NewHold Industrial Tech IV holds 6.7M Class B shares
NewHold Industrial Technology IV, LLC, a 10% owner of NewHold Investment Corp IV, reported its existing position on a Form 3.
Rhea-AI Filing Summary
NewHold Industrial Technology IV, LLC, a 10% owner of NewHold Investment Corp IV, reported its existing position on a Form 3. The entity holds 6,708,333 Class B ordinary shares, which are convertible into 6,708,333 Class A ordinary shares at an exercise price of $0.0000 per share.
According to the disclosure, these Class B shares will convert into Class A shares on a one-for-one basis at the time of the company’s initial business combination, subject to anti-dilution adjustments. The Class B ordinary shares have no expiration date and represent a continuing, direct ownership stake rather than a new purchase or sale.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- F1. At the time of our initial business combination, the Class B ordinary shares will convert into Class A ordinary shares on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights. The Class B ordinary shares have no expiration date.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
FAQ
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What does the NewHold Investment Corp IV (NHIVU) Form 3 filing show?
Is the NHIVU Form 3 a buy or sell transaction by the insider?
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