Jones Ventures INTL Acquisition1 Corp (JONEU) director receives 100k Class B shares
Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Corp director Harshavardhan V Agadi was assigned 100,000 Class B ordinary shares on July 13, 2026, in connection with his appointment to the board, at $0.003 per share. These Class B shares automatically convert one-for-one into Class A shares at the initial business combination, are subject to anti-dilution adjustments and potential forfeiture tied to his board service, and have no expiration. It states the transaction was not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agadi Harshavardhan V
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. Agadi'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. Agadi, dated July 13, 2026, the Sponsor assigned 100,000 Class B ordinary shares to Mr. Agadi in connection with Mr. Agadi's appointment to the Issuer's Board of Directors.
Key Figures
Class B ordinary shares acquired: 100,000 shares
Transaction price: $0.003 per share
Underlying Class A shares: 100,000 shares
3 metrics
Class B ordinary shares acquired
100,000 shares
Assigned to director Harshavardhan V Agadi on July 13, 2026
Transaction price
$0.003 per share
Valuation per Class B ordinary share in the reported assignment
Underlying Class A shares
100,000 shares
Class B shares automatically convertible one-for-one at initial business combination
Key Terms
Class B ordinary shares, anti-dilution rights, initial business combination
3 terms
anti-dilution rights financial
"on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no"
initial business combination financial
"are 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Jones Ventures (JONEU) report for Harshavardhan V Agadi?
Jones Ventures reported that director Harshavardhan V Agadi was assigned 100,000 Class B ordinary shares on July 13, 2026, at $0.003 per share. The shares were transferred from the sponsor in connection with his appointment to the board of directors.