Amanat sponsor forfeits 281,250 founder shares
Amanat Sponsor Holdings LLC reported disposition transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2, F3 | 281,250 | $0.00 | $0.00 |
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
Key Terms
underwriters' over-allotment option financial
anti-dilution rights financial
initial business combination financial
other acquisition or disposition financial
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What transaction did Amanat Sponsor Holdings LLC report in this Form 4 for AMAN?
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