Hall Chadwick Acquisition Corp (HCACU) insider details 7,798,293-share stake
Rhea-AI Filing Summary
Hall Chadwick Acquisition Corp director, chief executive officer and 10% owner Alejandro Lopez Bono disclosed his beneficial holdings in the company. He indirectly reports 380,000 Class A ordinary shares through placement units that Hall Chadwick Capital LLC has irrevocably committed to purchase, with each unit including one Class A share and a right to receive one-tenth of a Class A share.
He also reports indirect beneficial ownership of Class B ordinary shares held by the sponsor that are convertible into 7,798,293 Class A ordinary shares, additional Class B shares held directly that convert into 25,000 Class A ordinary shares, and rights held indirectly that are tied to 38,000 Class A ordinary shares. Hall Chadwick Capital LLC, the issuer’s sponsor, is jointly managed by Lopez Bono, who disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
| 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 Hall Chadwick Capital LLC 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. These shares are held directly by the issuer's sponsor, Hall Chadwick Capital LLC, which is jointly managed by the reporting person. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for any other purpose. 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 were acquired pursuant to a securities subscription agreement by and between Hall Chadwick Capital LLC and the issuer. The Class B ordinary shares were transferred from Hall Chadwick Capital LLC in consideration for consulting, success or finder fees in connection with the consummation of the initial business combination. 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.
FAQ
What insider roles does Alejandro Lopez Bono hold at Hall Chadwick Acquisition Corp (HCACU)?
Alejandro Lopez Bono is reported as a director, chief executive officer, and 10% owner of Hall Chadwick Acquisition Corp.
Does Alejandro Lopez Bono fully claim beneficial ownership of the sponsor-held securities of Hall Chadwick Acquisition Corp?
No. The securities held by Hall Chadwick Capital LLC are reported as held by the issuer’s sponsor, which is jointly managed by him, and he disclaims beneficial ownership of these securities except to the extent of his pecuniary interest in them.
What is Hall Chadwick Capital LLC’s role in relation to Hall Chadwick Acquisition Corp (HCACU)?
Hall Chadwick Capital LLC is identified as the issuer’s sponsor. It holds the placement units and Class B ordinary shares through which a large portion of the reported indirect beneficial ownership in Hall Chadwick Acquisition Corp is held.