BurTech CEO reports 3.57M Class B share holdings
BurTech Acquisition Corp II director and CEO Shahal M. Khan reported his initial beneficial ownership position.
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Rhea-AI Filing Summary
BurTech Acquisition Corp II director and CEO Shahal M. Khan reported his initial beneficial ownership position. The filing shows indirect ownership of 3,567,857 Class B ordinary shares through Burtech Sponsor II LLC, where he has voting and dispositive power but disclaims beneficial ownership except for any pecuniary interest.
The Class B ordinary shares are convertible into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holders’ option, and they have no expiration date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B ordinary shares | -- | -- | -- |
Footnotes (2)
- F1. Consists of shares owned by Burtech Sponsor II LLC (the "sponsor"). Shahal M. Khan is the managing member of the sponsor and has voting and dispositive power over the shares owned by the sponsor. Mr. Khan disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
- F2. The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.
Key Figures
Key Terms
beneficial ownership financial
pecuniary interest financial
initial business combination financial
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What did the BurTech Acquisition Corp II (BRKHU) Form 3 report for Shahal M. Khan?
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