QDRO CFO reports 5,000 Class B founder shares
QDRO Acquisition Corp. Chief Financial Officer Walter A. Bishop reported initial beneficial ownership of 5,000 Class B ordinary shares.
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Rhea-AI Filing Summary
QDRO Acquisition Corp. Chief Financial Officer Walter A. Bishop reported initial beneficial ownership of 5,000 Class B ordinary shares. These Class B shares automatically convert into 5,000 Class A ordinary 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 shares have no expiration date but are subject to potential forfeiture based on Mr. Bishop’s continued service as Chief Financial Officer.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class B Ordinary Shares | -- | -- | -- |
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. Bishops' service as the Issuer's Chief Financial Officer.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
subject to forfeiture financial
FAQ
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What does QDRO Acquisition Corp. CFO Walter Bishop report on this Form 3?
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