InterPrivate Investment Partners V (NASDAQ: IPVVU) sponsor buys 365,000 Private Units
Rhea-AI Filing Summary
InterPrivate Investment Partners V, Inc. reported an indirect purchase of 365,000 Class A ordinary shares associated with the company’s sponsor at the time of its initial public offering. The transaction reflects 365,000 Class A shares included in Private Units acquired by InterPrivate Acquisition Management V LLC, the sponsor.
Each Private Unit was bought at $10.00 per unit in a private placement for an aggregate purchase price of $3,650,000, with each unit consisting of one Class A ordinary share and one-third of one redeemable warrant. The shares are held directly by the sponsor and indirectly by Ahmed Fattouh through his control of the sponsor’s managing member; he may be deemed to share beneficial ownership but disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 365,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. Simultaneously with the consummation of the Issuer's initial public offering, InterPrivate Acquisition Management V LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 365,000 units (the "Private Units") in a private placement for an aggregate purchase price of $3,650,000. Each Private Unit consists of one Class A ordinary share and one-third of one redeemable warrant. The reported shares are the 365,000 Class A ordinary shares included in such Private Units.
- F2. The securities are held directly by the Sponsor and indirectly by Ahmed Fattouh, who 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 any shares held by the Sponsor except to the extent of his pecuniary interest therein.
Key Figures
Key Terms
Private Units financial
redeemable warrant financial
beneficial ownership financial
dispositive control financial
pecuniary interest financial
AI-generated analysis. How Rhea-AI works. Not financial advice.