B&R Technology Sponsor buys 687,500 shares at $10
B&R Technology Sponsor LLC (Cayman) and Steven C. Fletcher reported a purchase of 687,500 Class A Ordinary Shares of B&R Technology Merger Corp. at $10.00 per share in an indirect transaction.
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Rhea-AI Filing Summary
B&R Technology Sponsor LLC (Cayman) and Steven C. Fletcher reported a purchase of 687,500 Class A Ordinary Shares of B&R Technology Merger Corp. at $10.00 per share in an indirect transaction. The shares represent the equity component of private placement units held of record by the Sponsor, resulting in 687,500 shares indirectly owned after the transaction. Managing members, including Steven Fletcher, may be deemed to share beneficial ownership through their interests in the Sponsor but disclaim such ownership except to the extent of their pecuniary interest.
Insights
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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 Holders 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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What insider transaction did BRTMU report in this Form 4?
Who is the record holder of the BRTMU securities in this Form 4?
What role does Steven C. Fletcher have in relation to BRTMU and this Form 4?
What are the private placement units referenced in the BRTMU Form 4 footnote?
Was the BRTMU Form 4 transaction executed under a Rule 10b5-1 trading plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.