Form 3: Co-managing partner discloses 1.11M indirect ASST shares with $1.35 warrants
Rhea-AI Filing Summary
Lavish James filed an Initial Statement of Beneficial Ownership (Form 3) reporting indirect ownership of 1,111,111 Class A common shares through three funds he co-manages: Bitcoin Opportunity Fund, LP (759,259 shares), Bitcoin Opportunity Fund II QP, LP (231,852 shares), and Bitcoin Opportunity Fund II, LP (120,000 shares). Each holding is paired with fully exercisable warrants to buy the same number of shares at an exercise price of $1.35. The holdings are reported as indirect and the filer disclaims beneficial ownership except to the extent of pecuniary interest.
Positive
- Clear disclosure of indirect holdings totaling 1,111,111 Class A shares across three affiliated funds
- Warrants fully exercisable at a stated exercise price of $1.35, with defined expiration mechanics tied to a registration statement
- Form filed timely and signed under power of attorney, satisfying Section 16 reporting requirements
Negative
- None.
Insights
TL;DR: Initial disclosure shows meaningful indirect stake via affiliated funds and warrants exercisable at $1.35, a routine Section 16 filing with limited immediate market impact.
The Form 3 documents that the reporting person, as co-managing partner of Graybeard BTC Management, LLC-controlled funds, holds indirect economic and voting influence over a total of 1,111,111 Class A shares and matching warrants. All warrants are fully exercisable at $1.35 and will expire one year after the resale registration statement’s effectiveness date. The filing clarifies the indirect nature of the holdings and includes a standard disclaimer of direct beneficial ownership beyond pecuniary interest.
TL;DR: Disclosure meets Section 16 requirements; indirect ownership through managed funds and POA signing are typical and non-adverse governance signals.
The report lists indirect holdings held by funds managed by an entity controlled by the reporting person and is signed by an attorney-in-fact under a power of attorney. This is a standard initial ownership disclosure that provides transparency about voting and dispositive power without indicating a change in control or immediate insider transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrant (Right to Buy) | -- | -- | -- |
| holding | Warrant (Right to Buy) | -- | -- | -- |
| holding | Warrant (Right to Buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Represents securities held by funds controlled by Graybeard BTC Management, LLC, a Nevada limited liability company, over which the Reporting Person, as co-managing partner, has voting and dispositive power. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. Each warrant is fully exercisable. The warrants will expire on the first anniversary of the effectiveness date of the registration statement relating to the resale of the registrable private investment in public equity securities underlying such warrant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
