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Amanat Acquisition (AMAN) sponsor discloses 2.18M-share, 22.5% stake in SPAC

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Amanat Sponsor Holdings LLC and Dr. Sandeep Chidambar Kulkarni report beneficial ownership of 2,175,000 Class A ordinary shares of Amanat Acquisition Corp, representing 22.5% of the Class A shares based on 7,800,000 shares outstanding after the IPO and concurrent private placement, assuming full conversion of their Class B shares. Amanat Sponsor Holdings directly holds 300,000 Class A and 1,875,000 Class B ordinary shares; the Class B shares automatically convert one-for-one into Class A at the time of the initial business combination or earlier at the holder’s option. On July 2, 2026, the underwriters’ over-allotment option expired and 281,250 Class B shares held by Amanat Sponsor Holdings were forfeited for no consideration. Dr. Kulkarni, as Managing Member of Amanat Sponsor Holdings, holds voting and dispositive control over these securities.

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Beneficial ownership 2,175,000 Class A ordinary shares Aggregate shares beneficially owned by each reporting person
Ownership percentage 22.5% Percent of Class A ordinary shares represented by 2,175,000 shares
Shares outstanding 7,800,000 Class A ordinary shares Outstanding as of May 20, 2026 after IPO and concurrent private placement
Class A directly held 300,000 Class A ordinary shares Directly held by Amanat Sponsor Holdings LLC
Class B directly held 1,875,000 Class B ordinary shares Directly held by Amanat Sponsor Holdings LLC before conversion
Class B forfeited 281,250 Class B ordinary shares Forfeited for no consideration upon expiration of underwriters’ over-allotment option on July 2, 2026
Par value $0.0001 per share Par value of Class A ordinary shares
Prospectus date May 18, 2026 Date of prospectus reporting 7,800,000 Class A ordinary shares outstanding
underwriters' over-allotment option financial
"On July 2, 2026 the underwriters' over-allotment option, as described in the Registration Statement, expired."
Class B ordinary shares financial
"Amanat Holdings directly holds (i) 300,000 Class A ordinary shares and (ii) 1,875,000 Class B ordinary shares."
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
initial business combination financial
"The Class B ordinary shares will automatically convert into Class A ordinary shares at the time 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.
Registration Rights Agreement financial
"Exhibit 99.2 Registration Rights Agreement, dated May 18, 2026, among the Company, Amanat Sponsor Holdings LLC, and the Holders."
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Private Placement financial
"based upon 7,800,000 Class A ordinary shares outstanding as of May 20, 2026 after the closing of the IPO and concurrent Private Placement."
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Letter Agreement financial
"Exhibit 99.3 Letter Agreement, dated May 18, 2026, among the Company, Amanat Sponsor Holdings LLC and each of the officers and directors."

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

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FAQ

What ownership stake in AMAN does Amanat Sponsor Holdings report in this 13D/A?

Amanat Sponsor Holdings and Dr. Sandeep Kulkarni report beneficial ownership of 2,175,000 Class A ordinary shares, representing 22.5% of Amanat Acquisition Corp’s Class A shares, based on 7,800,000 Class A shares outstanding after the IPO and private placement.

How are Amanat Sponsor Holdings’ AMAN shares structured between Class A and Class B?

Amanat Sponsor Holdings directly holds 300,000 Class A ordinary shares and 1,875,000 Class B ordinary shares. The Class B shares convert into Class A on a one-for-one basis at the initial business combination or earlier at the holder’s option.

What event triggered this Schedule 13D/A amendment for AMAN?

The amendment reflects that on July 2, 2026, the underwriters’ over-allotment option expired and 281,250 Class B ordinary shares directly held by Amanat Sponsor Holdings were forfeited for no consideration, updating the sponsor’s reported holdings.

Who controls voting and dispositive power over Amanat Sponsor Holdings’ AMAN shares?

Dr. Sandeep Chidambar Kulkarni, as Managing Member of Amanat Sponsor Holdings LLC, possesses voting and dispositive control over the securities held by Amanat Sponsor Holdings, including both its Class A and Class B ordinary shares.

On what share count is the 22.5% AMAN ownership percentage based?

The 22.5% ownership percentage is based on 7,800,000 Class A ordinary shares outstanding as of May 20, 2026, after the IPO and concurrent private placement, adjusted to reflect full conversion of the Class B shares held by the reporting persons.

How do the Class B AMAN shares convert into Class A shares?

The Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis at the time of Amanat Acquisition Corp’s initial business combination, or at any time before then at the option of the holder, subject to specified adjustments.





G0375M101

(CUSIP Number)
Sandeep Kulkarni
153 Central Avenue, C/O 56,
Westfield, NJ, 07091
201-688-0364

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/02/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Amanat Sponsor Holdings LLC
Signature:/s/ Sandeep Kulkarni
Name/Title:By Sandeep Kulkarni, Managing Member
Date:08/12/2026
Sandeep Chidambar Kulkarni
Signature:/s/ Sandeep Kulkarni
Name/Title:Sandeep Kulkarni
Date:08/12/2026