Director in QDRO Acquisition Corp. (NASDAQ: QADR) reports 100K Class B stake
Rhea-AI Filing Summary
QDRO Acquisition Corp. director Konstantin Tourevski reported an initial holding of Class B ordinary shares. He holds 100,000 Class B ordinary shares, which are automatically convertible into the issuer’s Class A ordinary shares on a one-for-one basis at the time of the issuer’s initial business combination.
The Class B shares have an exercise price of $0.0000, no expiration date, and are subject to anti-dilution adjustments. They may be forfeited under certain circumstances related to Mr. Tourevski’s service on the board of directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tourevski Konstantin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 100,000 shares (Direct)
Footnotes (1)
- F1. The Class B ordinary shares are automatically convertible into the shares of the Issuer's Class A ordinary shares at the time of the Issuer's initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. The Class B ordinary shares are subject to forfeiture under certain circumstances relating to Mr. Tourevski's service on the Issuer's Board of Directors.
Key Figures
Class B shares held: 100,000 shares
Underlying Class A shares: 100,000 shares
Conversion/exercise price: $0.0000 per share
3 metrics
Class B shares held
100,000 shares
Class B Ordinary Shares held directly by director
Underlying Class A shares
100,000 shares
Underlying Class A Ordinary Shares on one-for-one conversion
Conversion/exercise price
$0.0000 per share
Conversion of Class B into Class A ordinary shares
Key Terms
Class B Ordinary Shares, Class A ordinary shares, initial business combination, anti-dilution rights, +1 more
5 terms
initial business combination financial
"at the time of the Issuer's initial business combination on a one-for-one basis"
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.
anti-dilution rights financial
"on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights"
forfeiture financial
"The Class B ordinary shares are subject to forfeiture under certain circumstances"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does QADR director Konstantin Tourevski report on this Form 3?
Mr. Tourevski reports holding 100,000 Class B ordinary shares of QDRO Acquisition Corp. These shares represent his initial reported ownership as a director and form his equity stake disclosed in this filing.