STOCK TITAN

[8-K] JVSPAC Acquisition Corp. Unit Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Magnite, Inc. (MGNI) filed a Form 144 indicating a planned sale of 9,289 common shares worth approximately $204,358 at prevailing market prices. The shares were originally acquired on 02/15/2024 as restricted stock directly from the issuer and will be executed through Morgan Stanley Smith Barney LLC on or about 06/30/2025. Total shares outstanding are reported at 141,110,559, so the proposed sale represents less than 0.01 % of the float.

The filing lists David Buonasera as the selling shareholder, who has already disposed of 12,395 shares over the past three months for gross proceeds of $194,776.59. While the dollar amounts are modest relative to Magnite’s market capitalization, consecutive insider sales can raise sentiment concerns for some investors. The form contains no operational or financial performance data and makes no assertions about Magnite’s fundamentals; it solely discloses the insider’s intent to sell under Rule 144.

Magnite, Inc. (MGNI) ha presentato un Modulo 144 indicando la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato correnti. Le azioni sono state originariamente acquisite il 15/02/2024 come azioni vincolate direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Il numero totale di azioni in circolazione è di 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Il modulo indica David Buonasera come azionista venditore, che negli ultimi tre mesi ha già ceduto 12.395 azioni per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite interne consecutive possono generare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l'intenzione dell'insider di vendere ai sensi della Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 indicando una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a los precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la operación se realizará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación es de 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario menciona a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por un ingreso bruto de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas internas consecutivas pueden generar preocupaciones entre algunos inversores. El formulario no contiene datos operativos o financieros ni hace afirmaciones sobre los fundamentos de Magnite; solo revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 9,289주의 보통주를 약 204,358달러 상당으로 매도할 계획임을 나타내는 Form 144를 제출했습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 직접 제한 주식으로 취득되었으며, 2025년 6월 30일경 Morgan Stanley Smith Barney LLC를 통해 매도될 예정입니다. 총 발행 주식 수는 141,110,559주로, 이번 매도는 유통 주식의 0.01% 미만에 해당합니다.

신고서에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매도하여 총 194,776.59달러의 수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 크지 않지만, 연속적인 내부자 매도는 일부 투자자들에게 우려를 불러일으킬 수 있습니다. 이 서류에는 운영이나 재무 성과에 관한 정보가 포함되어 있지 않으며, Magnite의 기본적 사항에 대한 언급도 없고, 단지 내부자의 매도 의사를 Rule 144에 따라 공개한 것입니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur approximative de 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée par l'intermédiaire de Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est de 141 110 559, la vente proposée représentant donc moins de 0,01 % du flottant.

Le formulaire mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes consécutives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière et ne fait aucune affirmation sur les fondamentaux de Magnite ; il se contente de divulguer l'intention de l'initié de vendre conformément à la Règle 144.

Magnite, Inc. (MGNI) reichte ein Formular 144 ein, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von etwa 204.358 USD zu den aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als eingeschränkte Aktien direkt vom Emittenten erworben und sollen etwa am 30.06.2025 über Morgan Stanley Smith Barney LLC verkauft werden. Die Gesamtzahl der ausstehenden Aktien beträgt 141.110.559, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär genannt, der in den letzten drei Monaten bereits 12.395 Aktien für Bruttoerlöse von 194.776,59 USD veräußert hat. Obwohl die Dollarbeträge im Vergleich zur Marktkapitalisierung von Magnite moderat sind, können aufeinanderfolgende Insider-Verkäufe bei einigen Investoren Besorgnis hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und macht keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Absicht des Insiders, gemäß Regel 144 zu verkaufen.

Positive
  • None.
Negative
  • Insider continues to sell shares, potentially signaling reduced personal confidence although amounts are immaterial.

Insights

TL;DR: Small, routine Rule 144 sale; sentiment slightly negative but immaterial financially.

The transaction involves 9,289 shares, following two earlier sales in May totaling 12,395 shares. Cumulatively, the insider will have sold about 21,684 shares—still an insignificant fraction of Magnite’s ~141 million shares outstanding. Because no additional context (e.g., option expirations, tax obligations) is provided, investors may view the pattern as mild bearish sentiment from the insider. However, the dollar value is too small to affect liquidity or ownership structure. I classify the filing as not impactful for valuation, but worth noting in governance tracking.

