Tribeca Strategic (BIDWU) sponsor reports 4.59M Class B founder shares
Rhea-AI Filing Summary
Tribeca Strategic Partners Holdco LLC reported initial beneficial ownership of 4,586,667 Class B ordinary shares of Tribeca Strategic Acquisition Corp. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis in connection with, or prior to, the company’s initial business combination, subject to adjustments described in its registration statement.
The holding includes up to 700,000 Class B shares that may be forfeited if the underwriters of the initial public offering do not fully exercise their over-allotment option. Tribeca Strategic Partners LLC is the managing member of the sponsor, and Timothy R. Ramdeen and Sukhvinder Gill, as its managing members, may be deemed to share beneficial ownership through their voting and investment discretion, while disclaiming beneficial ownership beyond their pecuniary interests.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (3)
- F1. As described in the registration statement on Form S-1, as amended (File No. 333-291431) of the Issuer under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments described therein.
- F2. These shares represent the Class B ordinary shares held by Tribeca Strategic Partners Holdco LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor. The Class B ordinary shares include up to 700,000 shares that are subject to forfeiture in the event the underwriters of the Issuer's initial public offering do not exercise in full their over-allotment option as described in the Issuer's registration statement.
- F3. The managing member of the Sponsor is Tribeca Strategic Partners LLC. Timothy R. Ramdeen, who is the Chairman and Chief Executive Officer of the Issuer, and Sukhvinder Gill, who is the Chief Operating Officer, Chief Financial Officer, and Director of the Issuer, are the managing members of Tribeca Strategic Partners, LLC and hold voting and investment discretion with respect to the Class B ordinary shares held of record by the Sponsor. As such, Messrs. Ramdeen and Gill may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Messrs. Ramdeen and Gill disclaim any beneficial ownership except to the extent of their pecuniary interest therein.
Key Figures
Key Terms
over-allotment option financial
beneficial ownership financial
pecuniary interest financial
registration statement on Form S-1 regulatory
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