Alpex sponsor discloses pre-IPO insider holdings
Alpex Acquisition Corp filed an initial ownership report showing that sponsor Hugreat Ltd is the record holder of significant stakes, with Shi Ningdi deemed to control those holdings through her role as sole member and director of Hugreat.
Rhea-AI Filing Summary
Alpex Acquisition Corp filed an initial ownership report showing that sponsor Hugreat Ltd is the record holder of significant stakes, with Shi Ningdi deemed to control those holdings through her role as sole member and director of Hugreat.
The sponsor holds 2,475,000 Class B ordinary shares, including up to 375,000 that may be forfeited if the underwriters’ over-allotment option is not fully exercised. It is also to acquire Private Units in a private placement, which include 180,000 Class A ordinary shares and 180,000 private rights that are expected to convert into 45,000 Class A ordinary shares after Alpex completes its initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Hugreat Ltd, Shi Ningdi
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Private Rights | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Private Rights — 45,000 contracts (Direct);
Class A Ordinary Shares — 180,000 shares (Direct);
Class B Ordinary Shares — 2,475,000 shares (Direct)
Footnotes (5)
- F1. Hugreat Ltd., a British Virgin Island company (the "Sponsor"), is the record holder of the securities reported herein. Ms. Ningdi Shi is the sole member and director of the Sponsor, which entitles her to voting, dispositive or investment power over the Sponsor. As such, Ms. Ningdi Shi is deemed to have voting and dispositive rights over the securities of Alpex Acquisition Corporation (the "Issuer") held by the Sponsor.
- F2. Including 180,000 Class A ordinary shares underlying the private units (the "Private Units") of the Issuer to be acquired by the Sponsor in a private placement (the "Private Placement") simultaneously with the consummation of the initial public offering of the Issuer. Each Private Unit consists of one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth (1/4) of one Class A ordinary share.
- F3. Represents 2,475,000 Class B ordinary shares (or insider shares) of the Issuer acquired by the Sponsor prior to the IPO, including up to 375,000 shares subject to forfeiture to the extent that the over-allotment option by the underwriters is not exercised full or in part.
- F4. Represents 45,000 Class A ordinary shares of the Issuer to be converted from 180,000 private rights of the Issuer, each private right of the Issuer entitling the holder to receive one-fourth (1/4) of one Class A ordinary share of the Issuer, underlying the Private Units to be acquired by the Sponsor in the Private Placement.
- F5. As described in the Rights Agreement between the Issuer and VStock Transfer, LLC, which is filed as Exhibit 4.4 of the Registration Statement, each private right of the Issuer will automatically convert into one-fourth (1/4) of one Class A ordinary share of the Issuer upon the completion of the Issuer's initial business combination.
Key Figures
Class B insider shares: 2,475,000 shares
Class B shares subject to forfeiture: 375,000 shares
Class A from Private Units: 180,000 shares
+3 more
6 metrics
Class B insider shares
2,475,000 shares
Class B ordinary shares held by sponsor before IPO
Class B shares subject to forfeiture
375,000 shares
Portion of Class B that may be forfeited if over-allotment not exercised
Class A from Private Units
180,000 shares
Class A ordinary shares underlying Private Units to be acquired in private placement
Private rights
180,000 rights
Each right entitles holder to one-fourth of a Class A share
Class A from rights conversion
45,000 shares
Class A ordinary shares represented by 180,000 private rights
Conversion ratio for private rights
1/4 Class A share per right
Automatic conversion upon completion of initial business combination
Key Terms
ten percent owner, Private Units, Private Placement, over-allotment option, +2 more
6 terms
ten percent owner regulatory
"reporting person is marked as a ten percent owner of the issuer"
Private Units financial
"Including 180,000 Class A ordinary shares underlying the private units of the Issuer"
Private Placement financial
"Private Units to be acquired by the Sponsor in a private placement"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
over-allotment option financial
"including up to 375,000 shares subject to forfeiture to the extent that the over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
initial business combination regulatory
"will automatically convert into one-fourth of one Class A ordinary share upon the completion 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.
Rights Agreement regulatory
"As described in the Rights Agreement between the Issuer and VStock Transfer, LLC"
A rights agreement is a contract that grants existing shareholders special rights—commonly the option to buy additional shares at a set price or to trigger protections if a takeover is attempted. Think of it like a neighborhood watch rule that lets current homeowners buy extra lots or lock the gate when an outsider tries to take over the block; it matters to investors because it can dilute or protect share value and influence takeover outcomes.
FAQ
What insider ownership does Hugreat Ltd report in Alpex Acquisition Corp (ALPXU)?
Hugreat Ltd reports holding 2,475,000 Class B ordinary shares of Alpex Acquisition Corp, plus interests tied to Private Units and private rights that can yield additional Class A shares upon conversion after the company’s initial business combination.
AI-generated analysis. How Rhea-AI works. Not financial advice.
