Tribeca Strategic Acquisition (BIDWU) sponsor acquires 330,000 private placement units

Rhea-AI Filing Summary

Tribeca Strategic Partners Holdco LLC, the sponsor of Tribeca Strategic Acquisition Corp., purchased 330,000 private placement units at $10 per unit. These units include 330,000 Class A ordinary shares and 330,000 rights, each right convertible into one-tenth of a Class A share upon the company’s initial business combination, for up to 33,000 additional shares.

The managing member of the sponsor is Tribeca Strategic Partners LLC, whose managing members are Chairman and CEO Timothy R. Ramdeen and COO/CFO/Director Sukhvinder Gill. They may be deemed to beneficially own these securities through the sponsor but disclaim beneficial ownership beyond their pecuniary interests.

Insights

Equity capital markets analyst

Sponsor buys 330,000 SPAC units, aligning economics with future deal.

The sponsor of Tribeca Strategic Acquisition Corp. acquired 330,000 private placement units at $10 per unit, each with one Class A share and one right. The rights together could become 33,000 additional shares after the initial business combination.

This is a typical SPAC structure where sponsors commit capital upfront and receive equity plus rights tied to completing a business combination. Economics for Chairman/CEO Timothy R. Ramdeen and COO/CFO/Director Sukhvinder Gill flow through their roles as managing members of the sponsor, with explicit limitations to their beneficial ownership based on pecuniary interest.

Insider Trade Summary

Net Buyer: 660,000 shares ($3,300,000)

Net Buy 2 txns

Insider Tribeca Strategic Partners Holdco LLC, Tribeca Strategic Partners LLC, Ramdeen Timothy R., Gill Sukhvinder

Role null | null | Chairman, CEO | COO. CFO

Bought 660,000 shs ($3.30M)

Type	Security	Shares	Price	Value
Purchase	Rights to receive Class A ordinary shares	330,000	$0.00	--
Purchase	Class A ordinary shares	330,000	$10.00	$3.30M

Holdings After Transaction: Rights to receive Class A ordinary shares — 330,000 shares (Direct, null); Class A ordinary shares — 330,000 shares (Direct, null)

Footnotes (1)

1. Reflects the 330,000 Class A ordinary shares of Tribeca Strategic Acquisition Corp. (the "Issuer") that are included in the 330,000 private placement units of the Issuer purchased by Tribeca Strategic Partners Holdco, LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination. 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 securities held of record by the Sponsor reported herein. 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. Represents the 33,000 Class A ordinary shares that may be acquired by Sponsor upon the conversion of 330,000 rights included in the Sponsor's private placement units upon consummation of the Issuer's initial business combination. As described in the Registration Statement on Form S-1, as amended (File No. 333-291431) under the heading "Description of Securities--Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein. No fractional Class A ordinary shares will be issued upon conversion of such rights.

Key Figures

Private placement units purchased: 330,000 units Purchase price per unit: $10 Class A shares in units: 330,000 shares +2 more

5 metrics

Private placement units purchased 330,000 units Each unit at $10 with one Class A share and one right

Purchase price per unit $10 Price paid by sponsor for each private placement unit

Class A shares in units 330,000 shares Shares included in the 330,000 private placement units

Rights acquired 330,000 rights Rights to receive Class A ordinary shares in the units

Underlying shares from rights 33,000 shares Class A shares issuable upon conversion of 330,000 rights

Key Terms

private placement units, beneficial ownership, pecuniary interest, initial business combination, +1 more

5 terms

private placement units financial

"Reflects the 330,000 Class A ordinary shares ... included in the 330,000 private placement units of the Issuer purchased"

beneficial ownership financial

"As such, Messrs. Ramdeen and Gill may be deemed to have beneficial ownership of the securities"

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

"Messrs. Ramdeen and Gill disclaim any beneficial ownership except to the extent of their pecuniary interest therein"

initial business combination financial

"upon consummation of the Issuer's initial business combination"

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.

rights financial

"Each private placement unit ... consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share"

Rights are special privileges that give existing shareholders the opportunity to buy additional shares of a company's stock before they are offered to the public. They help investors maintain their ownership percentage and can be seen as a way to protect their investment stake. Think of rights like a VIP pass allowing current investors to purchase new shares first, ensuring they can preserve their influence in the company.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tribeca Strategic Partners Holdco LLC

