B&R Technology Sponsor buys 687,500 Class A shares
B&R Technology Sponsor LLC (Cayman), a significant holder of B&R Technology Merger Corp., reported an indirect purchase of 687,500 Class A Ordinary Shares at $10.00 per share on July 22, 2026, for total indirect holdings of 687,500 shares.
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Rhea-AI Filing Summary
B&R Technology Sponsor LLC (Cayman), a significant holder of B&R Technology Merger Corp., reported an indirect purchase of 687,500 Class A Ordinary Shares at $10.00 per share on July 22, 2026, for total indirect holdings of 687,500 shares. The shares represent Class A ordinary shares underlying private placement units held by the Sponsor under a Private Placement Units Purchase Agreement, with each unit consisting of one share and one-third of one warrant. Footnotes state that the securities are held of record by the Sponsor and that David York, Alex Vieux, Steven Fletcher, Authentic Founders LLC, and Authentic Holdings LLC may be deemed to share beneficial ownership through their roles and interests in the Sponsor, while each disclaims beneficial ownership except to the extent of any pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares F1, F2 | 687,500 | $10.00 | $6.88M |
Footnotes (2)
- F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share and one-third of one warrant, each whole warrant exercisable to purchase one Class A ordinary share) directly held by B&R Technology Sponsor LLC (Cayman (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and B&R Technology Merger Corp.
- 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
private placement units financial
beneficial ownership financial
pecuniary interest financial
FAQ
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