Alussa Energy Acquisition Corp. II (NYSE: ALUB-UN) Form 3 shows 7,187,500 Class A share equivalent
Rhea-AI Filing Summary
Alussa Energy Sponsor II LLC, a 10% owner of Alussa Energy Acquisition Corp. II (ALUB), reported its initial beneficial ownership on a Form 3. The filing shows derivative ownership of Class B ordinary shares that are convertible into 7,187,500 Class A ordinary shares as described in the company’s Form S-1 registration statement.
The Class B ordinary shares have no expiration date and include up to 937,500 Class B shares that may be forfeited depending on how much of the underwriters’ over-allotment option is exercised in connection with the company’s initial public offering of units. The securities are held of record by Alussa Energy Sponsor II LLC, and its managing members are stated not to have or share beneficial ownership of these securities individually.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement filed on Form S-1 (File No. 333-290822) (the "Registration Statement") and have no expiration date. The Class B ordinary shares beneficially owned by the Reporting Person include up to 937,500 Class B ordinary shares subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement. Alussa Energy Sponsor II LLC (the "Reporting Person") is the record holder of the securities reported herein. Each of Daniel Barcelo, W. Richard Anderson and Benjamin W. Atkins is a managing member of the Reporting Person and no individual managing member exercises voting or investment discretion over any of the securities held by the Reporting Person. Accordingly, none of them is deemed to have or share beneficial ownership of such securities.
FAQ
What did Alussa Energy Sponsor II LLC report in this Form 3 for ALUB-UN?
Alussa Energy Sponsor II LLC reported its initial beneficial ownership as a 10% owner of Alussa Energy Acquisition Corp. II, disclosing derivative holdings of Class B ordinary shares convertible into 7,187,500 Class A ordinary shares.
Who is the record holder of the reported ALUB-UN securities?
Alussa Energy Sponsor II LLC is the record holder of the securities. The filing notes that its managing members do not individually exercise voting or investment discretion over these securities and are not deemed to have or share beneficial ownership.
What is the relationship of the reporting person to Alussa Energy Acquisition Corp. II (ALUB-UN)?
The reporting person, Alussa Energy Sponsor II LLC, is identified as a 10% owner of Alussa Energy Acquisition Corp. II and has filed the Form 3 as a single reporting person.