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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares, par value $0.0001 per share | -- | -- | -- |
Footnotes (1)
- As described in the Issuer's registration statement on Form S-1 (No. 333-292356), the shares of Class B ordinary shares will automatically convert into shares of Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis subject to certain adjustments and have no expiration date. These shares represent the shares of Class B ordinary shares held directly by OneIM Sponsor LLC (the "Sponsor"), acquired pursuant to a subscription agreement by and between the Sponsor and the Issuer. GCT Capital Partners II LP is the sole managing member of the Sponsor; its general partner is GCT Capital LLC, controlled by the Reporting Person, among others. The Reporting Person may be deemed to have an indirect economic and dispositive interest in the securities held by the Sponsor, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. The shares of Class B ordinary shares owned by the Sponsor includes up to 937,500 shares which are subject to forfeiture depending on the underwriters' over-allotment.
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.