration Statement on Form S-1 (File No. 333-294102) related to the IPO.
- F2. Jeffrey Smith is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record the Sponsor. Mr. Smith disclaims any beneficial ownership of the securities held by the sponsor other than to the extent of his pecuniary interest therein.
Key Figures
Shares acquired: 470,000 Class A ordinary shares
Unit purchase price: $10.00 per unit
Aggregate purchase price: $4,700,000
+3 more
6 metrics
Shares acquired
470,000 Class A ordinary shares
Non-derivative acquisition on April 8, 2026
Unit purchase price
$10.00 per unit
Price for private placement units at IPO
Aggregate purchase price
$4,700,000
Total paid for 470,000 private placement units
Warrants per unit
1 redeemable warrant
Included in each private placement unit
Rights per unit
Right to 1/5 share
Right to receive one-fifth of a Class A share
Post-transaction holdings
470,000 Class A shares
Shares held directly by sponsor after transaction
Key Terms
private placement units, initial public offering, redeemable warrant, pecuniary interest, +1 more
5 terms
private placement units financial
"acquired, at a price of $10.00 per unit, 470,000 private placement units for an aggregate purchase price"
initial public offering financial
"Simultaneously with the consummation of the initial public offering (the "IPO") of Apogee Acquisition Corp"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
redeemable warrant financial
"Each private placement unit consists of one Class A ordinary share, one redeemable warrant and one right"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
pecuniary interest financial
"Mr. Smith disclaims any beneficial ownership of the securities held by the sponsor other than to the extent of his pecuniary interest therein"
beneficial ownership financial
"Mr. Smith disclaims any beneficial ownership of the securities held by the sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did AACPU report in this Form 4?
Apogee Acquisition Corp reported that Apogee Acquisition Sponsor LLC acquired 470,000 Class A ordinary shares. The shares stem from private placement units purchased concurrently with the IPO, reflecting the sponsor’s equity position in the SPAC structure.
What was the purchase price for the AACPU private placement units?
The sponsor bought 470,000 private placement units at $10.00 per unit, totaling $4,700,000. Each unit consists of one Class A ordinary share, one redeemable warrant and one right to receive one-fifth of a Class A share after a business combination.
What securities are included in Apogee Acquisition Corp’s private placement units?
Each private placement unit includes one Class A ordinary share, one redeemable warrant, and one right to receive one-fifth of a Class A ordinary share. The additional warrant and right become relevant upon the consummation of an initial business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
