QDRO Acquisition (QADRU) director discloses 25,000 Class B shares on Form 3
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Howell Bo James
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 25,000 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. Howell's service on the Issuer's Board of Directors.
Key Figures
Class B shares owned: 25,000 shares
Conversion ratio: 1-for-1 into Class A
Exercise/conversion price: $0.0000 per share
+1 more
4 metrics
Class B shares owned
25,000 shares
Beneficial ownership reported on Form 3
Conversion ratio
1-for-1 into Class A
Automatic conversion at initial business combination
Exercise/conversion price
$0.0000 per share
Class B ordinary shares to Class A ordinary shares
Underlying Class A shares
25,000 shares
Underlying security for Class B 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
"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 the Form 3 filing by QDRO Acquisition Corp. director James Howell report?
The Form 3 filing reports that director James Howell beneficially owns 25,000 Class B ordinary shares of QDRO Acquisition Corp. These shares represent his initial disclosed position and are recorded without indicating any recent purchase, sale, or other transaction activity.