Meridian3 (MIACU) CEO discloses 25,000 Class B shares convertible to Class A
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Meridian3 Industrials Acquisition Corp director and CEO Mistry Faramaraz Jeremey reports initial holdings of 25,000 Class B ordinary shares. These Class B shares are directly owned and are convertible into 25,000 Class A ordinary shares on a one-for-one basis at the company’s initial business combination or earlier at the holder’s option. The Class B shares have no expiration date and carry a stated conversion price of $0.0000 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mistry Faramaraz Jeremey
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 25,000 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Class B shares owned: 25,000 shares
Underlying Class A shares: 25,000 shares
Conversion price: $0.0000 per share
3 metrics
Class B shares owned
25,000 shares
Directly held Class B ordinary shares following transaction
Underlying Class A shares
25,000 shares
Class A ordinary shares issuable upon conversion of Class B
Conversion price
$0.0000 per share
Stated conversion or exercise price for Class B into Class A
Key Terms
Class B Ordinary Shares, Class A Ordinary Shares, initial business combination, registration statement
4 terms
initial business combination financial
"at the time of the Meridian3 Industrials Acquisition Corp'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.
registration statement financial
"subject to adjustment as described in the Issuer's registration statement"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
FAQ
What did Meridian3 (MIACU) insider Mistry Faramaraz Jeremey report on this Form 3?
The filing reports his initial beneficial ownership of 25,000 Class B ordinary shares of Meridian3 Industrials Acquisition Corp. These shares are held directly and represent his starting equity position as disclosed to the market.