Karbon Capital Partners Corp. (KBONU) discloses 890,000-unit insider deal
Rhea-AI Filing Summary
Karbon Capital Partners Corp. director and 10% owner Thomas F. Karam reported acquiring 890,000 Class A ordinary shares at a price of $10 through private placement units, giving him indirect beneficial ownership through the sponsor entity.
Each of the 890,000 private placement units consists of one Class A ordinary share and one-fourth of one redeemable warrant, resulting in 222,500 private placement warrants with a $11.5 exercise price that become exercisable 30 days after completion of the issuer's initial business combination and expire five years after that or earlier upon liquidation.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrant | 222,500 | $10.00 | $2.23M |
| Grant/Award | Class A Ordinary Shares | 890,000 | $10.00 | $8.90M |
Footnotes (1)
- Represents 890,000 private placement units, each of which consists of one Class A ordinary share and one-fourth of one redeemable warrant. No fractional warrants will be issued upon separation of the units and only whole warrants are exercisable and will trade. Represents securities held by Karbon Capital Partners Core Holdings, LLC ("Sponsor"). Thomas F. Karam and Jeffrey Zajkowski are the managers of Sponsor, and as such, they may be deemed to have or share beneficial ownership of the securities held directly by Sponsor. Each such person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly. The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation.
FAQ
What insider transaction did Karbon Capital Partners Corp. (KBONU) report?
The filing reports that director and 10% owner Thomas F. Karam acquired 890,000 Class A ordinary shares at $10 through private placement units, held indirectly.
How many Karbon Capital Partners (KBONU) private placement units are involved?
The transaction represents 890,000 private placement units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant.
What are the key terms of the KBONU private placement warrants?
The private placement warrants have an exercise price of $11.5, become exercisable 30 days after completion of the issuer's initial business combination, and expire five years after that or earlier upon liquidation.
Does Thomas F. Karam hold KBONU securities directly or indirectly?
The securities are held by Karbon Capital Partners Core Holdings, LLC (the "Sponsor"), and Thomas F. Karam and Jeffrey Zajkowski, as managers of the Sponsor, may be deemed to have or share beneficial ownership.
What is Thomas F. Karam’s relationship to Karbon Capital Partners Corp. (KBONU)?
He is identified as a Director and 10% Owner of Karbon Capital Partners Corp.