Jones Ventures (JONEU) grants director 30,000 Class B ordinary shares
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Horin David J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2 | 30,000 | $0.003 | $90.00 |
Holdings After Transaction:
Class B Ordinary Shares — 30,000 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. 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
Class B shares acquired: 30,000 shares
Transaction price per share: $0.0030 per share
Shares owned after transaction: 30,000 Class B ordinary shares
+1 more
4 metrics
Class B shares acquired
30,000 shares
Class B ordinary shares assigned by the sponsor to David J. Horin on July 13, 2026
Transaction price per share
$0.0030 per share
Stated price for the 30,000 Class B ordinary shares acquired
Shares owned after transaction
30,000 Class B ordinary shares
Total Class B ordinary shares beneficially owned by David J. Horin following the transaction
Underlying Class A shares
30,000 Class A ordinary shares
Number of Class A ordinary shares issuable upon one-for-one conversion of the Class B shares
Key Terms
Class B ordinary shares, initial business combination, anti-dilution rights, forfeiture
4 terms
initial business combination financial
"convertible into Class A ordinary shares at the time of the issuer's initial business combination"
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.
anti-dilution rights financial
"on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights"
forfeiture financial
"The Class B ordinary shares are subject to forfeiture under certain circumstances"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Jones Ventures INTL Acquisition1 Corp (JONEU) disclose?
Director David J. Horin acquired 30,000 Class B ordinary shares of Jones Ventures INTL Acquisition1 Corp on July 13, 2026, via an assignment from the sponsor connected to his board appointment, at a stated price of $0.003 per share.
How did David J. Horin receive the 30,000 Jones Ventures INTL Acquisition1 Corp (JONEU) Class B shares?
Under a securities purchase agreement dated July 13, 2026, the sponsor assigned 30,000 Class B ordinary shares to David J. Horin in connection with his appointment to the board, rather than through an open-market purchase or public offering transaction.