OneIM Acquisition (OIMAU) CEO tied to 7.19M convertible Class B shares
Rhea-AI Filing Summary
OneIM Acquisition Corp. filed an initial ownership report showing that OneIM Sponsor LLC, an entity associated with Chief Executive Officer and director Ioannis Pipilis, holds 7,187,500 Class B ordinary shares. These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, subject to certain adjustments and with no expiration date. The sponsor’s holdings include up to 937,500 Class B shares that may be forfeited depending on the underwriters’ over-allotment. Pipilis may be deemed to have an indirect economic and dispositive interest in the securities held by the sponsor, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
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FAQ
What insider position is reported in OneIM Acquisition Corp. (OIMAU)'s Form 3?
The Form 3 reports that OneIM Sponsor LLC holds 7,187,500 Class B ordinary shares of OneIM Acquisition Corp., with indirect economic and dispositive interest attributable to Chief Executive Officer and director Ioannis Pipilis, subject to his pecuniary interest.
Who is the reporting person in this OneIM Acquisition Corp. (OIMAU) Form 3?
The reporting person is Ioannis Pipilis, who serves as a director, Chief Executive Officer, and a 10% owner of OneIM Acquisition Corp., with interests tied to shares held by OneIM Sponsor LLC.
How do OneIM Acquisition Corp. (OIMAU) Class B shares convert into Class A shares?
The filing states that the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of OneIM Acquisition Corp.’s initial business combination on a one-for-one basis, subject to certain adjustments, and they have no expiration date.
Are any of the OneIM Acquisition Corp. (OIMAU) sponsor shares subject to forfeiture?
Yes. The Class B shares held by OneIM Sponsor LLC include up to 937,500 shares that are subject to forfeiture depending on the underwriters’ over-allotment.
Does Ioannis Pipilis directly own the 7,187,500 Class B shares of OneIM Acquisition Corp. (OIMAU)?
No. The shares are held directly by OneIM Sponsor LLC. The filing notes that Ioannis Pipilis may be deemed to have an indirect economic and dispositive interest in those securities but disclaims beneficial ownership except to the extent of his pecuniary interest.
What entities are involved in holding the sponsor shares of OneIM Acquisition Corp. (OIMAU)?
The Class B shares are held by OneIM Sponsor LLC. GCT Capital Partners II LP is the sole managing member of the sponsor, and its general partner is GCT Capital LLC, which is controlled by Ioannis Pipilis, among others.