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Director Andrew Oakley reports 20K Class B shares in Tribeca Strategic (BIDWU)

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Tribeca Strategic Acquisition Corp. director Andrew John Oakley filed an initial ownership report showing holdings of Class B ordinary shares. He holds 20,000 Class B shares, which are structured to automatically convert into 20,000 Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at his option.

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Insider Oakley Andrew John
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)
  1. [object Object]
Class B shares held 20,000 shares Initial beneficial ownership reported by director
Underlying Class A shares 20,000 shares One-for-one underlying Class A for Class B
Exercise price $0.0000 per share Conversion/exercise price shown for Class B into Class A
Class B ordinary shares financial
"the Class B ordinary shares will automatically convert into Class A ordinary shares"
Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.
Class A ordinary shares financial
"convert into Class A ordinary shares at the time of the Issuer's initial business combination"
Class A ordinary shares are a type of ownership stake in a company that typically grants voting rights to shareholders, allowing them to have a say in important company decisions. They often come with priority in receiving dividends or profits, making them attractive to investors seeking influence and potential income. These shares help distinguish different levels of ownership and rights within a company's stock structure.
initial business combination financial
"at the time of the Issuer's initial business combination, or at any time prior thereto"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
one-for-one basis financial
"convert into Class A ordinary shares ... on a one-for-one basis"
Founder Shares financial
"under the heading "Description of Securities-Founder Shares," the Class B ordinary shares"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the Oakley Form 3 filing show for Tribeca Strategic Acquisition Corp. (BIDWU)?

The filing shows Andrew John Oakley, a director, holding 20,000 Class B ordinary shares. These Class B shares are set to convert into 20,000 Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at his option.

How many Tribeca Strategic Acquisition Corp. Class B shares does Andrew Oakley report?

Andrew Oakley reports holding 20,000 Class B ordinary shares. According to the disclosure, these Class B shares are paired with 20,000 underlying Class A ordinary shares, reflecting a one-for-one conversion structure tied to the company’s future initial business combination.

How do Tribeca Strategic Acquisition Corp. Class B shares held by Oakley convert to Class A?

The Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis. Conversion occurs at the time of Tribeca Strategic Acquisition Corp.’s initial business combination, or at any time before then at the option of the holder, subject to specified adjustments.

Is Andrew Oakley’s Form 3 a report of a new transaction in BIDWU stock?

The Form 3 does not report a new buy or sell transaction. It is an initial statement of beneficial ownership, listing Andrew Oakley’s existing 20,000 Class B ordinary shares and their corresponding 20,000 underlying Class A ordinary shares under the SPAC’s founder share structure.

What is the significance of the underlying Class A shares in Oakley’s Tribeca position?

The 20,000 Class B ordinary shares correspond to 20,000 underlying Class A ordinary shares. This linkage means Oakley’s economic exposure ultimately tracks Class A equity once the SPAC completes its initial business combination or he elects earlier conversion, following the one-for-one conversion terms described.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Oakley Andrew John

(Last)(First)(Middle)
C/O TRIBECA STRATEGIC ACQUISITION CORP.
1301 AVENUE OF THE AMERICAS, 6TH FLOOR

(Street)
NEW YORK NEW YORK 10019

(City)(State)(Zip)

UNITED STATES

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
05/28/2026
3. Issuer Name and Ticker or Trading Symbol
Tribeca Strategic Acquisition Corp. [ BID ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Class B ordinary shares (1) (1)Class A ordinary shares20,000(1)D
Explanation of Responses:
1. 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.
Remarks:
See Exhibit 24: Power of Attorney
/s/ Timothy R. Ramdeen, as Attorney-in-fact05/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)