InterPrivate CEO lists 5,031,250 Class B shares
InterPrivate Investment Partners V, Inc. director and Chief Executive Officer Ahmed Mohamed Fattouh filed an initial ownership report showing indirect control over 5,031,250 Class B ordinary shares.
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Rhea-AI Filing Summary
InterPrivate Investment Partners V, Inc. director and Chief Executive Officer Ahmed Mohamed Fattouh filed an initial ownership report showing indirect control over 5,031,250 Class B ordinary shares. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at the holder’s option.
The position is held through InterPrivate Acquisition Management V LLC, the sponsor, and includes up to 656,250 shares that may be forfeited depending on underwriters’ over-allotment exercise in the IPO. Mr. Fattouh may be deemed to share voting and dispositive control 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 InterPrivate Acquisition Management V LLC (the "Sponsor") 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 Sponsor, IPAM (M) V LLC. Consequently, Mr. Fattouh may be deemed to share voting and dispositive control over the shares held by the Sponsor, and thus to share beneficial ownership of such securities. Mr. Fattouh disclaims any beneficial ownership of the securities held by the Sponsor 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
pecuniary interest financial
FAQ
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What insider position did IPVVU CEO Ahmed Fattouh report on Form 3?
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