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Tribeca Strategic Partners reports 25.6% stake in SPAC

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Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Tribeca Strategic Partners, its manager and executives Timothy R. Ramdeen and Sukhvinder Gill report beneficial ownership of 4,916,667 ordinary shares of Tribeca Strategic Acquisition Corp., representing 25.6% of 19,976,667 ordinary shares outstanding as of June 8, 2026.

The position consists mainly of 4,586,667 Class B Founder Shares that will automatically convert into Class A shares at the time of the initial business combination, plus 330,000 Class A shares from private placement units purchased for $3,300,000. Founder Shares were originally acquired for $10,000 in total.

Through a Letter Agreement, the sponsor has agreed to waive redemption and liquidation rights on these sponsor securities, vote all of them in favor of the business combination, and adhere to lock-up and transfer restrictions, while also receiving registration rights for these holdings.

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Beneficial ownership 4,916,667 shares Aggregate ordinary shares beneficially owned by each reporting person
Ownership percentage 25.6% Percent of 19,976,667 ordinary shares outstanding as of June 8, 2026
Shares outstanding 19,976,667 shares Ordinary shares outstanding as of June 8, 2026 used for ownership calculation
Founder Shares 4,586,667 shares Class B Founder Shares automatically convertible one-for-one into Class A
Founder Shares purchase price $10,000 total Aggregate price, approximately $0.0019 per Founder Share
Private placement units 330,000 units Placement Units purchased June 1, 2026 by sponsor
Placement units cost $3,300,000 Aggregate purchase price for 330,000 Placement Units
IPO Class A units 14,000,000 shares Class A Ordinary Shares included in IPO units
Founder Shares financial
"The aggregate purchase price for the Founder Shares (as defined below) was $10,000, approximately $0.0019 per share."
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.
Placement Units financial
"Sponsor purchased 330,000 placement units (the "Placement Units") from the Issuer for an aggregate purchase price of $3,300,000."
Letter Agreement financial
"Sponsor and the Issuer entered into a letter agreement (the "Letter Agreement") with other parties named thereunder on May 28, 2026,"
Registration Rights Agreement financial
"the Issuer entered into a registration rights agreement (the "Registration Rights Agreement") with Sponsor and other parties named thereunder on May 28, 2026."
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
over-allotment option financial
"700,000 Class B Ordinary Shares were subject to forfeiture to the extent the underwriters did not exercise its over-allotment option in connection with the Issuer's initial public offering"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
Business Combination financial
"The Founder Shares will automatically convert into shares of Class A Ordinary Shares at the time of the Issuer's initial business combination (the "Business Combination")"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

FAQ

What stake in Tribeca Strategic Acquisition Corp. (BIDWU) is reported in this Schedule 13D?

The reporting group discloses beneficial ownership of 4,916,667 ordinary shares of Tribeca Strategic Acquisition Corp., equal to 25.6% of 19,976,667 ordinary shares outstanding as of June 8, 2026. This reflects a substantial sponsor-related holding in the SPAC.

How are the 4,916,667 shares in Tribeca Strategic Acquisition Corp. (BIDWU) structured?

The 4,916,667 reported shares include 4,586,667 Founder Class B Ordinary Shares that automatically convert one-for-one into Class A at the business combination, plus 330,000 Class A shares underlying private placement units acquired by the sponsor in a separate purchase.

What did Tribeca Strategic Partners pay for its Tribeca Strategic Acquisition Corp. (BIDWU) sponsor securities?

Founder Shares were acquired for an aggregate $10,000, about $0.0019 per share. The sponsor also bought 330,000 private placement units for $3,300,000, each unit containing one Class A share and a right to additional Class A upon the business combination.

What lock-up and voting commitments apply to BIDWU sponsor and founder shares?

Under a Letter Agreement, the sponsor agreed to waive redemption and liquidating distributions for Founder and placement shares, vote all such and any acquired public shares in favor of the business combination, and observe transfer restrictions that generally last six months after the combination or until price and transaction conditions are met.

How many Tribeca Strategic Acquisition Corp. (BIDWU) shares are outstanding for ownership calculations?

