Jones Ventures INTL Acquisition1 (JONEU) director acquires 30,000 Class B shares
Rhea-AI Filing Summary
Jones Ventures INTL Acquisition1 Corp director Nathan Hubbard acquired 30,000 Class B ordinary shares on July 13, 2026 at $0.003 per share through an assignment from the Sponsor. He now directly holds 30,000 Class B shares, which are automatically convertible into Class A shares one-for-one at the company’s initial business combination, subject to anti-dilution adjustments and possible forfeiture tied to his board service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hubbard Nathan
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. Hubbard'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. Hubbard, dated July 13, 2026, the Sponsor assigned 30,000 Class B ordinary shares to Mr. Hubbard in connection with Mr. Hubbard's appointment to the Issuer's Board of Directors.
Key Figures
Class B shares acquired: 30,000 shares
Transaction price: $0.003 per share
Shares held after transaction: 30,000 shares
+1 more
4 metrics
Class B shares acquired
30,000 shares
Class B ordinary shares assigned on July 13, 2026
Transaction price
$0.003 per share
Price for the 30,000 Class B ordinary shares acquired
Shares held after transaction
30,000 shares
Direct Class B holdings by Nathan Hubbard following the assignment
Conversion ratio
1-for-1
Each Class B ordinary share automatically convertible into one Class A share at initial business combination
Key Terms
Class B ordinary shares, initial business combination, anti-dilution rights, subject to forfeiture
4 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. Hubbard's service"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Nathan Hubbard report for Jones Ventures INTL Acquisition1 (JONEU)?
Director Nathan Hubbard reported acquiring 30,000 Class B ordinary shares of Jones Ventures INTL Acquisition1 Corp on July 13, 2026. The shares were assigned to him by the Sponsor in connection with his appointment to the company’s Board of Directors.
Was Nathan Hubbard’s JONEU transaction reported under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not marked, and there is no footnote stating the transaction was executed pursuant to a pre-arranged trading plan. It is reported as an other acquisition related to his board appointment.