Amanat Acquisition (AMAN) sponsor discloses 2.18M-share, 22.5% stake in SPAC
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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Key Figures
Key Terms
underwriters' over-allotment option financial
initial business combination financial
Registration Rights Agreement financial
Private Placement financial
Letter Agreement financial
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