FG Imperii CEO reports 350,000 Class B shares
FG Imperii Acquisition Corp. Chief Executive Officer Larry G. Swets Jr. filed an initial Form 3 reporting his beneficial ownership in the company.
Rhea-AI Filing Summary
FG Imperii Acquisition Corp. Chief Executive Officer Larry G. Swets Jr. filed an initial Form 3 reporting his beneficial ownership in the company. He holds 350,000 Class B ordinary shares, reported as directly owned. These Class B shares are structured as derivative securities that convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, subject to anti-dilution adjustments. The filing notes that the Class B ordinary shares have no expiration date, meaning this conversion right remains outstanding until a qualifying business combination occurs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- F1. At the time of our initial business combination, the Class B ordinary shares will convert into Class A ordinary shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The Class B ordinary shares have no expiration date.
FAQ
What insider position does the FGIIU CEO report on this Form 3?
What type of security does Larry G. Swets Jr. hold in FG Imperii Acquisition Corp. (FGIIU)?
Is the FGIIU CEO’s ownership on this Form 3 direct or indirect?
Does this FGIIU Form 3 indicate a new purchase or just existing holdings?
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