Amanat Acquisition (NASDAQ: AMAN) sponsor reports 2.16M Class B founder shares
Rhea-AI Filing Summary
Amanat Sponsor Holdings LLC, the sponsor of Amanat Acquisition Corp., reports its initial beneficial ownership on a Form 3. The sponsor beneficially owns 2,156,250 Class B ordinary shares that will automatically convert into Class A ordinary shares on a one-for-one basis upon completion of the company’s initial business combination or earlier at the holder’s option, subject to customary anti-dilution adjustments and with no expiration date. These holdings include up to 281,250 Class B ordinary shares that may be forfeited depending on how much of the underwriters’ over-allotment option is exercised in connection with the initial public offering. The shares are held of record by Amanat Sponsor Holdings LLC, and Dr. Sandeep Kulkarni, the sponsor’s sole managing member, has voting and investment discretion over these shares but disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The reporting person beneficially owns 2,156,250 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. The Class B ordinary shares beneficially owned by the Reporting Person include up to 281,250 Class B ordinary shares subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in full in connection with the Issuer's initial public offering of shares, as described in the Registration Statement. Amanat Sponsor Holdings LLC is the record holder of the securities reported herein. Dr. Sandeep Kulkarni is the sole managing member of our sponsor and has voting and investment discretion with respect to the ordinary shares held of record by Amanat Sponsor Holdings LLC. Dr. Sandeep Kulkarni disclaims any beneficial ownership of the securities held by Amanat Sponsor Holdings LLC other than to the extent of any pecuniary interest he may have therein, directly or indirectly.