Kensington Capital VI insider reports sponsor holdings
Kensington Capital Acquisition Corp. VI director and officer Justin E. Mirro filed an initial statement of beneficial ownership.
Rhea-AI Filing Summary
Kensington Capital Acquisition Corp. VI director and officer Justin E. Mirro filed an initial statement of beneficial ownership. The filing reports indirect ownership of 9,857,142 Class B ordinary shares held by Kensington Capital VI LLC, the sponsor entity.
These Class B founder shares automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, and have no expiration date. Mirro may be deemed to share beneficial ownership through his role with the sponsor but disclaims ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (3)
- F1. As described in the issuer's registration statement on Form S-1 (File No. 333-293233) under the heading "Description of Securities-Founder Shares", the issuer's Class B ordinary shares, par value $0.0001 per share, will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- F2. These shares represent Class B ordinary shares held by Kensington Capital VI LLC (the "Sponsor") that were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer.
- F3. As the managing member of the managing member of the Sponsor, the reporting person may be deemed to have beneficial ownership of the Class B ordinary shares held directly by the Sponsor and disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
beneficial ownership financial
pecuniary interest financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Justin E. Mirro report owning in Kensington Capital Acquisition Corp. VI (KCAC)?
Is this KCAC filing reporting a new insider purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.