Fortress Value V (FVAV) director holds 30,000 Class B convertible to Class A
Rhea-AI Filing Summary
Fortress Value Acquisition Corp. V director Karen Sunhyon Park has filed an initial ownership report showing a holding of 30,000 Class B ordinary shares. These Class B shares are convertible into Class A ordinary shares on a one-for-one basis at any time and will automatically convert on the same basis at the time of the company’s initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Park Karen Sunhyon
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares, par value $0.0001 per share — 30,000 shares (Direct)
Footnotes (1)
- F1. The Reporting Person owns 30,000 Class B ordinary shares, par value $0.0001 per share (the "Class B Shares"), of the Issuer. Such Class B Shares have no expiration date and (i) are convertible into Class A ordinary shares, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and (ii) will automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for one basis, in each case, subject to adjustment as described under the heading "Description of Securities-Founder Shares and Private Placement Shares" in the Issuer's registration statement on Form S-1 (File No. 333-293340).
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