Sponsor discloses 9.86M founder shares in JAB Acquisition Corp I (JABRU)
Rhea-AI Filing Summary
JAB Acquisition Sponsor I, LLC filed an initial ownership report showing beneficial ownership of 9,857,143 Class B ordinary shares of JAB Acquisition Corp I. These founder shares automatically convert into Class A ordinary shares on a one-for-one basis at the company’s initial business combination and have no expiration date.
Up to 1,285,714 of these Class B shares may be forfeited if the IPO underwriter does not fully exercise its over-allotment option. The sponsor has also committed to purchase 260,000 private placement units in the IPO, each unit consisting of one Class A share, one redeemable warrant with an $11.50 exercise price, and one right to receive one-fourth of a Class A share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JAB Acquisition Sponsor I, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 9,857,143 shares (Direct)
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 at the time of 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 shares have no expiration date.
- F2. Class B ordinary shares beneficially owned by the Reporting Person include up to 1,285,714 shares that are subject to forfeiture to the extent the underwriter of the initial public offering of the Issuer's securities does not exercise in full its over-allotment option as described in the Registration Statement.
- F3. The Reporting Person is the record holder of the Class B ordinary shares. The reporting person is governed by a board consisting of one manager. Joshua Jagid. The manager has one vote, and the approval of a majority of the managers is required to approve an action on behalf of the Reporting Person. The reported securities do not include 260,000 private placement units (the "Units"), each of which consists of one Class A ordinary share, one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per share (the Private Warrant") and one right (the "Private Right") to receive one-fourth (1/4) of one Class A ordinary share. The reporting person has committed to purchase these Units in connection with the issuer's initial public offering which is expected to close on June 11, 2026.
Key Figures
Founder shares held: 9,857,143 Class B shares
Shares subject to forfeiture: 1,285,714 Class B shares
Private placement units: 260,000 units
+3 more
6 metrics
Founder shares held
9,857,143 Class B shares
Beneficially owned by sponsor; convertible 1-for-1 into Class A
Shares subject to forfeiture
1,285,714 Class B shares
Forfeitable if IPO underwriter over-allotment not fully exercised
Private placement units
260,000 units
Sponsor commitment in connection with initial public offering
Warrant exercise price
$11.50 per share
Redeemable warrant in each private placement unit
Conversion ratio
1-for-1
Class B ordinary shares into Class A ordinary shares
Right entitlement
1/4 Class A share
Each right in private placement unit
Key Terms
Class B ordinary shares, over-allotment option, private placement units, redeemable warrant, +1 more
5 terms
over-allotment option financial
"shares that are subject to forfeiture to the extent the underwriter ... does not exercise in full its over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
private placement units financial
"The reported securities do not include 260,000 private placement units (the "Units")"
redeemable warrant financial
"one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per share"
A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.
right financial
"one right (the "Private Right") to receive one-fourth (1/4) of one Class A ordinary share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider position does the Form 3 show for JAB Acquisition Corp I (JABRU)?
The filing shows JAB Acquisition Sponsor I, LLC beneficially owns 9,857,143 Class B ordinary shares. These founder shares will convert into Class A shares on a one-for-one basis when JAB Acquisition Corp I completes its initial business combination.
What private placement units will the JAB Acquisition sponsor purchase in the IPO?
The sponsor has committed to purchase 260,000 private placement units in connection with the initial public offering. Each unit includes one Class A ordinary share, one redeemable warrant exercisable at $11.50 per share, and one right to receive one-fourth of a Class A share.