Jones Ventures INTL Acquisition1 (JONEU) assigns 460K Class B shares to directors
Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Sponsor LLC, a 10% owner of Jones Ventures INTL Acquisition1 Corp, reported an “other” disposition of 460,000 Class B ordinary shares on July 13, 2026 at $0.003 per share. The Sponsor assigned these shares to six directors in connection with the company’s initial public offering and their appointments to the Board.
After this transaction, the Sponsor reported holding 7,206,667 Class B ordinary shares, which are automatically convertible into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, subject to anti-dilution adjustments, and have no expiration date. The holdings include 1,000,000 shares subject to forfeiture if the underwriters do not fully exercise their over-allotment option.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2, F3 | 460,000 | $0.003 | $1K |
Footnotes (3)
- 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. In connection with the Issuer's initial public offering and the appointment of Harsha Agadi, Alan Hill, Bryan Turley, Moe Cohen, Nathan Hubbard, Dave Horin to the Issuer's Board of Directors, Jones Ventures INTL Acqusiition1 Sponsor LLC (the "Sponsor") assigned 30,000 Class B ordinary shares to each of Nathan Hubbard and Dave Horin, and 100,000 Class B ordinary shares to each of Harsha Agadi, Alan Hill, Bryan Turley, and Moe Cohen.
- F3. These Class B ordinary shares are held directly by 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 LLCis the managing member of 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
initial business combination financial
anti-dilution rights financial
over-allotment option financial
subscription agreement financial
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