Ownership percentages are based on 19,976,667 ordinary shares outstanding as of June 8, 2026. This total includes 14,000,000 Class A shares from IPO units, 5,366,667 Founder Shares, 470,000 private placement Class A shares, and 140,000 Class A Representative Shares issued to the IPO underwriters.

Have the BIDWU reporting persons recently traded Class A shares before this Schedule 13D?

The filing states that none of the reporting persons effected transactions in Class A Ordinary Shares during the 60 days preceding the report date, other than the transactions described in Item 4, such as the private placement units purchase and internal reallocations of Founder Shares.

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

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G90420103

(CUSIP Number)
Timothy R. Ramdeen
1301 Avenue of the Americas, 6th Floor,,
New York, NY, 10019
(646) 593-7050

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
Includes (i) 4,586,667 of the Issuer's (as defined below) Class B ordinary shares, $0.0001 par value ("Class B Ordinary Shares"), which are automatically convertible into the Issuer's Class A ordinary shares, $0.0001 par value ("Class A Ordinary Shares"), at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as more fully described under the heading "Description of Securities-- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291431) and (ii) 330,000 Class A Ordinary Shares underlying units (each unit consisting of one Class A Ordinary Share and one right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of the Issuer's initial business combination), acquired pursuant to a Unit Purchase Agreement (as defined below) by and between Tribeca Strategic Partners Holdco LLC and the Issuer. Excludes 33,000 Class A Ordinary Shares which would be issued upon the conversion of 330,000 rights upon the consummation of the Issuer's initial business combination.


SCHEDULE 13D




Comment for Type of Reporting Person:
Includes (i) 4,586,667 of Class B Ordinary Shares which are automatically convertible into Class A Ordinary Shares at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as more fully described under the heading "Description of Securities-- Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291431) and (ii) 330,000 Class A Ordinary Shares underlying units (each unit consisting of one Class A Ordinary Share and one right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of the Issuer's initial business combination), acquired pursuant to a Unit Purchase Agreement (as defined below) by and between Tribeca Strategic Partners Holdco LLC and the Issuer. Excludes 33,000 Class A Ordinary Shares which will be issued upon the conversion of 330,000 rights upon the consummation of the Issuer's initial business combination.


SCHEDULE 13D




Comment for Type of Reporting Person:
Includes (i) 4,586,667 of Class B Ordinary Shares which are automatically convertible into Class A Ordinary Shares at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as more fully described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291431) and (ii) 330,000 Class A Ordinary Shares underlying units (each unit consisting of one Class A Ordinary Share and one right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of the Issuer's initial business combination), acquired pursuant to a Unit Purchase Agreement by and between Tribeca Strategic Partners Holdco LLC and the Issuer. Excludes 33,000 Class A Ordinary Shares which would be issued upon the conversion of 330,000 rights upon the consummation of the Issuer's initial business combination.


SCHEDULE 13D




Comment for Type of Reporting Person:
Includes (i) 4,586,667 of Class B Ordinary Shares which are automatically convertible into Class A Ordinary Shares at the time of the Issuer's initial business combination or earlier at the option of the holder, on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, as more fully described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291431) and (ii) 330,000 Class A Ordinary Shares underlying units (each unit consisting of one Class A Ordinary Share and one right to receive one tenth (1/10) of a Class A Ordinary Share upon the consummation of the Issuer's initial business combination), acquired pursuant to a Unit Purchase Agreement by and between Tribeca Strategic Partners Holdco LLC and the Issuer. Excludes 33,000 Class A Ordinary Shares which would be issued upon the conversion of 330,000 rights upon the consummation of the Issuer's initial business combination.


SCHEDULE 13D


Tribeca Strategic Partners Holdco LLC
Signature:/s/ Timothy R. Ramdeen
Name/Title:Tribeca Strategic Partners LLC/Managing Member
Date:06/08/2026
Tribeca Strategic Partners LLC
Signature:/s/ Timothy R. Ramdeen
Name/Title:Timothy R. Ramdeen/Managing Member
Date:06/08/2026
Timothy R. Ramdeen
Signature:/s/ Timothy R. Ramdeen
Name/Title:Timothy R. Ramdeen
Date:06/08/2026
Sukhvinder Gill
Signature:/s/ Sukhvinder Gill
Name/Title:Sukhvinder Gill
Date:06/08/2026

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