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.
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.