IPVV sponsor buys 365,000 IPO Private Units
InterPrivate Acquisition Management V LLC, a 10% owner of InterPrivate Investment Partners V, Inc., bought 365,000 Class A ordinary shares through Private Units purchased at $10.00 per unit in a private placement, for an aggregate $3,650,000.
Rhea-AI Filing Summary
InterPrivate Acquisition Management V LLC, a 10% owner of InterPrivate Investment Partners V, Inc., bought 365,000 Class A ordinary shares through Private Units purchased at $10.00 per unit in a private placement, for an aggregate $3,650,000.
Each Private Unit consists of one Class A ordinary share and one-third of one redeemable warrant. The reported 365,000 Class A shares are the shares included in these Private Units, which are held directly by the Sponsor.
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
ten percent owner financial
FAQ
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What insider transaction did IPVVU report on this Form 4?
What price did the IPVVU Sponsor pay for the Private Units?
Who holds the InterPrivate Investment Partners V (IPVVU) securities after this transaction?
What do the IPVVU Private Units consist of for this insider purchase?
Is this IPVVU insider transaction an open-market purchase or private placement?
AI-generated analysis. How Rhea-AI works. Not financial advice.