CH4 Natural Solutions (MTNE) sponsor forfeits 333,333 Class B shares
Rhea-AI Filing Summary
CH4 Natural Solutions Corp reported that its affiliate CH4 Natural Solutions Acquisition Sponsor LLC automatically forfeited 333,333 Class B Ordinary Shares on June 15, 2026 after underwriters only partially exercised the IPO over-allotment option. Following this cancellation by the issuer, the sponsor holds 7,333,334 Class B shares, which are convertible into Class A Ordinary Shares on a one-for-one basis with no expiration, subject to anti-dilution adjustments. The transaction is classified as an "other" restructuring event, not an open-market trade, and upstream entities and David Leuschen may be deemed beneficial owners but expressly disclaim ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 333,333 | $0.00 | $0.00 |
Footnotes (4)
- F1. The Class B Ordinary Shares are convertible into shares of the Issuer's Class A Ordinary Shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date.
- F2. The Class B Ordinary Shares owned by CH4 Natural Solutions Acquisition Sponsor LLC (the "Sponsor") included up to 1,000,000 shares that were subject to forfeiture in the event the underwriters of the initial public offering of the Issuer's securities did not exercise their over-allotment option in full as described in the Issuer's Registration Statement on Form S-1 (File No. 333-284199). Because the underwriters exercised their over-allotment option in part and the remainder of the option expired, the Sponsor automatically forfeited 333,333 Class B Ordinary Shares on June 15, 2026 for cancellation by the Issuer.
- F3. The Sponsor is the record holder of the shares reported herein. CH4 Natural Solutions Acquisition Sponsor Holdings, LLC is the managing member of the Sponsor. CH4 Natural Solutions Acquisition Sponsor Manager, LLC is the managing member of CH4 Natural Solutions Acquisition Sponsor Holdings, LLC. Riverstone Earth LLC is the managing member of CH4 Natural Solutions Acquisition Sponsor Manager, LLC. David Leuschen is the sole member of Riverstone Earth LLC. As such, CH4 Natural Solutions Acquisition Sponsor Holdings, LLC, CH4 Natural Solutions Acquisition Sponsor Manager, LLC, Riverstone Earth LLC and David Leuschen may be deemed to have or share beneficial ownership of the ordinary shares held directly by the Sponsor. Such entity or person disclaims any beneficial ownership of such securities held by the Sponsor other than to the extent of any pecuniary interest they may have therein, directly or indirectly,
- F4. (Continued from footnote 3) and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or any other purpose.
Key Figures
Key Terms
over-allotment option financial
anti-dilution rights financial
beneficial ownership financial
Section 16 regulatory
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