JAB Acquisition Corp I (JABRU) CEO reports indirect founder share holdings
Filing Impact
Filing Sentiment
Form Type
3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jagid Joshua
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 1,314,282 shares (Indirect, Indirect ownership through membership in JAB Acquisition Sponsor I, LLC)
Footnotes (1)
- 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. 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." 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
Indirect Class B shares held: 1,314,282 shares
Underlying Class A shares: 1,314,282 shares
Private placement shares and warrants: 173.33 units
+2 more
5 metrics
Indirect Class B shares held
1,314,282 shares
Class B ordinary shares held through JAB Acquisition Sponsor I, LLC
Underlying Class A shares
1,314,282 shares
Class A ordinary shares issuable upon automatic conversion
Private placement shares and warrants
173.33 units
Private placement shares and warrants to be issued upon completion of private placement
Private right shares
43 shares
Private right shares to be issued upon completion of private placement
Exercise price of Class B into Class A
$0.0000 per share
Conversion or exercise price for Class B ordinary shares
Key Terms
Class B ordinary shares, Founder Shares, initial business combination, private placement shares and warrants, +2 more
6 terms
initial business combination financial
"will automatically convert ... concurrently with or immediately following the Issuer's initial business combination"
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.
anti-dilution rights financial
"subject to adjustment for share splits ... and certain anti-dilution rights"