JATT III sponsor reports 1.73M JTTT shares
JATT III Acquisition Corp (JTTT) reports the initial beneficial ownership of its sponsor and a senior insider.
Rhea-AI Filing Summary
JATT III Acquisition Corp (JTTT) reports the initial beneficial ownership of its sponsor and a senior insider. JATT Ventures III L.P., the sponsor, holds 1,725,000 Ordinary Shares, including up to 225,000 shares that may be forfeited depending on the underwriter’s IPO over-allotment option. Dr. Someit Sidhu, the company’s CEO, Chairman, and a 10% owner, has voting and investment discretion over the sponsor’s shares but disclaims beneficial ownership beyond any pecuniary interest. No new purchase or sale is reported; this filing establishes existing holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
JATT Ventures III L.P., Sidhu Someit
Role
10% Owner | CEO and Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Ordinary Shares F1 | -- | -- | -- |
Holdings After Transaction:
Ordinary Shares — 1,725,000 shares (Direct)
Footnotes (1)
- F1. Includes up to 225,000 shares subject to forfeiture by JATT Ventures III L.P. (the "Sponsor") depending on the extent to which the underwriter's over-allotment option for the IPO (as defined below) is exercised, as described in the Registration Statement on Form S-1 (File No. 333-298161) related to the Issuer's initial public offering (the "IPO"). The Sponsor is the record holder of the securities reported herein. JATT Ventures III Ltd is the sole general partner of the Sponsor, and Dr. Someit Sidhu is a limited partner of the Sponsor. Dr. Someit Sidhu is also the sole member of JATT Ventures III Ltd. Dr. Someit Sidhu has voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Ordinary Shares held by sponsor: 1,725,000 shares
Shares subject to forfeiture: 225,000 shares
Reporting persons: 2 individuals/entities
3 metrics
Ordinary Shares held by sponsor
1,725,000 shares
Reported holdings of JATT Ventures III L.P. in JATT III Acquisition Corp
Shares subject to forfeiture
225,000 shares
Portion of sponsor’s holdings subject to forfeiture depending on IPO over-allotment option
Reporting persons
2 individuals/entities
JATT Ventures III L.P. and Dr. Someit Sidhu identified as reporting persons
Key Terms
over-allotment option, beneficial ownership, pecuniary interest, initial public offering
4 terms
over-allotment option financial
"depending on the extent to which the underwriter's over-allotment option"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
beneficial ownership financial
"Dr. Someit Sidhu disclaims any beneficial ownership of the securities"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"other than to the extent of any pecuniary interest he may have"
initial public offering financial
"related to the Issuer's initial public offering (the "IPO")"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
FAQ
What insider holdings are reported in JTTT’s Form 3?
The sponsor, JATT Ventures III L.P., reports holding 1,725,000 Ordinary Shares of JATT III Acquisition Corp. This is an initial statement of beneficial ownership rather than a report of new transactions.
What is Dr. Someit Sidhu’s role and interest in JTTT’s sponsor?
Dr. Someit Sidhu is CEO and Chairman of JATT III Acquisition Corp and a 10% owner. He is a limited partner of the sponsor, the sole member of its general partner, and has voting and investment discretion over the sponsor’s shares, while disclaiming beneficial ownership except for any pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.