Fortress Value Sponsor (FVAV) holds 7,157,500 convertible Class B shares
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Fortress Value Acquisition Sponsor V LLC reported its beneficial ownership of Class B ordinary shares of Fortress Value Acquisition Corp. V. The Sponsor directly holds 7,157,500 Class B shares, including 937,500 that may be forfeited if the IPO underwriter does not fully exercise its over-allotment option.
These Class B shares have no expiration date and are convertible into Class A ordinary shares on a one-for-one basis at any time at the holder’s option. They will also automatically convert into Class A shares on the completion of the company’s initial business combination, subject to the adjustment terms described in the S-1 registration statement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fortress Value Acquisition Sponsor V LLC
Role
10% Owner
| 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 — 7,157,500 shares (Direct)
Footnotes (1)
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FAQ
What insider position does Fortress Value Acquisition Sponsor V LLC report in FVAV on this Form 3?
Fortress Value Acquisition Sponsor V LLC reports direct ownership of 7,157,500 Class B ordinary shares of Fortress Value Acquisition Corp. V. This filing establishes its status as a significant, over-10% beneficial owner at the time of the company’s public registration.