CH4 Natural Solutions (MTNE) sponsor forfeits 333,333 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
CH4 Natural Solutions Acquisition Sponsor LLC, CH4 Natural Solutions Acquisition Sponsor Holdings, LLC, CH4 Natural Solutions Acquisition Sponsor Manager, LLC, Riverstone Earth LLC, LEUSCHEN DAVID M
Role
null | null | null | null | Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Class B Ordinary Shares | 333,333 | $0.00 | -- |
Holdings After Transaction:
Class B Ordinary Shares — 7,333,334 shares (Indirect, See footnote)
Footnotes (1)
- 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. 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. 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, (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
Restructuring shares: 333,333 shares
Post-transaction holdings: 7,333,334 shares
Founder shares subject to forfeiture: up to 1,000,000 shares
+1 more
4 metrics
Restructuring shares
333,333 shares
Class B Ordinary Shares forfeited and cancelled on June 15, 2026
Post-transaction holdings
7,333,334 shares
Class B Ordinary Shares held by sponsor after forfeiture
Founder shares subject to forfeiture
up to 1,000,000 shares
Original Class B shares potentially forfeitable based on IPO over-allotment
Conversion ratio
1:1
Class B Ordinary Shares into Class A Ordinary Shares, subject to anti-dilution
Key Terms
Class B Ordinary Shares, over-allotment option, anti-dilution rights, beneficial ownership, +1 more
5 terms
over-allotment option financial
"subject to forfeiture in the event the underwriters of the initial public offering ... did not exercise their over-allotment option in full"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
anti-dilution rights financial
"on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights"
beneficial ownership financial
"may be deemed to have or share beneficial ownership of the ordinary shares held directly by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did CH4 Natural Solutions Corp (MTNE) report on this Form 4?
CH4 Natural Solutions Corp reported that its sponsor entity forfeited 333,333 Class B Ordinary Shares for cancellation. The forfeiture occurred automatically after IPO underwriters only partially exercised their over-allotment option, and it is classified as an “other” restructuring event, not an open-market trade.