Amanat director discloses 25,000 founder shares
Amanat Acquisition Corp. director W. Bradford Middlekauff filed an initial ownership report showing an indirect holding of 25,000 Class B ordinary shares.
Rhea-AI Filing Summary
Amanat Acquisition Corp. director W. Bradford Middlekauff filed an initial ownership report showing an indirect holding of 25,000 Class B ordinary shares. These founder shares are held through membership interests in the company’s sponsor, Amanat Sponsor Holdings LLC, rather than directly in his name.
The 25,000 Class B ordinary shares will automatically convert into 25,000 Class A ordinary shares on a one-for-one basis concurrently with or immediately following the company’s initial business combination, or earlier at the holder’s option. The footnotes state these founder shares have no expiration date and include specified adjustment and anti-dilution rights.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (2)
- F1. The reporting person beneficially owns 25,000 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.
- F2. For his services as a director, the Reporting Person receives indirect interest in founder shares through membership interests in the Company's sponsor, Amanat Sponsor Holdings LLC.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
registration statement on Form S-1 regulatory
indirect interest financial
FAQ
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