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Insight Digital Partners Sponsor LLC and Michael Singer reported a significant ownership stake in Insight Digital Partners. They beneficially own 5,540,000 Class B Ordinary Shares, which are convertible into Class A Ordinary Shares and represent 24.1% of the issuer’s ordinary shares based on outstanding shares reported in a recent quarterly report.
The filing shows the Sponsor, a U.S. entity managed by Michael Singer, holds sole voting and dispositive power over these shares. The ownership calculation excludes 5,540,000 Class A Ordinary Shares that could be issued if an equal number of private placement warrants are exercised at $11.50 per share after the issuer’s initial business combination.