Tribeca Strategic (BIDWU) director holds rights over 20,000 Class A shares
Rhea-AI Filing Summary
Tribeca Strategic Acquisition Corp. director Dunham Gilbert H Jr. filed an initial Form 3 reporting his beneficial ownership in the company. He holds 20,000 Class B ordinary shares, which are structured to automatically convert into 20,000 Class A ordinary shares on a one-for-one basis.
According to the terms described in the company’s Form S-1, this conversion will occur at the time of the company’s initial business combination, or earlier at the holder’s option, subject to specified adjustments. The Class B shares have a stated exercise price of $0.0000, highlighting their founder-style, promotional nature rather than a market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dunham Gilbert H Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 20,000 shares (Direct)
Footnotes (1)
- F1. As described in the Issuer's Registration Statement on Form S-1, as amended (File No. 333-291431), under the heading "Description of Securities-Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the holder thereof, on a one-for-one basis, subject to certain adjustments described therein.
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