Magnite, Inc. (MGNI) ha presentato un Modulo 144 indicando la vendita pianificata di 9.289 azioni ordinarie per un valore approssimativo di 204.358 $ ai prezzi di mercato correnti. Le azioni sono state originariamente acquisite il 15/02/2024 come azioni vincolate direttamente dall'emittente e la vendita sarà eseguita tramite Morgan Stanley Smith Barney LLC intorno al 30/06/2025. Il numero totale di azioni in circolazione è di 141.110.559, quindi la vendita proposta rappresenta meno dello 0,01% del flottante.

Il modulo indica David Buonasera come azionista venditore, che negli ultimi tre mesi ha già ceduto 12.395 azioni per un ricavo lordo di 194.776,59 $. Sebbene gli importi in dollari siano modesti rispetto alla capitalizzazione di mercato di Magnite, vendite interne consecutive possono generare preoccupazioni tra alcuni investitori. Il modulo non contiene dati operativi o finanziari né affermazioni sui fondamentali di Magnite; si limita a comunicare l'intenzione dell'insider di vendere ai sensi della Regola 144.

Magnite, Inc. (MGNI) presentó un Formulario 144 indicando una venta planificada de 9,289 acciones comunes por un valor aproximado de $204,358 a los precios de mercado vigentes. Las acciones fueron adquiridas originalmente el 15/02/2024 como acciones restringidas directamente del emisor y la operación se realizará a través de Morgan Stanley Smith Barney LLC alrededor del 30/06/2025. El total de acciones en circulación es de 141,110,559, por lo que la venta propuesta representa menos del 0,01 % del flotante.

El formulario menciona a David Buonasera como el accionista vendedor, quien ya ha vendido 12,395 acciones en los últimos tres meses por un ingreso bruto de $194,776.59. Aunque las cantidades en dólares son modestas en relación con la capitalización de mercado de Magnite, ventas internas consecutivas pueden generar preocupaciones entre algunos inversores. El formulario no contiene datos operativos o financieros ni hace afirmaciones sobre los fundamentos de Magnite; solo revela la intención del insider de vender bajo la Regla 144.

Magnite, Inc. (MGNI)는 9,289주의 보통주를 약 204,358달러 상당으로 매도할 계획임을 나타내는 Form 144를 제출했습니다. 해당 주식은 2024년 2월 15일에 발행사로부터 직접 제한 주식으로 취득되었으며, 2025년 6월 30일경 Morgan Stanley Smith Barney LLC를 통해 매도될 예정입니다. 총 발행 주식 수는 141,110,559주로, 이번 매도는 유통 주식의 0.01% 미만에 해당합니다.

신고서에는 매도 주주로 David Buonasera가 명시되어 있으며, 그는 지난 3개월 동안 이미 12,395주를 매도하여 총 194,776.59달러의 수익을 올렸습니다. 금액은 Magnite의 시가총액에 비해 크지 않지만, 연속적인 내부자 매도는 일부 투자자들에게 우려를 불러일으킬 수 있습니다. 이 서류에는 운영이나 재무 성과에 관한 정보가 포함되어 있지 않으며, Magnite의 기본적 사항에 대한 언급도 없고, 단지 내부자의 매도 의사를 Rule 144에 따라 공개한 것입니다.

Magnite, Inc. (MGNI) a déposé un formulaire 144 indiquant une vente prévue de 9 289 actions ordinaires d'une valeur approximative de 204 358 $ aux prix du marché en vigueur. Les actions ont été initialement acquises le 15/02/2024 en tant qu'actions restreintes directement auprès de l'émetteur et la vente sera réalisée par l'intermédiaire de Morgan Stanley Smith Barney LLC aux alentours du 30/06/2025. Le nombre total d'actions en circulation est de 141 110 559, la vente proposée représentant donc moins de 0,01 % du flottant.

Le formulaire mentionne David Buonasera comme actionnaire vendeur, qui a déjà cédé 12 395 actions au cours des trois derniers mois pour un produit brut de 194 776,59 $. Bien que les montants en dollars soient modestes par rapport à la capitalisation boursière de Magnite, des ventes consécutives d'initiés peuvent susciter des inquiétudes chez certains investisseurs. Le formulaire ne contient aucune donnée opérationnelle ou financière et ne fait aucune affirmation sur les fondamentaux de Magnite ; il se contente de divulguer l'intention de l'initié de vendre conformément à la Règle 144.

