Meridian3 director holds rights to 25,000 shares
Meridian3 Industrials Acquisition Corp director David Robert Bulley has filed an initial statement of beneficial ownership.
Rhea-AI Filing Summary
Meridian3 Industrials Acquisition Corp director David Robert Bulley has filed an initial statement of beneficial ownership. The filing shows he holds 25,000 Class B ordinary shares, which are currently structured as a derivative position linked to Class A ordinary shares.
According to the disclosure, these Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the company’s initial business combination, or earlier at the holder’s option, on a one-for-one basis and have no expiration date. This filing records Bulley’s starting equity position rather than a new market transaction.
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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
one-for-one basis financial
registration statement regulatory
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