JATT sponsor forfeits 225,000 shares at no cost
JATT II Acquisition Corp. reported an administrative share adjustment involving its sponsor.
Rhea-AI Filing Summary
JATT II Acquisition Corp. reported an administrative share adjustment involving its sponsor. JATT Ventures II L.P., the sponsor, forfeited 225,000 Ordinary Shares to the company at no cost after the remaining portion of the underwriters' over-allotment option expired under the Registration Statement.
The sponsor is the record holder of the securities, and Dr. Someit Sidhu has voting and investment discretion over these shares through his roles in the sponsor entities. He disclaims beneficial ownership except to the extent of his pecuniary interest. Following the forfeiture, 1,800,000 Ordinary Shares are reported as indirectly held.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 225,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
Key Terms
over-allotment option financial
Registration Statement regulatory
beneficial ownership financial
pecuniary interest financial
general partner financial
FAQ
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What transaction did JATT (JATT) disclose for Dr. Someit Sidhu?
Who holds the JATT (JATT) securities reported in this Form 4?
What is Dr. Someit Sidhu’s beneficial ownership position in JATT (JATT) after the transaction?
Does the JATT (JATT) Form 4 indicate a typical market buy or sell?
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