Amanat CEO reports 150,000 founder shares

Amanat Acquisition Corp. director and Chief Executive Officer Cheruvu Pavan filed an initial ownership report showing an indirect beneficial interest in 150,000 Class B ordinary shares.

Rhea-AI Filing Summary

Amanat Acquisition Corp. director and Chief Executive Officer Cheruvu Pavan filed an initial ownership report showing an indirect beneficial interest in 150,000 Class B ordinary shares. These Class B shares are founder shares held through Amanat Sponsor Holdings LLC and will automatically convert into 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, with no stated expiration.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cheruvu Pavan

Role Chief Executive Officer

Type	Security	Shares	Price	Value
holding	Class B Ordinary Shares	--	--	--

Holdings After Transaction: Class B Ordinary Shares — 150,000 contracts (Indirect, See footnote)

Footnotes (2)

1. F1. The reporting person beneficially owns 150,000 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.
2. F2. For his services as a director and Chief Executive Officer, the Reporting Person receives indirect interest in founder shares through membership interests in the Company's sponsor, Amanat Sponsor Holdings LLC.

Key Figures

Indirect Class B holdings: 150,000 shares Underlying Class A shares: 150,000 shares Exercise/Conversion price: $0.0000 per share

3 metrics

Indirect Class B holdings 150,000 shares Class B ordinary shares beneficially owned via sponsor

Underlying Class A shares 150,000 shares Underlying Class A ordinary shares on one-for-one conversion

Exercise/Conversion price $0.0000 per share Conversion terms for Class B to Class A ordinary shares

Key Terms

beneficially owns, initial business combination, founder shares, anti-dilution rights, +1 more

5 terms

beneficially owns financial

"The reporting person beneficially owns 150,000 Class B ordinary shares..."

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

initial business combination financial

"...concurrently with or immediately following the consummation 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.

founder shares financial

"...indirect interest in founder shares through membership interests in the Company's sponsor..."

Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

anti-dilution rights financial

"...and certain anti-dilution rights as described under the heading "Description of Securities--Founder Shares and Private Placement Shares"..."

registration statement on Form S-1 regulatory

"...in the Issuer's registration statement on Form S-1 (File No. 333-295170)..."

A registration statement on Form S-1 is a detailed filing a company submits to the U.S. securities regulator to register new shares for public sale; it includes a plain-language prospectus, financial statements, business description and risk factors. For investors it matters because it provides the official, comprehensive blueprint of the offering — like an owner’s manual — allowing buyers to assess risks, inspect financial health and compare valuation before deciding to invest.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Amanat Acquisition Corp. (AMAN) disclose in this Form 3?

Amanat Acquisition Corp. reported that CEO and director Cheruvu Pavan has an indirect beneficial interest in 150,000 Class B ordinary shares. These shares are founder shares held via the sponsor and will automatically convert into Class A ordinary shares in connection with the initial business combination.

How many shares does Amanat Acquisition CEO Cheruvu Pavan beneficially own?

Cheruvu Pavan beneficially owns 150,000 Class B ordinary shares indirectly. According to the disclosure, these founder shares are held through Amanat Sponsor Holdings LLC and correspond to 150,000 underlying Class A ordinary shares on a one-for-one conversion basis, subject to specified adjustments.

How will Amanat Acquisition Corp. Class B shares held by the CEO convert?

The 150,000 Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following Amanat Acquisition Corp.’s initial business combination. They may also convert earlier at the holder’s option on a one-for-one basis, subject to customary adjustment provisions.

What is the nature of the CEO’s ownership in Amanat Acquisition (AMAN) founder shares?

The CEO’s interest in 150,000 Class B founder shares is indirect. The filing explains he receives this interest through membership interests in the company’s sponsor, Amanat Sponsor Holdings LLC, as compensation for his services as a director and Chief Executive Officer.

Do the Amanat Acquisition founder shares reported have an expiration date?

The filing states that the 150,000 Class B ordinary shares have no expiration date. These founder shares automatically convert into Class A ordinary shares around the initial business combination and are also subject to anti-dilution and adjustment rights described in the company’s Form S-1 registration statement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/19/2026 - 04:14 PM EDT Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Cheruvu Pavan

(Last) (First) (Middle)

153 CENTRAL AVENUE C/O 56

(Street)

WESTFIELD NEW JERSEY 07091

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
05/18/2026

3. Issuer Name and Ticker or Trading Symbol
Amanat Acquisition Corp. [ AMAN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	(1)	Class A Ordinary Shares	150,000	(1)	I(2)	See footnote

Explanation of Responses:

1. The reporting person beneficially owns 150,000 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.

2. For his services as a director and Chief Executive Officer, the Reporting Person receives indirect interest in founder shares through membership interests in the Company's sponsor, Amanat Sponsor Holdings LLC.

	/s/ Pavan Cheruvu	05/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)