Jones Ventures director assigned 100k Class B shares
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares F1, F2 | 100,000 | $0.003 | $300.00 |
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. 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
Key Terms
anti-dilution rights financial
initial business combination financial
FAQ
What insider transaction did Jones Ventures (JONEU) report for Harshavardhan V Agadi?
AI-generated analysis. How Rhea-AI works. Not financial advice.