Amanat Acquisition Corp. (AMAN) CFO holds 50,000 Class B shares convertible 1:1
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Amanat Acquisition Corp. Chief Financial Officer Nicholas Fernandez filed an initial ownership report showing an indirect interest in 50,000 Class B ordinary shares. These founder shares will automatically convert into Class A ordinary shares on a one-for-one basis when Amanat completes its initial business combination, or earlier at the holder’s option, and are held through the company’s sponsor, Amanat Sponsor Holdings LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fernandez Nicholas
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 50,000 shares (Indirect, See footnote)
Footnotes (1)
- The reporting person beneficially owns 50,000 Class B ordinary shares which 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 holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights as described under the heading "Description of Securities--Founder Shares and Private Placement Shares" in the Issuer's registration statement on Form S-1 (File No. 333-295170) ("Registration Statement") and have no expiration date. For his services the Chief Financial Officer, the Reporting Person receives indirect interest in founder shares through membership interests in the Company's sponsor, Amanat Sponsor Holdings LLC.
Key Figures
Founder shares held: 50,000 Class B ordinary shares
Conversion ratio: 1 Class B share for 1 Class A share
Underlying Class A shares: 50,000 Class A ordinary shares
+1 more
4 metrics
Founder shares held
50,000 Class B ordinary shares
Indirect interest reported by CFO on Form 3
Conversion ratio
1 Class B share for 1 Class A share
Automatic conversion upon initial business combination or earlier at option
Underlying Class A shares
50,000 Class A ordinary shares
Underlying securities for the 50,000 Class B ordinary shares
Exercise/conversion price
$0.0000 per share
Stated exercise or conversion price for Class B into Class A
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, founder shares, +2 more
6 terms
initial business combination financial
"…immediately following the consummation of the Issuer's initial business combination or earlier..."
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.
anti-dilution rights financial
"…and the like, and certain anti-dilution rights as described under the heading..."
indirect interest financial
"For his services the Chief Financial Officer, the Reporting Person receives indirect interest in founder shares..."
FAQ
What insider position did Amanat (AMAN) CFO Nicholas Fernandez report on Form 3?
Nicholas Fernandez reported an indirect interest in 50,000 Class B ordinary shares of Amanat Acquisition Corp. These are founder shares held through the company’s sponsor, Amanat Sponsor Holdings LLC, and represent his initial disclosed ownership position.