InterPrivate V (IPVVU) holder owns 5,031,250 Class B shares
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
InterPrivate Acquisition Management V LLC
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 5,031,250 shares (Direct, null)
Footnotes (1)
- 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"). 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
Class B shares owned: 5,031,250 shares
Underlying Class A shares: 5,031,250 shares
Shares subject to forfeiture: 656,250 shares
+2 more
5 metrics
Class B shares owned
5,031,250 shares
Beneficial ownership reported on Form 3
Underlying Class A shares
5,031,250 shares
Class B automatically convertible 1-for-1
Shares subject to forfeiture
656,250 shares
Contingent on IPO underwriters’ over-allotment option
Exercise price
$0.0000 per share
Conversion/exercise price for Class B to Class A
Ownership status
10% owner
Reporting person status on Form 3
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, over-allotment option, +1 more
5 terms
initial business combination financial
"immediately following the consummation of the Issuer's initial business combination, or earlier"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
over-allotment option financial
"subject to forfeiture by the reporting person depending on the extent to which the IPO underwriters' over-allotment option is exercised"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
beneficial ownership financial
"thus to share beneficial ownership of such securities. Mr. Fattouh disclaims any beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does InterPrivate Acquisition Management V LLC report in its Form 3 for IPVVU?
InterPrivate Acquisition Management V LLC reports beneficial ownership of 5,031,250 Class B ordinary shares of InterPrivate Investment Partners V, Inc., which are convertible 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.