B&R Technology Merger insider reports 12.46M Class B shares
B&R Technology Merger Corp. reported the initial beneficial ownership of Class B ordinary shares by several related entities and individuals.
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Rhea-AI Filing Summary
B&R Technology Merger Corp. reported the initial beneficial ownership of Class B ordinary shares by several related entities and individuals. The filing lists 12,458,333 Class B ordinary shares, held indirectly through B&R Technology Sponsor LLC (Cayman), with corresponding underlying Class A ordinary shares on a one-for-one basis.
The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the company’s initial business combination on a one-for-one basis and have no expiration date. The Sponsor is the record holder, while David York, Alex Vieux, Steven Fletcher, Authentic Founders LLC, and Authentic Holdings LLC may be deemed to share beneficial ownership through their roles and membership interests, but each disclaims beneficial ownership except to the extent of their pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares, par value $0.0001 per share F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis. The Class B ordinary shares have no expiration date.
- F2. B&R Technology Sponsor LLC (Cayman) ("Sponsor") is the record holder of the securities reported herein. David York, Alex Vieux and Steven Fletcher are managing members of Sponsor. Alex Vieux and Steven Fletcher are managing members of Authentic Founders, LLC, which is the managing member of Authentic Holdings, LLC, which is a member of Sponsor. By virtue of these relationships, each of these entities and individuals may be deemed to share beneficial ownership of the securities held of record by Sponsor. Each of them disclaims any such beneficial ownership except to the extent of their pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
beneficial ownership financial
pecuniary interest financial
FAQ
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