JAB Acquisition Corp I Form 3 shows sponsor holdings
JAB Acquisition Corp I director and officer Jack Bressman reported his initial beneficial ownership on Form 3.
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Rhea-AI Filing Summary
JAB Acquisition Corp I director and officer Jack Bressman reported his initial beneficial ownership on Form 3. The filing shows indirect ownership of 657,221 Class B ordinary shares through JAB Acquisition Sponsor I, LLC.
These Class B ordinary shares automatically convert into Class A ordinary shares on a one-for-one basis concurrently with or immediately following the company’s initial business combination, subject to adjustments and anti-dilution rights. The reported holdings exclude 86.66 private placement shares and warrants and 22 private right shares that are expected to be issued in a 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 86.66 private placement shares and warrants and 22 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
FAQ
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What does Jack Bressman report on his JAB Acquisition Corp I Form 3?
Is Jack Bressman’s ownership in JAB Acquisition Corp I direct or indirect?
Does the JAB Acquisition Corp I Form 3 include private placement units for Jack Bressman?
AI-generated analysis. How Rhea-AI works. Not financial advice.