Director Ruchit Shah reports 30,000 Class B shares in Bain Capital GSS (BCSS)
Rhea-AI Filing Summary
Bain Capital GSS Investment Corp. director Ruchit Shah filed an initial ownership report showing beneficial ownership of derivative securities tied to Class A ordinary shares. He purchased 30,000 Class B ordinary shares for aggregate consideration of $65.22.
These Class B shares have no expiration date and will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, subject to anti-dilution adjustments.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shah Ruchit
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares, par value $0.0001 per share — 30,000 shares (Direct)
Footnotes (1)
- F1. Pursuant to the Issuer's amended and restated memorandum and articles of association, the Class B ordinary shares have no expiration date and will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to adjustment pursuant to certain anti-dilution rights. The reporting person purchased 30,000 Class B ordinary shares for the aggregate consideration of $65.22.
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FAQ
What does the Form 3 filing for Bain Capital GSS (BCSS) disclose?
The Form 3 discloses that director Ruchit Shah beneficially owns 30,000 Class B ordinary shares of Bain Capital GSS Investment Corp. These shares automatically convert into Class A ordinary shares on a one-for-one basis at the initial business combination, subject to anti-dilution adjustments.
Does the Form 3 for Bain Capital GSS (BCSS) involve an options or warrant grant?
No, the Form 3 describes Class B ordinary shares that function as founder shares, not options or warrants. These Class B shares have no expiration date and will convert into Class A ordinary shares at the initial business combination, according to the memorandum and articles of association.
What is the role of Ruchit Shah at Bain Capital GSS (BCSS)?
The filing identifies Ruchit Shah as a director of Bain Capital GSS Investment Corp. His Form 3 serves as an initial statement of beneficial ownership, reporting his holdings of Class B ordinary shares that will convert into Class A ordinary shares in the future.