115K Class B shares held by RRE Ventures (RREVU) director Mancini
Rhea-AI Filing Summary
Mancini Robert Scott, a director of RRE Ventures Acquisition Corp., reported his initial ownership on a Form 3. He holds 115,000 Class B Ordinary Shares, owned directly.
These Class B shares will automatically convert into Class A Ordinary Shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at his option, and have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mancini Robert Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 115,000 shares (Direct)
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
Director Class B holdings: 115,000 shares
Underlying Class A shares: 115,000 shares
Conversion price: 0.0000 per share
3 metrics
Director Class B holdings
115,000 shares
Class B Ordinary Shares held directly as reported on Form 3
Underlying Class A shares
115,000 shares
Class A Ordinary Shares underlying the Class B shares on one-for-one basis
Conversion price
0.0000 per share
Exercise or conversion price from Class B into Class A Ordinary Shares
Key Terms
Class B Ordinary Shares, Class A Ordinary Shares, initial business combination, one-for-one basis
4 terms
initial business combination financial
"will automatically convert into Class A Ordinary Shares at the time of the Issuer's initial business combination"
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.
one-for-one basis financial
"convert into Class A Ordinary Shares at the time ... on a one-for-one basis"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the RRE Ventures (RREVU) Form 3 filing by Mancini Robert Scott show?
The Form 3 shows director Mancini Robert Scott’s initial ownership of 115,000 Class B Ordinary Shares of RRE Ventures Acquisition Corp. These shares are held directly and establish his starting equity position as a reporting insider.