Aeon Acquisition I (NASDAQ: AESPU) sponsor holds 6.1M Class B shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Aeon Acquisition Partners I LLC, the sponsor of Aeon Acquisition I Corp., reports beneficial ownership of 6,110,715 Class B ordinary shares on this initial Form 3. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holders’ option, subject to adjustments.
The filing notes that the sponsor’s managing members, Chief Executive Officer Demetrios Mallios and Chief Financial Officer Alan Lewis, may be deemed to share beneficial ownership of these Class B shares through the sponsor but each disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Aeon Acquisition Partners I LLC
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 6,110,715 shares (Direct, null)
Footnotes (1)
- The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. Consists of 6,110,715 shares owned by Aeon Acquisition Partners I LLC (the "Sponsor"). Messrs. Demetrios Mallios, the issuer's Chief Executive Officer, and Alan Lewis, the issuer's Chief Financial Officer, are the managing members of Aeon Acquisition Partners I LLC, the issuer's sponsor. As such, they may be deemed to have or share beneficial ownership of the Class B ordinary shares held directly by Aeon Acquisition Partners I LLC. Such persons disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Sponsor Class B holdings: 6,110,715 shares
Conversion ratio: 1 Class A per 1 Class B
Exercise price: $0.0000 per share
3 metrics
Sponsor Class B holdings
6,110,715 shares
Class B ordinary shares held by sponsor
Conversion ratio
1 Class A per 1 Class B
Automatic conversion around initial business combination
Exercise price
$0.0000 per share
Listed for Class B ordinary shares
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, beneficial ownership, +1 more
5 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.
beneficial ownership financial
"they may be deemed to have or share beneficial ownership of the Class B ordinary shares..."
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.
pecuniary interest financial
"disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest..."
FAQ
What does Aeon Acquisition Partners I LLC report in this Form 3 for AESPU?
Aeon Acquisition Partners I LLC reports holding 6,110,715 Class B ordinary shares of Aeon Acquisition I Corp. These sponsor shares are reported as beneficially owned and form the initial ownership baseline disclosed for this reporting person.
Does this Form 3 for Aeon Acquisition I Corp. show any recent insider buying or selling?
The Form 3 functions as an initial ownership report and does not show any buy or sell transactions. It simply records that the sponsor holds 6,110,715 Class B ordinary shares, establishing the starting position for future ownership reporting.