QDRO director reports 25,000 Class B share stake
QDRO Acquisition Corp. director James Howell filed an initial ownership report showing he holds 25,000 Class B ordinary shares.
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Rhea-AI Filing Summary
QDRO Acquisition Corp. director James Howell filed an initial ownership report showing he holds 25,000 Class B ordinary shares. These Class B shares are automatically convertible into 25,000 Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination.
The Class B shares have no expiration date, are subject to anti-dilution adjustments, and may be forfeited under certain circumstances related to Mr. Howell’s service on the Board of Directors. This filing records his existing position rather than reporting a new purchase or sale.
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. Howell's service on the Issuer's Board of Directors.
Key Figures
Key Terms
initial business combination financial
anti-dilution rights financial
forfeiture financial
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What does the Form 3 filing by QDRO Acquisition Corp. director James Howell report?
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