Leader's Advantage sponsor forfeits 400K shares

The sponsor's reported Class B position after the forfeiture was 3,797,500 shares.

Available on EDGAR 11/02/2026 - 06:21 AM EST Accepted by SEC EDGAR 11/02/2026 - 06:21 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Leader's Advantage Acquisition Corp. (LEDRU) sponsor Leader's Advantage Company, LLC forfeited 400,000 Class B ordinary shares on October 29, 2026, at a reported price of 0.0060 per share. The underwriters exercised their over-allotment option for 650,000 Class A ordinary shares that day. The Sponsor held 3,797,500 Class B ordinary shares after the forfeiture. Chief Executive Officer Dr. Paritosh M. Chakrabarti is the Sponsor's sole managing member, holds voting and dispositive control over its shares, and may be deemed their beneficial owner; he disclaims beneficial ownership of Sponsor securities in which he has no pecuniary interest.

Insider Trade Summary

Other: 400,000 shares

Other 1 txn

Insider Chakrabarti Paritosh M., Leader's Advantage Company, LLC

Role Chief Executive Officer | Insider

Type	Security	Shares	Price	Value
Other	Class B Ordinary Shares F1, F2, F3	400,000	$0.006	$2K

Holdings After Transaction: Class B Ordinary Shares — 3,797,500 contracts (Indirect, See Footnote)

Footnotes (3)

1. F1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
2. F2. Leader's Advantage Company, LLC (the "Sponsor") forfeited an aggregate of 400,000 Class B ordinary shares on October 29, 2026 in connection with notice from the underwriters in the Company's initial public offering that they did not intend to exercise their over-allotment option with respect to 1,600,00 Class A ordinary shares. The underwriters exercised their over-allotment option with 650,000 Class A shares on October 29, 2026.
3. F3. These Class B ordinary shares are held directly by the Sponsor. Dr. Paritosh M. Chakrabarti is the sole managing member of the Sponsor and holds voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Dr. Chakrabarti disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

Key Figures

Class B ordinary shares forfeited: 400,000 shares Reported transaction price: 0.0060 per share Class B ordinary shares held after transaction: 3,797,500 shares +2 more

5 metrics

Class B ordinary shares forfeited 400,000 shares By Leader's Advantage Company, LLC on October 29, 2026

Reported transaction price 0.0060 per share For the Class B ordinary shares forfeited on October 29, 2026

Class B ordinary shares held after transaction 3,797,500 shares Held directly by Leader's Advantage Company, LLC

Class A ordinary shares in over-allotment exercise 650,000 shares Underwriters exercised the option on October 29, 2026

Automatic conversion ratio 1 Class A ordinary share for each Class B ordinary share At the issuer's initial business combination, subject to adjustment under certain anti-dilution rights

Key Terms

over-allotment option, initial business combination, anti-dilution rights

3 terms

over-allotment option financial

"exercised their 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.

initial business combination financial

"at the time of the Issuer's initial business combination"

An initial business combination is the deal in which a special-purpose acquisition company (SPAC) merges with or acquires an operating business to bring that business onto public markets. Think of the SPAC as an empty shell that raises money from investors, then uses that cash to buy a private company—this transaction turns the private company into a public one and often changes its ownership, valuation, and access to capital, so investors should watch for shifts in risk, future growth prospects, and shareholder rights.

anti-dilution rights financial

"subject to adjustment pursuant to certain anti-dilution rights"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How do LEDRU's Class B ordinary shares convert?

Class B ordinary shares automatically convert into Class A ordinary shares at the issuer's initial business combination on a one-for-one basis, subject to adjustment under certain anti-dilution rights; they have no expiration date.

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

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chakrabarti Paritosh M.

(Last) (First) (Middle)

C/O LEADER'S ADVANTAGE ACQUISITION CORP.

1288 NJ-73, SUITE 401

(Street)

MT LAUREL TOWNSHIP NEW JERSEY 08054

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Leader's Advantage Acquisition Corp. [ LEDRU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class B Ordinary Shares	(1)	10/29/2026		J(2)			400,000	(1)	(1)	Class A Ordinary Shares	400,000	$0.006	3,797,500	I	See Footnote(3)

1. Name and Address of Reporting Person^*

Chakrabarti Paritosh M.

(Last) (First) (Middle)

C/O LEADER'S ADVANTAGE ACQUISITION CORP.

1288 NJ-73, SUITE 401

(Street)

MT LAUREL TOWNSHIP NEW JERSEY 08054

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

1. Name and Address of Reporting Person^*

Leader's Advantage Company, LLC

(Last) (First) (Middle)

C/O LEADER'S ADVANTAGE ACQUISITION CORP.

1288 NJ-73, SUITE 401

(Street)

MT LAUREL TOWNSHIP NEW JERSEY 08054

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Sponsor

Explanation of Responses:

1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.

2. Leader's Advantage Company, LLC (the "Sponsor") forfeited an aggregate of 400,000 Class B ordinary shares on October 29, 2026 in connection with notice from the underwriters in the Company's initial public offering that they did not intend to exercise their over-allotment option with respect to 1,600,00 Class A ordinary shares. The underwriters exercised their over-allotment option with 650,000 Class A shares on October 29, 2026.

3. These Class B ordinary shares are held directly by the Sponsor. Dr. Paritosh M. Chakrabarti is the sole managing member of the Sponsor and holds voting and dispositive control over the shares held by the Sponsor and may be deemed the beneficial owner of such shares. Dr. Chakrabarti disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.

	/s/ Dr. Paritosh M. Chakrabarti, by Paul Weiss with Power of Attorney	10/29/2026
	/s/ Leader's Advantage Company, LLC, Paul Weiss with Power of Attorney	10/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)