Aurelion (AURE) director Jin Xin reports significant indirect share and warrant stakes
Rhea-AI Filing Summary
Aurelion Inc. director Jin Xin (Moore) filed an initial ownership report showing indirect holdings in the company through Unity Ideal Limited. The filing lists 1,666,667 Class A ordinary shares held indirectly, plus several warrant positions over additional Class A ordinary shares.
The indirect holdings include pre-funded warrants over 1,111,112 Class A ordinary shares with a conversion price of $0.001, Series A-1 ordinary warrants over 1,388,889 Class A ordinary shares at $4.70, and Series A-2 ordinary warrants over 1,388,889 Class A ordinary shares at $5.40. Another warrant position is exercisable for up to 3,169,805 Class A ordinary shares or, subject to board approval, Class B ordinary shares at an exercise price of $10.00.
The warrants are subject to a Beneficial Ownership Limitation, which generally prevents exercises that would take the holder above 4.99% of outstanding Class A ordinary shares. This limit can be adjusted by notice, up to 9.99%, with any increase becoming effective on the 61st day after notice.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Pre-Funded Warrants | -- | -- | -- |
| holding | Series A-1 Ordinary Warrants | -- | -- | -- |
| holding | Series A-2 Ordinary Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The warrants contain certain exercise limitations, including a limitation prohibiting the holder from exercising the warrants to the extent that such exercise would result in the holder and its affiliates beneficially owning in excess of the Beneficial Ownership Limitation (as defined below). The "Beneficial Ownership Limitation" shall be 4.99% of the number of Class A ordinary shares outstanding immediately after giving effect to the issuance of Class A ordinary shares issuable upon exercise of the warrants. The holder, upon notice to the Issuer, may increase or decrease the Beneficial Ownership Limitation provisions of the warrants, provided that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of Class A ordinary shares outstanding immediately after giving effect to the issuance of Class A ordinary shares upon exercise of the warrants held by the holder. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Issuer. There is no expiration date for these warrants. These warrants are exercisable for up to 3,169,805 Class A ordinary shares of the Issuer, or, subject to approval by the board of directors of the Issuer, Class B ordinary shares of the Issuer.
