JATT II Acquisition (JATT) sponsor forfeits 225,000 shares after over-allotment expiry
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Sidhu Someit
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Ordinary Shares | 225,000 | $0.00 | -- |
Holdings After Transaction:
Ordinary Shares — 1,800,000 shares (Indirect, See Footnote)
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
Indirect holdings after transaction: 1,800,000 Ordinary Shares
2 metrics
Shares forfeited
225,000 Ordinary Shares
Forfeited to issuer at no cost upon over-allotment expiration
Indirect holdings after transaction
1,800,000 Ordinary Shares
Ordinary shares indirectly held following the restructuring event
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
"in connection with the expiration of the remaining portion of the underwriters' over-allotment option 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 other than to the extent of any pecuniary interest"
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"
general partner financial
"The Sponsor is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of the Sponsor"
A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.
FAQ
What transaction did JATT (JATT) disclose for Dr. Someit Sidhu?
JATT disclosed an administrative share adjustment where the sponsor, JATT Ventures II L.P., forfeited 225,000 Ordinary Shares to the company at no cost, linked to the expiration of the remaining underwriters' over-allotment option described in the Registration Statement.
Who holds the JATT (JATT) securities reported in this Form 4?
The securities are held of record by JATT Ventures II L.P., the sponsor. The sponsor is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu has voting and investment discretion over the ordinary shares held by the sponsor entities.
What is Dr. Someit Sidhu’s beneficial ownership position in JATT (JATT) after the transaction?
After the forfeiture, 1,800,000 Ordinary Shares are reported as indirectly held. Dr. Someit Sidhu disclaims beneficial ownership of the securities held by the sponsor except to the extent of any pecuniary interest he may have, directly or indirectly, in those holdings.
Does the JATT (JATT) Form 4 indicate a typical market buy or sell?
No, the Form 4 reflects an "other" transaction coded as J, describing forfeiture of shares by the sponsor to the issuer at no cost, related to the expiration of an over-allotment option, rather than an open-market purchase or sale of JATT shares.