Jones Ventures (JONEU) grants CFO 100,000 Class B ordinary shares
Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Corp reported that Chief Financial Officer Bryan Patrick Turley acquired 100,000 Class B ordinary shares on July 13, 2026 at $0.003 per share. These shares were assigned to him by the sponsor under a securities purchase agreement tied to his appointment to the Board of Directors.
The Class B ordinary shares automatically convert into an equal number of Class A ordinary shares at the time of the initial business combination, subject to anti-dilution adjustments, have no expiration date, and may be forfeited under certain conditions relating to his Board service. Following the transaction, he directly holds 100,000 Class B ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turley Bryan Patrick
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2 | 100,000 | $0.003 | $300.00 |
Holdings After Transaction:
Class B Ordinary Shares — 100,000 shares (Direct)
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. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Turley's service on the Issuer's Board of Directors.
- F2. As contemplated by the securities purchase agreement between Jones Ventures INTL Acquisition1 Sponsor, LLC (the "Sponsor") and Mr. Turley, dated July 13, 2026, the Sponsor assigned 100,000 Class B ordinary shares to Mr. Turley in connection with Mr. Turley's appointment to the Issuer's Board of Directors.
Key Figures
Shares acquired: 100,000 shares
Price per share: $0.003 per share
Underlying Class A shares: 100,000 shares
+1 more
4 metrics
Shares acquired
100,000 shares
Class B ordinary shares acquired by the CFO on July 13, 2026
Price per share
$0.003 per share
Transfer price for the Class B ordinary shares assigned by the sponsor
Underlying Class A shares
100,000 shares
Class A ordinary shares issuable upon automatic conversion of the Class B shares
Post-transaction holdings
100,000 shares
Class B ordinary shares directly held by the CFO after the reported transaction
Key Terms
Class B ordinary shares, anti-dilution rights, initial business combination, securities purchase agreement
4 terms
anti-dilution rights financial
"subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date"
initial business combination financial
"automatically convertible into ... at the time of the Issuer's initial business combination on a one-for-one basis"
An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.
securities purchase agreement regulatory
"As contemplated by the securities purchase agreement between Jones Ventures INTL Acquisition1 Sponsor, LLC and Mr. Turley"
A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did JONEU report for CFO Bryan Patrick Turley?
Jones Ventures INTL Acquisition1 Corp reported that CFO Bryan Patrick Turley acquired 100,000 Class B ordinary shares on July 13, 2026. The shares were assigned to him by the sponsor under a securities purchase agreement connected to his appointment to the Board of Directors.
Was the JONEU insider transaction made under a Rule 10b5-1 trading plan?
No. The report indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan, as the Rule 10b5-1 checkbox is not affirmed. Instead, the acquisition arose from a securities purchase agreement with the company’s sponsor.