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.
Meridian3 Industrials Acquisition Corp Chief Financial Officer Jeffrey H. Foster reported beneficial ownership of 25,000 Class B ordinary shares. These Class B shares will automatically convert into 25,000 Class A ordinary shares upon the company’s initial business combination, or earlier at his option, on a one-for-one basis as described in the registration statement.
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.