RRE Ventures CEO reports 525,000 sponsor shares
RRE Ventures Acquisition Corp. director and Chief Executive Officer Philip Kassin reported his initial ownership on a Form 3.
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Rhea-AI Filing Summary
RRE Ventures Acquisition Corp. director and Chief Executive Officer Philip Kassin reported his initial ownership on a Form 3. He holds 525,000 Class B Ordinary Shares, which are structured to automatically convert into Class A Ordinary Shares on a one-for-one basis in connection with the company’s initial business combination or earlier at his option.
The footnote explains these Class B shares have no expiration date and will convert into an equal number of Class A shares, subject to adjustment. The filing does not report any new purchases or sales, but establishes Kassin’s starting equity position in the sponsor shares of the acquisition vehicle.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. The Class B Ordinary Shares will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the Reporting Person, on a one-for-one basis, subject to adjustment, and have no expiration date.
Key Figures
Key Terms
initial business combination financial
one-for-one basis financial
FAQ
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What does Philip Kassin’s Form 3 filing for RREVU show?
Does the RREVU Form 3 filing report any recent insider buying or selling by Philip Kassin?
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