7.39M Class B insider holdings reported at Averin Capital (ACAAU)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Averin Capital Acquisition Corp. reported initial insider holdings of 7,387,500 Class B ordinary shares through Averin Capital Acquisition Sponsor LLC. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis at the company’s initial business combination or earlier at the holder’s option, subject to adjustments.
The Class B shares have no expiration date and include up to 937,500 shares subject to forfeiture if the underwriters of the initial public offering do not fully exercise their over-allotment option. Handel Rose LLC controls the sponsor, and Eric Berry and David Berry may be deemed beneficial owners but disclaim ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Averin Capital Acquisition Sponsor LLC, BERRY DAVID A, Handel Rose LLC, Berry Eric Z.
Role
Director, 10% Owner | CEO and Chairman | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares, par value $0.0001 per share — 7,387,500 shares (Direct)
Footnotes (1)
- As described in the registration statement on Form S-1 (File No. 333-293082) of Averin Capital Acquisition Corp. (the "Issuer") under the heading "Description of Securities," the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date. These shares represent the Class B ordinary shares held by Averin Capital Acquisition Sponsor LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 937,500 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement. Represents shares held by Averin Capital Acquisition Sponsor LLC. Handel Rose LLC, is the sole managing member of the Sponsor and controls the management of the Sponsor, including the exercise of voting and investment discretion over the securities of the Issuer held by the Sponsor. Eric Berry and David Berry are the managers of Handel Rose LLC. David Berry and Eric Berry both may be deemed to beneficially own 7,387,500 Class B Ordinary Shares and ultimately exercise voting and dispositive power of the securities held by the Sponsor. Each such person disclaims any beneficial ownership of the securities reported herein other than to the extent of any pecuniary interest they may have therein, directly or indirectly.
FAQ
What insider holdings does Averin Capital Acquisition Corp. (ACAAU) report on this Form 3?
The filing reports beneficial ownership of 7,387,500 Class B ordinary shares held by Averin Capital Acquisition Sponsor LLC. These shares represent the sponsor’s stake in Averin Capital Acquisition Corp. and are tied to the company’s initial public offering structure and future business combination.
Who controls the sponsor of Averin Capital Acquisition Corp. (ACAAU)?
Handel Rose LLC is the sole managing member of Averin Capital Acquisition Sponsor LLC and controls its management. It exercises voting and investment discretion over Averin Capital Acquisition Corp. securities held by the sponsor, according to the beneficial ownership footnote disclosures.