Jones Ventures director awarded 30,000 Class B shares
Jones Ventures INTL Acquisition1 Corp director David J. Horin acquired 30,000 Class B ordinary shares on July 13, 2026, through an assignment from the sponsor in connection with his appointment to the board, at a stated price of $0.003 per share.
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Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Corp director David J. Horin acquired 30,000 Class B ordinary shares on July 13, 2026, through an assignment from the sponsor in connection with his appointment to the board, at a stated price of $0.003 per share.
The Class B ordinary shares are automatically convertible into 30,000 Class A ordinary shares at the time of the issuer’s initial business combination on a one-for-one basis, subject to anti-dilution rights, and have no expiration date. These Class B shares are subject to forfeiture under certain circumstances relating to Mr. Horin’s board service.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2 | 30,000 | $0.003 | $90.00 |
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. Horin's service on the Issuer's Board of Directors.
- F2. 2. As contemplated by the securities purchase agreement between Jones Ventures INTL Acquisition1 Sponsor, LLC (the "Sponsor") and Mr. Horin, dated July 13, 2026, the Sponsor assigned 30,000 Class B ordinary shares to Mr. Horin in connection with Mr. Horin's appointment to the Issuer's Board of Directors.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
forfeiture financial
FAQ
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What insider transaction did Jones Ventures INTL Acquisition1 Corp (JONEU) disclose?
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