STOCK TITAN

JATT III sponsor discloses 22.1% ownership stake

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

JATT III Acquisition Corp (JTTT) received a Schedule 13D from its sponsor, JATT Ventures III L.P., and Chairman and CEO Dr. Someit Sidhu, reporting beneficial ownership of 1,959,000 ordinary shares, representing 22.1% of the company’s ordinary shares outstanding as of September 3, 2026.

The position consists of 1,725,000 Founder Shares acquired for $25,000 on June 9, 2026 (after a forfeiture of 431,250 shares) and 234,000 placement shares purchased for $2,340,000 in a private placement completed simultaneously with the August 27, 2026 IPO. The sponsor has sole voting and dispositive power over these shares, and Dr. Sidhu has voting and investment discretion through his control of the sponsor while disclaiming beneficial ownership beyond any pecuniary interest.

The filing describes agreements giving the sponsor registration rights and imposing a lock-up on the 234,000 placement shares until 30 days after completion of the company’s initial business combination, subject to certain exceptions. The sponsor has also agreed to vote its shares in favor of a proposed business combination and not to seek redemption of its shares. The reporting persons state they may buy or sell additional securities over time but currently have no specific plans for further transactions or corporate changes beyond executing the SPAC’s business combination strategy.

Positive

  • None.

Negative

  • None.
Beneficial ownership 1,959,000 ordinary shares Shares beneficially owned by the reporting persons
Ownership percentage 22.1% Portion of JATT III Acquisition Corp ordinary shares outstanding as of September 3, 2026
Shares outstanding 8,859,000 ordinary shares Total ordinary shares outstanding as of September 3, 2026
Founder Shares held 1,725,000 shares Founder Shares currently held by the sponsor after forfeiting 431,250 shares
Founder Shares purchase price $25,000 Amount paid on June 9, 2026 for 2,156,250 Founder Shares before forfeiture
Placement Shares acquired 234,000 shares Ordinary shares purchased by the sponsor in the private placement at IPO
Placement Shares purchase price $2,340,000 Aggregate purchase price for 234,000 placement shares on August 27, 2026
Lock-up duration 30 days Placement Shares transfer restricted until 30 days after completion of initial business combination
Founder Shares financial
"our Sponsor paid $25,000 to cover certain offering costs in exchange for 2,156,250 ordinary shares (the "Founder Shares")"
Founder shares are the ownership stakes given to the people who start a company, often with extra voting power or protections compared with ordinary shares. For investors, they matter because founders’ control and incentives influence decisions about strategy, hiring, and whether the company sells or stays independent — like a family that keeps majority voting rights in a household decision. High founder ownership can mean stable leadership but also a risk that outside shareholders have less influence.
Private Placement Share Purchase Agreement regulatory
"Sponsor is a party to a Private Placement Share Purchase Agreement, dated August 25, 2026"
Registration Rights Agreement regulatory
"a Registration Rights Agreement, dated August 25, 2026, by and between the Issuer and the Sponsor"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Letter Agreement regulatory
"a Letter Agreement, dated August 25, 2026, by and among the Issuer, the Sponsor and certain parties"
Business Combination financial
"the Issuer's business plan is to enter into a business combination"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.

FAQ

How much of JATT III Acquisition Corp (JTTT) do the reporting persons own?

The reporting persons beneficially own 1,959,000 ordinary shares of JATT III Acquisition Corp, representing 22.1% of the 8,859,000 ordinary shares outstanding as of September 3, 2026.

How did the sponsor of JTTT acquire its Founder Shares and at what cost?

On June 9, 2026, the sponsor paid $25,000 to cover certain offering costs in exchange for 2,156,250 Founder Shares, later forfeiting 431,250, leaving 1,725,000 Founder Shares currently held.

What private placement did the sponsor of JTTT participate in at the IPO?

In connection with the August 27, 2026 IPO, the sponsor purchased 234,000 ordinary shares in a private placement for an aggregate purchase price of $2,340,000, referred to as the placement shares.

What lock-up applies to the JTTT placement shares held by the sponsor?

Under the Private Placement Share Purchase Agreement, the sponsor’s 234,000 placement shares may not be offered, sold, pledged or otherwise transferred until 30 days after completion of JATT III Acquisition Corp’s initial business combination, subject to specified exceptions.

Has the JTTT sponsor agreed to support a business combination?

Yes. Under the Letter Agreement, the sponsor agreed to vote all ordinary shares it owns in favor of a proposed business combination, not to transfer its securities for specified periods, and not to seek redemption rights for its ordinary shares.

Who controls voting and investment decisions for the JTTT sponsor’s shares?

JATT Ventures III L.P. is the record holder with sole voting and dispositive power over 1,959,000 shares. JATT Ventures III Ltd is its sole general partner, and Dr. Someit Sidhu, as sole member of that general partner, has voting and investment discretion while disclaiming beneficial ownership beyond any pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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G5080G109

(CUSIP Number)
Nicholas Fernandez
153 Central Avenue, C/O 56
Westfield, NJ, 07091
201-688-0364

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/27/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes 1,725,000 of the Issuer's ordinary shares, $0.0001 par value ("Ordinary Shares") acquired by JATT Ventures III L.P., the Issuer's sponsor (the "Sponsor") of its initial public offering (the "IPO"), on June 9, 2026, pursuant to certain share subscription agreement by and between the Sponsor and the Issuer; (2) 234,000 Ordinary Shares acquired by the Sponsor in a private placement closed simultaneously with the IPO on August 27, 2026. (2) 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.


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Includes 1,725,000 of the Issuer's ordinary shares, $0.0001 par value ("Ordinary Shares") acquired by JATT Ventures III L.P., the Issuer's sponsor (the "Sponsor") of its initial public offering (the "IPO"), on June 9, 2026, pursuant to certain share subscription agreement by and between the Sponsor and the Issuer; (2) 234,000 Ordinary Shares acquired by the Sponsor in a private placement closed simultaneously with the IPO on August 27, 2026. (2) 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.


SCHEDULE 13D


JATT Ventures III L.P.
Signature:/s/ Someit Sidhu
Name/Title:Someit Sidhu, Director
Date:09/03/2026
Someit Sidhu
Signature:/s/ Someit Sidhu
Name/Title:Someit Sidhu
Date:09/03/2026