FG Imperii (FGIIU) CEO reports 350,000 Class B share stake
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SWETS LARRY G JR
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 350,000 shares (Direct)
Footnotes (1)
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FAQ
What insider position does the FGIIU CEO report on this Form 3?
The Form 3 shows FG Imperii Acquisition Corp. Chief Executive Officer Larry G. Swets Jr. beneficially owns 350,000 Class B ordinary shares, held directly.
What type of security does Larry G. Swets Jr. hold in FG Imperii Acquisition Corp. (FGIIU)?
He holds Class B ordinary shares, which are listed in the filing as derivative securities with an underlying right to receive Class A ordinary shares.
Is the FGIIU CEO’s ownership on this Form 3 direct or indirect?
The Form 3 lists the 350,000 Class B ordinary shares as held with direct (D) ownership and does not describe any indirect ownership structure.
Does this FGIIU Form 3 indicate a new purchase or just existing holdings?
The Form 3 is an initial statement of beneficial ownership, reporting that Larry G. Swets Jr. beneficially owns 350,000 Class B ordinary shares; it records his holdings rather than describing a specific trade.