Jones Ventures Sponsor holds 7,666,667 Class B shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Sponsor LLC reported holding 7,666,667 Class B ordinary shares of Jones Ventures INTL Acquisition1 Corp. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis at the time of the initial business combination and have no expiration date.
The shares are held directly by the sponsor, for which JonesTrading Institutional Services LLC has voting and investment discretion. The position includes 1,000,000 shares subject to forfeiture if underwriters do not fully exercise their over-allotment option in connection with the initial public offering.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B Ordinary Shares F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
- F2. These shares of Class B common stock are held directly by Jones Ventures INTL Acquisition1 Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement dated as of June 17, 2021, by and among the Sponsor and the registrant. JonesTrading Institutional Services LLC ("Jones") is the sole managing member of the Sponsor and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Jones 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. These shares include an aggregate of 1,000,000 shares that are subject to forfeiture to the extent that the underwriters do not exercise their over-allotment option in connection with the registrant's initial public offering in full.
Key Figures
Key Terms
anti-dilution rights financial
over-allotment option financial
beneficial ownership financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type of security is reported in the JONEU Form 3 filing?
Does the JONEU Form 3 reflect a transaction or just existing holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.