Hall Chadwick Capital reveals major stake in Hall Chadwick Acquisition Corp (HCAC)
Rhea-AI Filing Summary
Hall Chadwick Capital LLC filed an initial statement of beneficial ownership for Hall Chadwick Acquisition Corp, reporting a significant stake as a 10% owner. The firm directly holds 7,798,293 Class B ordinary shares, which are convertible into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or at the holder’s option, subject to charter-based adjustments.
It also holds 380,000 Class A ordinary shares underlying placement units the firm has irrevocably committed to purchase. Those placement units include 380,000 rights, each of which converts into one-tenth of a Class A ordinary share, for a total of 38,000 Class A ordinary shares underlying the rights upon completion of the initial business combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| holding | Rights to receive Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Footnotes (1)
- These shares underlie 380,000 placement units of the issuer that the reporting person has irrevocably committed to purchase. Each placement unit consists of one Class A ordinary share and one right to receive one-tenth (1/10) of one Class A ordinary share. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the issuer's initial business combination, or at any time and from time to time at the option of the holder, on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents. The Class B ordinary shares held by the reporting person were acquired pursuant to a securities subscription agreement by and between the reporting person and the issuer. Represents the 380,000 rights included in the placement units purchased by Hall Chadwick Capital LLC. Each right will automatically convert into one-tenth (1/10) of one Class A ordinary share upon consummation of the issuer's initial business combination and from time to time at the option of the holder on a one-for-one basis, subject to certain adjustments described in the issuer's charter documents.