Amanat Acquisition Corp. (AMAN) sponsor forfeits 281,250 Class B founder shares
Rhea-AI Filing Summary
Amanat Sponsor Holdings LLC reported disposition transactions in this Form 4 filing.
Amanat Sponsor Holdings LLC, a 10% owner of Amanat Acquisition Corp., reported an internal restructuring transaction involving its founder shares. On 2026-07-02, the sponsor forfeited 281,250 Class B ordinary shares to the company at no cost in connection with the expiration of the underwriters' over-allotment option. These Class B shares are structured to automatically convert into Class A ordinary shares on a one-for-one basis upon the initial business combination, with certain anti-dilution adjustments. Following this forfeiture, the sponsor directly holds 1,875,000 Class B ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Amanat Sponsor Holdings LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2, F3 | 281,250 | $0.00 | $0.00 |
Holdings After Transaction:
Class B Ordinary Shares — 1,875,000 shares (Direct)
Footnotes (3)
- F1. The 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. 281,250 Class B Ordinary Shares were forfeited to the Issuer by the Reporting Person at no cost, in connection with the expiration of the underwriters' over-allotment option as described in the Registration Statement.
- F3. Dr. Sandeep Kulkarni is the sole managing member of the Reporting Person and has voting and investment discretion with respect to the securities reported herein. Dr. Sandeep Kulkarni is the Chairman of the Board of Directors of the Issuer and and files separate Section 16 reports.
Key Figures
Shares forfeited: 281,250 Class B ordinary shares
Shares held after transaction: 1,875,000 Class B ordinary shares
Transaction price per share: $0.0000 per share
+2 more
5 metrics
Shares forfeited
281,250 Class B ordinary shares
Forfeited to the issuer at no cost upon expiration of underwriters' over-allotment option
Shares held after transaction
1,875,000 Class B ordinary shares
Directly owned by Amanat Sponsor Holdings LLC following the reported transaction
Transaction price per share
$0.0000 per share
Forfeiture of Class B ordinary shares to the issuer at no cost
Underlying Class A shares
281,250 Class A ordinary shares
Underlying security for the forfeited Class B ordinary shares on a one-for-one conversion basis
Transaction date
2026-07-02
Date of the other acquisition or disposition (code J) reported
Key Terms
underwriters' over-allotment option, Class B ordinary shares, anti-dilution rights, initial business combination, +1 more
5 terms
underwriters' over-allotment option financial
"forfeited to the Issuer by the Reporting Person at no cost, in connection with the expiration of the underwriters' over-allotment option"
anti-dilution rights financial
"subject to adjustment for share sub-divisions ... and certain anti-dilution rights as described"
initial business combination financial
"will automatically convert into Class A ordinary shares 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.
other acquisition or disposition financial
"transaction_code_description": "Other acquisition or disposition""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Amanat Sponsor Holdings LLC report in this Form 4 for AMAN?
Amanat Sponsor Holdings LLC reported forfeiting 281,250 Class B ordinary shares of Amanat Acquisition Corp. to the issuer at no cost, tied to the expiration of the underwriters' over-allotment option.
Was the AMAN Form 4 transaction under a Rule 10b5-1 trading plan?
The document-level Rule 10b5-1 checkbox is not checked, and the transaction is described as an other acquisition or disposition related to the over-allotment expiration, not as a trade under a 10b5-1 plan.