JATT (JATT) CEO-linked sponsor adds 300K private placement shares
Rhea-AI Filing Summary
JATT II Acquisition Corp. director and CEO Dr. Someit Sidhu reported an indirect open-market style purchase linked to the company’s sponsor. An affiliated entity, JATT Ventures II L.P., bought 300,000 ordinary shares as private placement shares under an agreement dated April 16, 2026. Following this transaction, Dr. Sidhu is reported as having indirect ownership of 2,025,000 ordinary shares through the sponsor structure. The filing notes that up to 225,000 ordinary shares are subject to possible forfeiture depending on how the underwriter’s over-allotment option from the IPO was exercised, and Dr. Sidhu disclaims beneficial ownership beyond his economic interest.
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Insights
CEO-linked sponsor entity acquires 300,000 private placement shares, increasing indirect holdings to 2,025,000.
The filing shows JATT Ventures II L.P., the SPAC sponsor associated with CEO Dr. Someit Sidhu, purchased 300,000 private placement ordinary shares under an agreement dated April 16, 2026. This raises indirect reported holdings to 2,025,000 ordinary shares.
The filing also states that up to 225,000 of these ordinary shares may be forfeited depending on the underwriter’s over-allotment option from the IPO. Dr. Sidhu has voting and investment discretion over the sponsor’s holdings but formally disclaims beneficial ownership beyond his pecuniary interest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary shares | 300,000 | $0.00 | -- |
Footnotes (1)
- Reflects the 300,000 private placement shares purchased by JATT Ventures II L.P., the Issuer's sponsor, pursuant to the Private Placement Shares Purchase Agreement dated April 16, 2026 entered into with the Issuer. Including up to 225,000 Ordinary Shares subject to forfeiture depending on the extent to which the Issuer's underwriter' over-allotment option was exercised during the Issuer's initial public offering. JATT Ventures II L.P. is the record holder of the securities reported herein. JATT Ventures II Ltd is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of JATT Ventures II L.P.. 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 JATT Ventures II L.P. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by JATT Ventures II L.P. other than to the extent of any pecuniary interest he may have therein, directly or indirectly.