RRE Ventures (RREVU) director discloses 30,000 Class B shares convertible to Class A
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
RRE Ventures Acquisition Corp. director Kendrick Brett Meek reported beneficial ownership of 30,000 Class B Ordinary Shares on this Form 3. These Class B shares are convertible into 30,000 Class A Ordinary Shares on a one-for-one basis, either automatically at the company’s initial business combination or earlier at his option, and they have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Meek Kendrick Brett
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 30,000 shares (Direct, null)
Footnotes (1)
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Key Figures
Class B shares held: 30,000 shares
Underlying Class A shares: 30,000 shares
Exercise/Conversion price: $0.0000 per share
3 metrics
Class B shares held
30,000 shares
Beneficial ownership reported on Form 3
Underlying Class A shares
30,000 shares
One-for-one conversion from Class B
Exercise/Conversion price
$0.0000 per share
Conversion terms for Class B into Class A
Key Terms
Class B Ordinary Shares, Class A Ordinary Shares, initial business combination, one-for-one basis
4 terms
initial business combination financial
"The Class B Ordinary Shares 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 insider position did Kendrick Brett Meek report in RREVU on this Form 3?
Kendrick Brett Meek reported direct beneficial ownership of 30,000 Class B Ordinary Shares of RRE Ventures Acquisition Corp. These shares are stated as his holdings following the reported information, serving as a baseline disclosure of his equity position.
Does the RREVU Form 3 show any insider buying or selling transactions?
The summary data in the Form 3 shows no reported buy or sell transactions. It reflects one holding entry with 30,000 Class B Ordinary Shares and categorizes the net buy/sell direction as neutral, serving primarily as an initial ownership disclosure.