Jones Ventures (JONEU) director assigned 100,000 Class B shares
Rhea-AI Filing Summary
Cohen Shlomo, a director of Jones Ventures INTL Acquisition1 Corp, reported acquiring 100000.0000 Class B ordinary shares on July 13, 2026 through an assignment from the Sponsor in connection with his board appointment. These Class B shares are automatically convertible into 100000.0000 Class A ordinary shares upon the initial business combination, subject to anti-dilution adjustments and potential forfeiture tied to his board service. Following the transaction, he directly holds 100000.0000 Class B ordinary shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Cohen Shlomo
Role
Director
| 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. Cohen'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. Cohen, dated July 13, 2026, the Sponsor assigned 100,000 Class B ordinary shares to Mr. Cohen in connection with Mr. Cohen's appointment to the Issuer's Board of Directors.
Key Figures
Class B shares acquired: 100000.0000 Class B ordinary shares
Price per Class B share: 0.0030
Shares owned after transaction: 100000.0000 Class B ordinary shares
+1 more
4 metrics
Class B shares acquired
100000.0000 Class B ordinary shares
Class B ordinary shares assigned to Cohen Shlomo on July 13, 2026
Price per Class B share
0.0030
Implied transaction price per Class B ordinary share
Shares owned after transaction
100000.0000 Class B ordinary shares
Direct holdings following the reported acquisition
Underlying Class A shares
100000.0000 Class A ordinary shares
Number of Class A shares issuable upon conversion of the Class B shares
Key Terms
Class B ordinary shares, initial business combination, anti-dilution rights, securities purchase agreement, +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"
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.
subject to 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 transaction did Cohen Shlomo report in his Form 4 for JONEU?
Cohen Shlomo reported acquiring 100000.0000 Class B ordinary shares of Jones Ventures INTL Acquisition1 Corp on July 13, 2026. The shares were assigned by the Sponsor under a securities purchase agreement connected to his appointment to the board of directors, leaving him with 100000.0000 shares held directly.