Mercator Acquisition Corp. filed an initial statement of beneficial ownership for Stephen Michael Schwartz, who is identified as a director of the company. The filing does not report any transactions or holdings of the company’s securities by Schwartz at this time.
Mercator Acquisition Corp. director Nash James Patrick filed an initial statement of beneficial ownership of securities. The filing reports no current holdings of Mercator Acquisition Corp. securities and shows no insider transactions or derivative positions at this time.
Mercator Acquisition Corp. director Matthew J. Sweeney filed an initial statement of beneficial ownership as a reporting person. This filing does not list any transactions or option exercises and contains no derivative positions in the structured data, serving as a baseline insider disclosure for his role as director.
Mercator Acquisition Corp. reported initial insider holdings of 5,750,000 shares of Class B common stock, held indirectly by Mercator Investor Holdings, LLC as sponsor. These Class B shares automatically convert into Class A common stock on a one-for-one basis at the time of the company’s initial business combination and have no expiration date. The sponsor’s holdings include 750,000 shares subject to forfeiture if underwriters do not fully exercise their over-allotment option. Chairman and CEO Shawn Matthews is the sponsor’s sole managing member, with sole voting and dispositive control, and may be deemed the beneficial owner, while disclaiming beneficial ownership where he lacks pecuniary interest.