RRE Ventures (RREVU) director awarded 250,000 warrants and Class B shares
Rhea-AI Filing Summary
RRE Ventures Acquisition Corp. director Bruce Bernstein reported receiving equity awards in the form of warrants and Class B Ordinary Shares. On May 1, 2026, he was granted 250,000 warrants at $1.00 per warrant, each exercisable into one Class A Ordinary Share at a conversion price of $11.50 per share, bringing his warrant holdings to 250,000. Earlier awards of Class B Ordinary Shares on March 2, 2026 for 40,000 shares and on March 25, 2026 for 75,000 shares increased his Class B holdings to 115,000. The Class B shares 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, while the private placement warrants become exercisable 30 days after that business combination and expire five years later.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Bernstein Bruce
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Warrant | 250,000 | $1.00 | $250K |
| Grant/Award | Class B Ordinary Shares | 75,000 | $0.00 | -- |
| Grant/Award | Class B Ordinary Shares | 40,000 | $0.00 | -- |
Holdings After Transaction:
Warrant — 250,000 shares (Direct);
Class B Ordinary Shares — 115,000 shares (Direct)
Footnotes (1)
- 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. These securities were previously reported on a Form 3 filed by the Reporting Person. The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the Issuer's initial business combination or earlier upon liquidation.
Key Figures
Warrants granted: 250,000 warrants at $1.00
Warrant exercise price: $11.50 per share
Class B shares grant 1: 40,000 Class B Ordinary Shares
+2 more
5 metrics
Warrants granted
250,000 warrants at $1.00
Grant on May 1, 2026; private placement warrants
Warrant exercise price
$11.50 per share
Conversion price into Class A Ordinary Shares
Class B shares grant 1
40,000 Class B Ordinary Shares
Grant on March 2, 2026
Class B shares grant 2
75,000 Class B Ordinary Shares
Grant on March 25, 2026; total Class B 115,000 after grant
Class B conversion ratio
1:1 into Class A
Automatic at initial business combination or earlier at option
Key Terms
Class B Ordinary Shares, private placement warrants, initial business combination, Form 3
4 terms
private placement warrants financial
"The private placement warrants will become exercisable 30 days after the completion of the Issuer's initial business combination"
Private placement warrants are tradable coupons given directly to a limited group of investors that let the holder buy a company's shares at a fixed price before a set expiration date. They matter to investors because they can provide extra upside if the stock rises and give companies a way to raise money outside a public offering, but they also can increase the number of shares outstanding (dilution) and therefore affect share value and investor returns.
initial business combination financial
"at the time of the Issuer's initial business combination, or at any time prior thereto at the option of the Reporting Person"
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.
Form 3 regulatory
"These securities were previously reported on a Form 3 filed by the Reporting Person."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Bruce Bernstein report at RRE Ventures Acquisition Corp. (RREVU)?
Bruce Bernstein reported awards of warrants and Class B Ordinary Shares. He received 250,000 warrants and a total of 115,000 Class B shares, all held directly, giving him rights to future Class A Ordinary Shares upon conversion or exercise.
How many warrants did Bruce Bernstein receive from RRE Ventures Acquisition Corp. (RREVU)?
He was granted 250,000 private placement warrants at $1.00 per warrant. Each warrant is exercisable into one Class A Ordinary Share at an exercise price of $11.50 per share, starting 30 days after the initial business combination and expiring five years later.
When can Bruce Bernstein exercise his RRE Ventures (RREVU) private placement warrants?
The private placement warrants become exercisable 30 days after completion of RRE Ventures’ initial business combination. They expire five years after that business combination or earlier if the company is liquidated, limiting the time window for exercising those warrants into Class A shares.