Avalanche Treasury (AVAT) director linked to 2M shares via Astral Horizon fund
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Avalanche Treasury Corp director reports indirect holdings in a Form 3. The filing shows 2,000,000 shares of Class A Common Stock are held indirectly through Astral Horizon, L.P., an investment fund managed by a four‑person board including Robert M. Hadick. Decisions require majority manager approval, and Hadick disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hadick Robert M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 2,000,000 shares (Indirect, By Astral Horizon, L.P.)
Footnotes (1)
- [object Object]
Key Figures
Indirectly held shares: 2,000,000 shares
1 metrics
Indirectly held shares
2,000,000 shares
Class A Common Stock held by Astral Horizon, L.P.
Key Terms
indirect, beneficial ownership, pecuniary interest, Class A Common Stock
4 terms
indirect financial
"ownership_type: "indirect", ownership_code: "I""
beneficial ownership financial
"Mr. Hadick disclaims beneficial ownership of the securities held by Astral Horizon Fund"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
Class A Common Stock financial
"security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What does Avalanche Treasury Corp (AVAT) Form 3 report for Robert M. Hadick?
The Form 3 reports that Robert M. Hadick is a director of Avalanche Treasury Corp and has indirect ownership of 2,000,000 Class A Common Stock shares held through Astral Horizon, L.P., an investment fund governed by a four‑person manager board.
What does indirect ownership mean in the Avalanche Treasury Corp (AVAT) Form 3?
Indirect ownership means the Avalanche Treasury Corp shares are held through an entity rather than personally. Here, 2,000,000 Class A shares are owned by Astral Horizon, L.P., and Robert M. Hadick’s interest arises through his role in the fund’s general partner.