(Last) (First) (Middle)

1301 AVENUE OF THE AMERICAS 6TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Tribeca Strategic Acquisition Corp. [ BID ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A ordinary shares	06/01/2026		P		330,000(1)	A	$10	330,000	D(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Rights to receive Class A ordinary shares	(3)	06/01/2026		P		330,000(3)		(3)	(3)	Class A Ordinary Shares	33,000(3)	(3)	330,000	D(2)

1. Name and Address of Reporting Person^*

Tribeca Strategic Partners Holdco LLC

(Last) (First) (Middle)

1301 AVENUE OF THE AMERICAS 6TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Tribeca Strategic Partners LLC

(Last) (First) (Middle)

1301 AVENUE OF THE AMERICAS 6TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ramdeen Timothy R.

(Last) (First) (Middle)

1301 AVENUE OF THE AMERICAS 6TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, CEO

1. Name and Address of Reporting Person^*

Gill Sukhvinder

(Last) (First) (Middle)

1301 AVENUE OF THE AMERICAS 6TH FLOOR

(Street)

NEW YORK NEW YORK 10019

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COO. CFO

Explanation of Responses:

1. Reflects the 330,000 Class A ordinary shares of Tribeca Strategic Acquisition Corp. (the "Issuer") that are included in the 330,000 private placement units of the Issuer purchased by Tribeca Strategic Partners Holdco, LLC ("Sponsor"). Each private placement unit was purchased for $10 per unit and consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination.

2. 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 securities held of record by the Sponsor reported herein. 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.

3. Represents the 33,000 Class A ordinary shares that may be acquired by Sponsor upon the conversion of 330,000 rights included in the Sponsor's private placement units upon consummation of the Issuer's initial business combination. As described in the Registration Statement on Form S-1, as amended (File No. 333-291431) under the heading "Description of Securities--Rights," each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the Issuer's initial business combination, subject to certain adjustments described therein. No fractional Class A ordinary shares will be issued upon conversion of such rights.

	/s/ Timothy R. Ramdeen, Managing Member of Tribeca Strategic Partners LLC, Managing Member of Tribeca Strategic Partners Holdco LLC	06/02/2026
	/s/ Timothy R. Ramdeen, Managing Member of Tribeca Strategic Partners LLC	06/02/2026
	/s/ Timothy R. Ramdeen	06/02/2026
	/s/ Sukhvinder Gill	06/02/2026
	** Signature of Reporting Person	Date
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 4 (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 4: SEC 1474 (03-26)

FAQ

What insider purchase did Tribeca Strategic Acquisition Corp. (BIDWU) report?

The sponsor bought 330,000 private placement units at $10 each. Every unit includes one Class A ordinary share and one right, giving the sponsor equity exposure plus additional upside tied to the future initial business combination.

How many Tribeca Strategic Acquisition Corp. Class A shares are tied to the sponsor’s units?

The sponsor’s 330,000 private placement units include 330,000 Class A shares. The attached 330,000 rights may convert into up to 33,000 additional Class A shares when the company completes its initial business combination, subject to the described adjustments.

Who controls the securities purchased in this Tribeca Strategic Acquisition Corp. Form 4?

Tribeca Strategic Partners Holdco LLC holds the securities, with Tribeca Strategic Partners LLC as managing member. Timothy R. Ramdeen and Sukhvinder Gill manage that entity, may be deemed beneficial owners, but disclaim ownership beyond their pecuniary interests in the sponsor.

What are the rights included in Tribeca Strategic Acquisition Corp.’s private placement units?

Each private placement unit includes one right that converts into one-tenth of a Class A ordinary share. Upon consummation of the company’s initial business combination, 330,000 rights could convert into 33,000 Class A shares, with no fractional shares issued.

Is the Tribeca Strategic Acquisition Corp. insider transaction an open-market purchase?

Yes. The Form 4 classifies both the Class A shares and the rights transactions with code P, indicating open-market or private purchases. The acquired securities are part of 330,000 private placement units bought at $10 per unit by the sponsor entity.