JAB Acquisition CEO discloses Form 3 holdings
JAB Acquisition Corp I director and CEO Joshua Jagid filed an initial ownership report showing indirect holdings of 1,314,282 Class B ordinary shares through JAB Acquisition Sponsor I, LLC.
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Rhea-AI Filing Summary
JAB Acquisition Corp I director and CEO Joshua Jagid filed an initial ownership report showing indirect holdings of 1,314,282 Class B ordinary shares through JAB Acquisition Sponsor I, LLC. These Class B shares will automatically convert into an equal number of Class A ordinary shares upon the company’s initial business combination. Footnotes also note 173.33 private placement shares and warrants and 43 private right shares that will be issued to him at completion of the private placement.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (3)
- F1. As described in the Issuer's registration statement on Form S-1 (File No. 333-296035) (the "Registration Statement") under the heading "Description of Securities--Founder Shares", the Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer concurrently with or immediately following the Issuer's initial business combination, on a one-for-one basis, subject to adjustment for share splits, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights. Class B ordinary share have no expiration date.
- F2. The Reporting Person is a member of JAB Acquisition Sponsor I, LLC, the sponsor of the Issuer, as described in the Registration Statement under the heading "Summary - Sponsor Information."
- F3. This number does not include 173.33 private placement shares and warrants and 43 private right shares to be issued to the Reporting Person upon completion of the private placement, as described in the Registration Statement under the heading "Description of Securities - Private Units."
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
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