STOCK TITAN

JATT II sponsor amends 13D, keeps 23.1% stake

Sponsor JATT Ventures II L.P. and CEO Someit Sidhu report 1.8 million JATT shares, about 23.10% of the class, under updated Schedule 13D/A.

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

JATT II Acquisition Corp. (JATT) received an amended Schedule 13D/A from its sponsor entity, JATT Ventures II L.P., and Dr. Someit Sidhu, primarily to correct Dr. Sidhu’s citizenship to the United Kingdom, with all other disclosures unchanged from the original filing. The reporting persons together beneficially own 1,800,000 ordinary shares, including 300,000 ordinary shares and 1,500,000 Founder Shares, representing 23.10% of the class based on 7,800,000 ordinary shares outstanding as of February 20, 2026. These holdings arose from the Sponsor’s purchase of 1,725,000 Founder Shares for $25,000, of which 225,000 were forfeited, and the purchase of 300,000 private placement shares for $3,000,000 in connection with the April 20, 2026 IPO. The Sponsor is subject to lock-up, voting, and registration rights arrangements, including agreements to vote in favor of a business combination and not seek redemption on its shares.

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Beneficial ownership 1,800,000 ordinary shares Shares beneficially owned by JATT Ventures II L.P. and Dr. Someit Sidhu
Ownership percentage 23.10% Portion of JATT ordinary shares based on 7,800,000 shares outstanding as of February 20, 2026
Shares outstanding 7,800,000 ordinary shares Total ordinary shares outstanding as of February 20, 2026 used for ownership calculation
Founder Shares originally purchased 1,725,000 shares Founder Shares purchased by Sponsor on February 12, 2026
Founder Shares forfeited 225,000 shares Founder Shares forfeited subject to expiration of the underwriters’ over-allotment option
Founder Shares purchase price $25,000 Amount paid by Sponsor for 1,725,000 Founder Shares, about $0.014 per share
Private placement shares 300,000 shares Private placement shares purchased by Sponsor at IPO on April 20, 2026
Private placement aggregate price $3,000,000 Total paid by Sponsor for 300,000 private placement shares
Founder Shares financial
"Dr. Sidhu may be deemed to beneficially own the 300,000 Ordinary Shares and 1,500,000 Founder Shares"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
Private Placement Shares financial
"Sponsor purchased 300,000 private placement shares ("Private Placement Shares") simultaneously with the consummation of the IPO"
Registration Rights Agreement regulatory
"Pursuant to the Registration Rights Agreement, the initial shareholders, including Sponsor, are entitled to registration rights"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Insider Letter regulatory
"Pursuant to the Insider Letter, Sponsor agreed, among other things, to vote all ordinary shares owned by it"
Business Combination financial
"the Issuer's business plan is to enter into a business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of JATT II Acquisition Corp. (JATT) does the sponsor and Someit Sidhu report owning?

They report beneficial ownership of 1,800,000 ordinary shares, representing 23.10% of JATT’s ordinary shares, based on 7,800,000 ordinary shares outstanding as of February 20, 2026.

How many JATT shares do JATT Ventures II L.P. and Someit Sidhu beneficially own and of what types?

They beneficially own 1,800,000 shares, consisting of 300,000 ordinary shares and 1,500,000 Founder Shares. Dr. Someit Sidhu may be deemed to beneficially own these shares through his roles with the Sponsor.

What change is made by this Amendment No. 1 to the Schedule 13D/A for JATT?

Amendment No. 1 updates and corrects the citizenship of Dr. Someit Sidhu to identify him as a citizen of the United Kingdom. The filing states that all other information from the original statement remains unchanged.

How did the sponsor acquire its JATT Founder Shares and at what cost?

On February 12, 2026, the Sponsor paid $25,000, or approximately $0.014 per share, to cover offering costs in exchange for 1,725,000 Founder Shares, of which 225,000 Founder Shares were forfeited subject to the underwriters’ over-allotment option.

What private placement in JATT shares did the sponsor participate in at the IPO?

In connection with the April 20, 2026 IPO, the Sponsor purchased 300,000 private placement shares for an aggregate purchase price of $3,000,000, under a Private Placement Shares Purchase Agreement dated April 16, 2026.

What lock-up and voting commitments affect the sponsor’s JATT holdings?

The Private Shares Purchase Agreement and Insider Letter provide that private placement shares are locked up until 30 days after the initial business combination, and the Sponsor agreed to vote all its ordinary shares in favor of a proposed business combination and not seek redemption on those shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G50765109

(CUSIP Number)
Someit Sidhu
Chief Executive Officer, 153 Central Avenue C/O 56
Westfield, NJ, 07091
201-688-0364

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
04/20/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Includes 300,000 of the Issuer's ordinary shares, $0.0001 par value ("Ordinary Shares") and 1,500,000 of the Issuer's Ordinary Shares initially purchased by JATT Ventures II L.P. (the "Sponsor") in a private placement prior to this offering (the "Founder Shares").


SCHEDULE 13D




Comment for Type of Reporting Person:
Includes 300,000 of the Issuer's Ordinary Shares, $0.0001 par value and 1,500,000 Founder Shares.


SCHEDULE 13D


JATT Ventures II L.P.
Signature:/s/ Someit Sidhu
Name/Title:Someit Sidhu, Director
Date:09/18/2026
Someit Sidhu
Signature:/s/ Someit Sidhu
Name/Title:Someit Sidhu
Date:09/18/2026

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