Aeon Acquisition I (AESPU) director reports 12,500 Class B shares set to convert
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Aeon Acquisition I Corp. director Cisse Sulaiman filed an initial ownership report showing holdings of 12,500 Class B ordinary shares. These Class B shares are structured to automatically convert into 12,500 Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at the holders’ option.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cisse Sulaiman
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 12,500 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Class B shares owned: 12,500 shares
Underlying Class A shares: 12,500 shares
Conversion ratio: 1:1
+1 more
4 metrics
Class B shares owned
12,500 shares
Direct holdings reported on Form 3
Underlying Class A shares
12,500 shares
Linked to Class B ordinary shares
Conversion ratio
1:1
Class B to Class A ordinary shares
Exercise price
$0.0000 per share
For conversion into Class A shares
Key Terms
Class B Ordinary Shares, Class A ordinary Shares, initial business combination, automatic conversion
4 terms
initial business combination financial
"concurrently with or immediately following the consummation of the Issuer's initial business combination"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
automatic conversion financial
"will automatically convert into Class A ordinary shares concurrently with or immediately following"
FAQ
What does the Aeon Acquisition I Corp. (AESPU) Form 3 filing show for Cisse Sulaiman?
The Form 3 shows director Cisse Sulaiman reporting ownership of 12,500 Class B ordinary shares. This is an initial statement of beneficial ownership, establishing Sulaiman’s equity position as the company begins its public reporting obligations.