Jones Ventures INTL Acquisition1 Corp (JONEU) CEO receives 100,000 convertible Class B shares
Rhea-AI Filing Summary
Alan Finbar Hill, Chief Executive Officer and director of Jones Ventures INTL Acquisition1 Corp, received 100,000 Class B ordinary shares on July 13, 2026 via an assignment from the sponsor. These Class B shares convert one-for-one into Class A at the initial business combination at $0.003 per share and are subject to potential forfeiture tied to his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hill Alan Finbar
Role
Chief Executive 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. Hill'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. Hill, dated July 13, 2026, the Sponsor assigned 100,000 Class B ordinary shares to Mr. Hill in connection with Mr. Hill's appointment to the Issuer's Board of Directors.
Key Figures
Shares acquired: 100,000 Class B ordinary shares
Transaction price: $0.003 per share
Shares held after transaction: 100,000 Class B ordinary shares
+1 more
4 metrics
Shares acquired
100,000 Class B ordinary shares
Assigned by the sponsor to Alan Finbar Hill on 2026-07-13
Transaction price
$0.003 per share
Reported price for the 100,000 Class B ordinary shares
Shares held after transaction
100,000 Class B ordinary shares
Direct holdings of Alan Finbar Hill following the acquisition
Underlying Class A shares
100,000 Class A ordinary shares
Class B shares automatically convertible one-for-one into Class A
Key Terms
Class B ordinary shares, initial business combination, anti-dilution rights, subject to forfeiture, +1 more
5 terms
initial business combination financial
"automatically convertible into the shares of the Issuer's 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, and have no expiration date"
subject to forfeiture financial
"The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Hill's service"
securities purchase agreement financial
"As contemplated by the securities purchase agreement between Jones Ventures INTL Acquisition1 Sponsor, LLC"
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 did Alan Finbar Hill report acquiring in JONEU on this Form 4?
Alan Finbar Hill reported acquiring 100,000 Class B ordinary shares of Jones Ventures INTL Acquisition1 Corp on July 13, 2026. The shares were assigned by the sponsor in connection with his appointment to the company’s Board of Directors.