Magnite, Inc. (MGNI) reichte ein Formular 144 ein, das einen geplanten Verkauf von 9.289 Stammaktien im Wert von etwa 204.358 USD zu den aktuellen Marktpreisen anzeigt. Die Aktien wurden ursprünglich am 15.02.2024 als eingeschränkte Aktien direkt vom Emittenten erworben und sollen etwa am 30.06.2025 über Morgan Stanley Smith Barney LLC verkauft werden. Die Gesamtzahl der ausstehenden Aktien beträgt 141.110.559, sodass der geplante Verkauf weniger als 0,01 % des Streubesitzes ausmacht.

Im Formular wird David Buonasera als verkaufender Aktionär genannt, der in den letzten drei Monaten bereits 12.395 Aktien für Bruttoerlöse von 194.776,59 USD veräußert hat. Obwohl die Dollarbeträge im Vergleich zur Marktkapitalisierung von Magnite moderat sind, können aufeinanderfolgende Insider-Verkäufe bei einigen Investoren Besorgnis hervorrufen. Das Formular enthält keine operativen oder finanziellen Leistungsdaten und macht keine Aussagen zu den Fundamentaldaten von Magnite; es offenbart lediglich die Absicht des Insiders, gemäß Regel 144 zu verkaufen.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

June 30, 2025

Date of Report (Date of earliest event reported)

 

JVSPAC Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

 

British Virgin Islands   001-41922   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification No.)

 

20 Cecil Street #04-03

Plus Building

Singapore

  049705
(Address of Principal Executive Offices)   (Zip Code)

 

Registrant’s telephone number, including area code: +65 6513 8565

 

G/F Hang Tak Building

1 Electric Street

Wan Chai

Hong Kong

(Former address)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units   JVSAU   The Nasdaq Stock Market LLC
Class A Ordinary Shares, no par value   JVSA   The Nasdaq Stock Market LLC
Rights   JVSAR   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 8.01. Other Events

 

Closing of the Business Combination and Nasdaq Listing

 

On June 30, 2025, JVSPAC Acquisition Corp. (“JVSPAC”) and Hotel101 Global Holdings Corp. (“HBNB”) issued a joint announcement for the closing of the business combination contemplated by the agreement and plan of merger, dated as of April 8, 2024 (and as amended on September 3, 2024), by and among HBNB, Hotel of Asia, Inc., DoubleDragon Corporation, DDPC Worldwide Pte. Ltd., Hotel101 Worldwide Private Limited, Hotel101 Global Pte. Ltd., HGHC 4 Pte. Ltd., HGHC 3 Corp. and JVSPAC, and the listing of HBNB’s ordinary shares on The Nasdaq Stock Market LLC. Attached as Exhibit 99.1 to this Current Report is a copy of the joint announcement.

 

Item 9.01. Exhibits

 

99.1Joint Announcement dated June 30, 2025

 

1

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Dated: June 30, 2025
   
  JVSPAC ACQUISITION CORP.
   
  By: /s/ Pearl Anne A. Escote
  Name: Pearl Anne A. Escote
  Title:  Authorized Signatory 
     
  By: /s/ Jose Roelph E. Desales 
  Name:  Jose Roelph E. Desales 
  Title:  Authorized Signatory 

 

[Signature Page to Form 8-K

 

2

 

FAQ

What is Magnite (MGNI) disclosing in this Form 144?

The company reports an insider’s plan to sell 9,289 common shares worth about $204k on or after 06/30/2025.

Who is selling the shares according to the filing?

David Buonasera is listed as the selling shareholder under Rule 144.

How many Magnite shares has the insider sold recently?

The insider sold 12,395 shares in May 2025 and now plans to sell an additional 9,289 shares.

What percentage of Magnite’s outstanding shares does the planned sale represent?

Less than 0.01 % of the 141,110,559 shares outstanding.

Does the filing include any financial performance data?

No, Form 144 only details the intended sale; it contains no earnings or operational metrics.
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