[Form 3/A] American Exceptionalism Acquisition Corp. A Amended Initial Statement of Beneficial Ownership
Rhea-AI Filing Summary
American Exceptionalism Acquisition Corp. A filed an amended initial ownership report showing sponsor-related holdings in the company’s shares. The filing reports derivative ownership of 12,021,429 Class A ordinary shares underlying Class B founder shares held in the name of AEXA Sponsor LLC, which is managed by Chamath Palihapitiya. These Class B shares automatically convert into Class A shares on a one-for-one basis upon certain share price or change-of-control conditions after the company’s initial business combination, and 1,607,143 of the Class B shares are subject to forfeiture if the underwriters do not fully exercise their over-allotment option. The amendment clarifies that SC SPAC Holdings LLC is now identified with its own CIK as a reporting owner, with no change to its beneficial ownership.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. As described in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-289701), under the heading "Description of Securities - Founder Shares," Class B ordinary shares will automatically convert into Class A ordinary shares on or prior to the tenth anniversary of the Issuer's initial business combination, upon the earlier of (A) the Issuer meeting certain share price performance thresholds following the completion of its initial business combination, and (B) subsequent to the completion of its initial business combination, the date on which a change of control occurs, in each case, on a one-for-one basis, subject to adjustment as provided therein. Includes 1,607,143 Class B ordinary shares that are subject to forfeiture if the underwriters of the Issuer's initial public offering do not exercise in full their option to purchase additional Class A ordinary shares.
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