Mercator director assigned 25,000 Class B shares

Mercator Acquisition Corp. director Matthew J. Sweeney reported an internal equity transfer involving 25,000 Class B ordinary shares on July 8, 2026.

Accepted by SEC EDGAR 07/16/2026 - 06:39 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Mercator Acquisition Corp. director Matthew J. Sweeney reported an internal equity transfer involving 25,000 Class B ordinary shares on July 8, 2026. The sponsor assigned these shares to him in connection with his board appointment. The Class B shares automatically convert into Class A on a one-for-one basis at the initial business combination, are subject to anti-dilution adjustments, and can be forfeited under certain conditions tied to his board service.

Insider Trade Summary

Other: 25,000 shares

Other 1 txn

Insider Sweeney Matthew J

Role Director

Type	Security	Shares	Price	Value
Other	Class B Ordinary Shares F1, F2	25,000	$0.003	$75.00

Holdings After Transaction: Class B Ordinary Shares — 25,000 contracts (Direct)

Holdings Before and After: Class B Ordinary Shares, 0 to 25,000 contracts (Direct)

Footnotes (2)

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. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Sweeney's service on the Issuer's Board of Directors.
2. F2. As contemplated by the securities purchase agreement between Mercator Investor Holdings, LLC (the "Sponsor") and Mr. Sweeney, dated July 8, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Sweeney in connection with Mr. Sweeney's appointment to the Issuer's Board of Directors.

Key Figures

Class B shares transferred: 25,000 shares Transaction price per share: $0.0030 Shares following transaction: 25,000 shares +3 more

6 metrics

Class B shares transferred 25,000 shares Class B ordinary shares assigned to Matthew J. Sweeney on July 8, 2026

Transaction price per share $0.0030 Reported per-share value for the 25,000 Class B ordinary shares

Shares following transaction 25,000 shares Total Class B ordinary shares held directly by Sweeney after the transaction

Underlying Class A shares 25,000 shares Class A ordinary shares issuable upon conversion of the Class B shares

Conversion ratio 1:1 Automatic conversion of Class B into Class A at initial business combination

Restructuring shares 25,000 shares Shares counted as restructuring-type transaction in summary data

Key Terms

Class B ordinary shares, initial business combination, anti-dilution rights, subject to forfeiture, +1 more

5 terms

Class B ordinary shares financial

"The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

initial business combination financial

"automatically convertible into the shares of the Issuer's Class A ordinary shares 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

"on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration"

subject to forfeiture financial

"The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Sweeney's service"

securities purchase agreement financial

"As contemplated by the securities purchase agreement between Mercator Investor Holdings, LLC (the "Sponsor") and Mr. Sweeney"

A securities purchase agreement is a written contract between a buyer and a seller outlining the terms for buying or selling financial assets such as stocks or bonds. It specifies details like the price, quantity, and conditions of the transaction, similar to a shopping list with agreed-upon terms. For investors, it provides clarity and legal protection when transferring ownership of these financial instruments.

FAQ

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

What insider transaction did Matthew J. Sweeney report for Mercator Acquisition Corp. (MRCOU)?

Director Matthew J. Sweeney reported receiving 25,000 Class B ordinary shares of Mercator Acquisition Corp. The sponsor assigned these shares to him on July 8, 2026, in connection with his appointment to the company’s Board of Directors.

How many Mercator Acquisition Corp. (MRCOU) shares were involved and what class were they?

The filing reports 25,000 Class B ordinary shares of Mercator Acquisition Corp. These Class B shares are a separate class from Class A and carry specific conversion, anti-dilution, and forfeiture terms described in the company’s arrangements with the director.

How are Mercator Acquisition Corp. (MRCOU) Class B ordinary shares convertible?

The Class B ordinary shares are automatically convertible into Class A ordinary shares on a one-for-one basis at the time of Mercator’s initial business combination. This conversion is subject to anti-dilution adjustments as provided under the company’s governing terms.

Under what conditions may Matthew J. Sweeney’s Class B shares in Mercator Acquisition Corp. (MRCOU) be forfeited?

The Class B ordinary shares assigned to Sweeney are subject to forfeiture under certain circumstances related to his service on the Board of Directors. Specific triggers are not detailed here but tie directly to his continued board role.

What price per share was reported for Matthew J. Sweeney’s Mercator Acquisition Corp. (MRCOU) Class B shares?

The transaction reflects a per-share value of $0.0030 for the 25,000 Class B ordinary shares. The shares were assigned by the sponsor under a securities purchase agreement executed on July 8, 2026, in connection with Sweeney’s board appointment.

What agreement governed the transfer of Mercator Acquisition Corp. (MRCOU) Class B shares to Matthew J. Sweeney?

The transfer was contemplated by a securities purchase agreement between Mercator Investor Holdings, LLC (the sponsor) and Matthew J. Sweeney, dated July 8, 2026. Under this agreement, the sponsor assigned 25,000 Class B shares to Sweeney.

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^*

Sweeney Matthew J

(Last) (First) (Middle)

C/O MERCATOR ACQUISITION CORP.

85 WASHINGTON STREET

(Street)

NORWALK CONNECTICUT 06854

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Mercator Acquisition Corp. [ MRCO ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2026

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

X	Form filed by One Reporting Person
	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)	07/08/2026		J(2)		25,000		(1)	(1)	Class A Ordinary Shares	25,000	$0.003	25,000	D

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. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Sweeney's service on the Issuer's Board of Directors.

2. As contemplated by the securities purchase agreement between Mercator Investor Holdings, LLC (the "Sponsor") and Mr. Sweeney, dated July 8, 2026, the Sponsor assigned 25,000 Class B ordinary shares to Mr. Sweeney in connection with Mr. Sweeney's appointment to the Issuer's Board of Directors.

	/s/ Matthew J Sweeney, by Steven Bischoff with Power of Attorney	07/16/2026
	** 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)