New America Acquisition I Corp. (NWAX) director reports 1.1M indirect stake
Rhea-AI Filing Summary
New America Acquisition I Corp. director Kyle Michael Wool filed an initial ownership report showing an indirect beneficial interest in 1,100,000 shares of Class A common stock of New America Acquisition I Corp. The shares were issued to Dominari Securities LLC or its designees upon the closing of the company’s initial public offering. Wool is Chief Executive Officer of Dominari Securities LLC and may be deemed to have or share beneficial ownership of the shares held directly by Dominari Securities LLC, but he disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Wool Kyle Michael
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A common stock | -- | -- | -- |
Holdings After Transaction:
Class A common stock — 1,100,000 shares (Indirect, See Footnote)
Footnotes (1)
- F1. As described in the issuer's registration statement on Form S-1 (File No. 333-289204), the issuer issued 1,100,000 shares of Class A common stock to Dominari Securities LLC or its designees upon the closing of the issuer's initial public offering. Mr. Wool serves as the Chief Executive Officer of Dominari Securities LLC. As such, he may be deemed to have or share beneficial ownership of shares of Class A common stock held directly by Dominari Securities LLC. Mr. Wool disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Kyle Michael Wool report on his Form 3 for NWAX?
Kyle Michael Wool reported indirect beneficial ownership of 1,100,000 shares of New America Acquisition I Corp. Class A common stock. The shares are held by Dominari Securities LLC or its designees, reflecting his associated interest rather than direct personal share ownership.
Is Kyle Michael Wool’s NWAX ownership direct or indirect?
Kyle Michael Wool’s reported New America Acquisition I Corp. Class A common stock ownership is indirect. The 1,100,000 shares are held by Dominari Securities LLC, and his interest arises from his role there, rather than direct registration in his own name.
What is Dominari Securities LLC’s role in the NWAX Form 3 filing?
Dominari Securities LLC directly holds the 1,100,000 New America Acquisition I Corp. Class A shares described in the Form 3. The issuer granted these shares to Dominari or its designees at IPO closing, creating Kyle Michael Wool’s indirect beneficial interest as Dominari’s Chief Executive Officer.