JATT II Acquisition Corp. (JATT) sponsor forfeits 225,000 Ordinary Shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JATT Ventures II L.P., the sponsor and a 10% owner of JATT II Acquisition Corp., forfeited 225,000 Ordinary Shares to the company at no cost after the remaining portion of the underwriters' over-allotment option expired. Following this restructuring transaction, the sponsor directly holds 1,800,000 Ordinary Shares. Dr. Someit Sidhu has voting and investment discretion over the shares held by the sponsor and disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JATT Ventures II L.P.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 225,000 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 1,800,000 shares (Direct, null)
Footnotes (1)
- 225,000 Ordinary Shares were forfeited to the Issuer by JATT Ventures II L.P. (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement. The Sponsor is the record holder of the securities reported herein. The Sponsor is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of the Sponsor. Dr. Someit Sidhu is also the sole member of JATT Ventures II Ltd. Dr. Someit Sidhu has voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Shares forfeited: 225,000 Ordinary Shares
Shares held after transaction: 1,800,000 Ordinary Shares
Transaction price per share: $0.00 per share
+2 more
5 metrics
Shares forfeited
225,000 Ordinary Shares
Forfeited to issuer at no cost upon over-allotment option expiry
Shares held after transaction
1,800,000 Ordinary Shares
Directly held by JATT Ventures II L.P. after restructuring
Transaction price per share
$0.00 per share
Forfeiture to issuer at no cost
Transaction date
June 6, 2026
Form 4 transaction date for share forfeiture
Transaction code
J
Other acquisition or disposition / restructuring
Key Terms
over-allotment option, Registration Statement, beneficial ownership, pecuniary interest, +1 more
5 terms
over-allotment option financial
"in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement"
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.
Registration Statement regulatory
"as described in the Registration Statement"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
beneficial ownership financial
"Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"other than to the extent of any pecuniary interest he may have therein, directly or indirectly"
ten percent owner regulatory
"JATT Ventures II L.P. is marked as a ten percent owner"
FAQ
What insider transaction did JATT Ventures II L.P. report for JATT?
JATT Ventures II L.P. reported forfeiting 225,000 Ordinary Shares of JATT II Acquisition Corp. to the company at no cost. This occurred when the remaining portion of the underwriters’ over-allotment option expired, adjusting the sponsor’s overall holdings without any cash changing hands.
What does transaction code J mean in the JATT Form 4 filing?
Transaction code J in this Form 4 represents an "Other" acquisition or disposition. Here it reflects a restructuring-type event, where 225,000 JATT Ordinary Shares were forfeited to the issuer at no cost related to the expiration of the underwriters’ over-allotment option.