Fortress Value Sponsor V sells 30K FVAV Class B
Fortress Value Acquisition Sponsor V LLC, a 10% owner of Fortress Value Acquisition Corp. V, reported an open-market sale of 30,000 Class B ordinary shares.
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Rhea-AI Filing Summary
Fortress Value Acquisition Sponsor V LLC, a 10% owner of Fortress Value Acquisition Corp. V, reported an open-market sale of 30,000 Class B ordinary shares. The shares were sold at $0.003 per share for aggregate consideration of $104.35.
After this transaction, the reporting person holds 7,127,500 Class B ordinary shares. Each Class B share is convertible into a Class A ordinary share on a one-for-one basis, with no expiration date, under the issuer’s governing documents.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B ordinary shares, par value $0.0001 per share | 30,000 | $0.003 | $90.00 |
Footnotes (2)
- F1. Pursuant to the Issuer's amended and restated memorandum and articles of association, each issued and outstanding Class B ordinary share has no expiration date and (i) is 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)
- F2. The Reporting Person sold 30,000 Class B Ordinary Shares for the aggregate consideration of $104.35.
Key Figures
Key Terms
open-market sale financial
amended and restated memorandum and articles of association regulatory
convertible financial
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