RRE Ventures (RREVU) CFO reports 25,000 Class B shares convertible to Class A
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
RRE Ventures Acquisition Corp. Chief Financial Officer Andrew Albert Kucharchuk filed an initial ownership report showing holdings of Class B Ordinary Shares. The filing indicates that 25,000 Class B shares are directly owned and are convertible into 25,000 Class A Ordinary Shares on a one-for-one basis at an exercise price of $0.0000 per share. According to the footnote, these Class B shares will automatically convert into Class A shares at the time of the company’s initial business combination, or earlier at the reporting person’s option, and they have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KUCHARCHUK ANDREW ALBERT
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 25,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Class B shares held: 25,000 shares
Underlying Class A shares: 25,000 shares
Exercise price: $0.0000 per share
3 metrics
Class B shares held
25,000 shares
Directly owned by CFO following reported holdings
Underlying Class A shares
25,000 shares
Class A Ordinary Shares underlying Class B Ordinary Shares
Exercise price
$0.0000 per share
Conversion of Class B Ordinary Shares 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
"on a one-for-one basis, subject to adjustment, and have no expiration date"
FAQ
What does RRE Ventures Acquisition Corp. (RREVU) Form 3 disclose for the CFO?
The Form 3 shows CFO Andrew Albert Kucharchuk directly holds 25,000 Class B Ordinary Shares, convertible into 25,000 Class A Ordinary Shares at an exercise price of $0.0000 per share, with no expiration date.