InterPrivate V insider reports 5.0M Class B stake
InterPrivate Acquisition Management V LLC, a 10% owner of InterPrivate Investment Partners V, Inc., reports beneficial ownership of 5,031,250 Class B ordinary shares.
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Rhea-AI Filing Summary
InterPrivate Acquisition Management V LLC, a 10% owner of InterPrivate Investment Partners V, Inc., reports beneficial ownership of 5,031,250 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis in connection with the company’s initial business combination or earlier at the holder’s option.
The position includes up to 656,250 shares that may be forfeited depending on how much of the IPO underwriters’ over-allotment option is exercised. A controlling person, Mr. Fattouh, may be deemed to share voting and dispositive control over these shares but disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (2)
- F1. The Class B ordinary shares of InterPrivate Investment Partners V, Inc. (the "Issuer") have no expiration date and will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment, as described in the Registration Statement on Form S-1 (File No. 333-295323) (the "Registration Statement") related to the Issuer's initial public offering (the "IPO").
- F2. Includes up to 656,250 shares subject to forfeiture by the reporting person depending on the extent to which the IPO underwriters' over-allotment option is exercised, as described in the Registration Statement. Mr. Fattouh controls the sole managing member of the reporting person, IPAM (M) V LLC. Consequently, Mr. Fattouh may be deemed to share voting and dispositive control over the shares held by the reporting person, and thus to share beneficial ownership of such securities. Mr. Fattouh disclaims any beneficial ownership of the securities held by the reporting person other than to the extent of his pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
over-allotment option financial
beneficial ownership financial
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What does InterPrivate Acquisition Management V LLC report in its Form 3 for IPVVU?
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