Meridian3 director reports 25,000 Class B shares
Meridian3 Industrials Acquisition Corp director Nakashima Hideyuki reported an initial holding of 25,000 Class B ordinary shares on a Form 3.
Rhea-AI Filing Summary
Meridian3 Industrials Acquisition Corp director Nakashima Hideyuki reported an initial holding of 25,000 Class B ordinary shares on a Form 3. These Class B shares will automatically convert into 25,000 Class A ordinary shares upon the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis, subject to possible adjustments described in the registration statement. The footnote also clarifies that these Class B shares have no expiration date, meaning this conversion right remains outstanding until exercised or until a business combination occurs.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. The Class B ordinary shares reported herein will automatically convert into Class A ordinary shares at the time of the Meridian3 Industrials Acquisition Corp's ("Issuer") initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment as described in the Issuer's registration statement. The Class B ordinary shares have no expiration date.
Key Figures
Key Terms
initial business combination financial
registration statement regulatory
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What does the MIACU Form 3 filing report for Nakashima Hideyuki?
Does Meridian3 director Nakashima Hideyuki’s Class B stake have an expiration date?
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