Aeon Acquisition I (AESPU) CEO reports 6.11M Class B shares via sponsor
Rhea-AI Filing Summary
Aeon Acquisition I Corp. director and Chief Executive Officer Demetrios Mallios filed an initial ownership report showing indirect holdings of Class B ordinary shares. The filing reports 6,110,715 Class B ordinary shares held indirectly through Aeon Acquisition Partners I LLC, the company’s sponsor.
These Class B ordinary shares are convertible into an equal number of 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. Mallios and the Chief Financial Officer may be deemed to share beneficial ownership through their roles as managing members of the sponsor, while disclaiming beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mallios Demetrios
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 6,110,715 shares (Indirect, See Footnote)
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
Indirect Class B holdings: 6,110,715 shares
Underlying Class A shares: 6,110,715 shares
Exercise/conversion price: $0.0000 per share
3 metrics
Indirect Class B holdings
6,110,715 shares
Class B ordinary shares held via Aeon Acquisition Partners I LLC
Underlying Class A shares
6,110,715 shares
Underlying Class A ordinary shares on one-for-one conversion basis
Exercise/conversion price
$0.0000 per share
Exercise price for conversion of Class B into Class A 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
"convert into Class A ordinary shares 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 held directly by Aeon Acquisition Partners I LLC"
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
"Such persons disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Aeon Acquisition I Corp. (AESPU) Form 3 report for Demetrios Mallios?
The Form 3 reports Demetrios Mallios’ indirect ownership of 6,110,715 Class B ordinary shares of Aeon Acquisition I Corp., held through the sponsor entity Aeon Acquisition Partners I LLC, reflecting his initial beneficial ownership position as a director and Chief Executive Officer.
What beneficial ownership disclaimer appears in the Aeon Acquisition I Corp. (AESPU) Form 3?
The filing notes that executives may be deemed to share beneficial ownership of Class B ordinary shares held by Aeon Acquisition Partners I LLC, but they disclaim beneficial ownership of the reported shares except to the extent of any pecuniary interest they may have, directly or indirectly.
Are there any buy or sell transactions reported in this Aeon Acquisition I Corp. (AESPU) Form 3?
The Form 3 functions as an initial ownership report and lists indirect holdings of Class B ordinary shares, rather than open-market purchases or sales. The transaction summary shows holding entries and no recorded buy or sell transactions in this filing.