MUZEU Form 4 reports purchase transactions
Muzero Acquisition Sponsors LLC reported open-market purchase transactions in a Form 4 filing for MUZEU.
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Rhea-AI Filing Summary
Muzero Acquisition Sponsors LLC reported open-market purchase transactions in a Form 4 filing for MUZEU. The filing lists transactions totaling 335,938 shares at a weighted average price of $10.00 per share. Following the reported transactions, holdings were 7,044,271 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares | 335,938 | $10.00 | $3.36M |
Footnotes (3)
- F1. Reflects the 335,938 Class A ordinary shares of Muzero Acquisition Corp (the "Issuer") that are included in the 335,938 private placement units of the Issuer purchased by Muzero Acquisition Sponsors LLC (the "Sponsor"). Each private placement unit was purchased for $10.00 per unit and consists of one Class A ordinary share and one-half of a warrant, with each whole warrant exercisable into one Class A ordinary share at an exercise price of $11.50 per ordinary share.
- F2. The Sponsor is the record holder of such shares. Von Lam and Yuming Zou are the managing members of the Sponsor and share voting and investment discretion with respect to the ordinary shares held of record by the sponsor. Von Lam and Yuming Zou each disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may individually have therein, directly or indirectly.
- F3. Represents (1) shares underlying the private placement units (each unit consisting of one Class A ordinary share and one-half of one warrant, each whole warrant exercisable to purchase one Class A ordinary share) directly held by the Sponsor, and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and the Issuer; and (2) 6,708,333 Class B ordinary shares, which shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, or at any time prior to the Issuer's initial business combination, at the option of the holder, subject to adjustment as described under the heading "Description of Securities--Founder Shares" in the Issuer's registration statement on Form S-1 (File No. 333-291923).
FAQ
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What insider transaction did Muzero Acquisition Corp (MUZEU) report on this Form 4?
What are the terms of the Muzero Acquisition Corp (MUZEU) private placement units?
What roles do Von Lam and Yuming Zou hold at Muzero Acquisition Corp (MUZEU)?
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