Stone Bay LLC reports 4.04M Class B stake in Maywood Acquisition (MYXXU)
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Stone Bay LLC filed an initial ownership report for Maywood Acquisition Corp. 2, disclosing direct holdings of 4,040,541 Class B ordinary shares. These Class B shares are convertible into Class A ordinary shares on a one-for-one basis, with no expiration date and a stated conversion price of $0.0000 per share.
The footnotes state that up to 527,027 of these Class B shares may be surrendered to the company for no consideration after the closing of the company’s initial public offering, depending on how much of the underwriters’ over-allotment option is exercised.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Stone Bay LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 4,040,541 shares (Direct)
Footnotes (1)
- The Class B ordinary shares of the Issuer are convertible into the Issuer's Class A ordinary shares concurrently with or immediately following the consummation of an initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date. Includes up to 527,027 shares which will be surrendered to the Issuer for no consideration after the closing of the Issuer's initial public offering depending on the extent to which the underwriters??? over-allotment option is exercised.
Key Figures
Class B shares held: 4,040,541 shares
Underlying Class A shares: 4,040,541 shares
Potential surrender amount: Up to 527,027 shares
+1 more
4 metrics
Class B shares held
4,040,541 shares
Directly owned Class B ordinary shares reported on Form 3
Underlying Class A shares
4,040,541 shares
Class A ordinary shares underlying the Class B shares on a 1:1 basis
Potential surrender amount
Up to 527,027 shares
Class B shares that may be surrendered for no consideration after IPO closing
Conversion price
$0.0000 per share
Stated exercise or conversion price for Class B into Class A shares
Key Terms
Class B Ordinary Shares, Class A ordinary shares, initial business combination, initial public offering, +1 more
5 terms
initial business combination financial
"concurrently with or immediately following the consummation of an 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.
initial public offering financial
"after the closing of the Issuer's initial public offering depending on the extent"
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
over-allotment option financial
"depending on the extent to which the underwriters??? over-allotment option is exercised"
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.
FAQ
What does Stone Bay LLC report owning in Maywood Acquisition Corp. 2 (MYXXU)?
Stone Bay LLC reports direct ownership of 4,040,541 Class B ordinary shares of Maywood Acquisition Corp. 2. These Class B shares are a separate class that can later convert into Class A ordinary shares on a one-for-one basis under the terms described.
Does the Form 3 for Maywood Acquisition Corp. 2 (MYXXU) show any insider buying or selling?
The Form 3 functions as an initial ownership report and does not show any explicit insider buying or selling. It records Stone Bay LLC’s existing holdings of 4,040,541 Class B ordinary shares and the related conversion and potential surrender terms described in the footnotes.