Eagle Equity (NASDAQ: IEAGU) reports 8,625,000 Class B share stake
Rhea-AI Filing Summary
Eagle Equity Partners VI, LLC has filed an initial ownership report showing it beneficially owns 8,625,000 Class B ordinary shares of Infinite Eagle Acquisition Corp. These Class B shares are convertible into the company’s Class A ordinary shares as described in its Form S-1 and have no expiration date.
The holding includes up to 1,125,000 Class B ordinary shares that may be forfeited back to the company depending on whether underwriters exercise their over-allotment option in the initial public offering. Eagle Equity Partners VI, LLC is identified as a director by deputization and a more than 10% owner of Infinite Eagle Acquisition Corp., and it is the record holder of the reported securities.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- The Class B ordinary shares are convertible for the Issuer's Class A ordinary shares as described under the heading "Description of Securities" in the Issuer's Registration Statement filed on Form S-1 (File No. 333-291679) (the "Registration Statement") and have no expiration date. The Class B ordinary shares beneficially owned by the Reporting Person include up to 1,125,000 Class B ordinary shares subject to forfeiture to the Issuer depending on the extent to which the underwriters' over-allotment option is exercised in connection with the Issuer's initial public offering of units, as described in the Registration Statement. Eagle Equity Partners VI, LLC (the "Reporting Person") is the record holder of the securities reported herein. Each of Eli Baker, Harry Sloan and Jeff Sagansky is a managing member of the Reporting Person and no individual managing member exercises voting or dispositive control over any of the securities held by the Reporting Person. Accordingly, none of them is deemed to have or share beneficial ownership of such securities.
FAQ
What insider position does Eagle Equity Partners VI, LLC hold in Infinite Eagle Acquisition Corp. (IEAGU)?
Eagle Equity Partners VI, LLC reported beneficial ownership of 8,625,000 Class B ordinary shares of Infinite Eagle Acquisition Corp., making it a director by deputization and a more than 10% owner.
Who is the record holder of the reported Infinite Eagle Acquisition Corp. (IEAGU) securities?
Eagle Equity Partners VI, LLC is the record holder of the securities reported. The filing explains that its individual managing members are not deemed to have or share beneficial ownership of these securities.
What roles are disclosed for Eagle Equity Partners VI, LLC in relation to Infinite Eagle Acquisition Corp. (IEAGU)?
The filing identifies Eagle Equity Partners VI, LLC as a director (by deputization), a more than 10% owner, and a reporting person for its holdings of Class B ordinary shares in Infinite Eagle Acquisition Corp.