SPACCircle sponsor buys 266,590 Class A shares
Each private placement unit includes one Class A ordinary share, one warrant exercisable for one share, and a right to receive one-half of one share.
Sentiment and the balance of points
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Rhea-AI Filing Summary
SPACCircle Acquisition Corp. reported that SPACCircle Sponsor LLC purchased 266,590 Class A ordinary shares underlying private placement units at $10 per share on October 28, 2026; 266,590 shares followed the transaction. Soumen Das, a director, and Miteshkumar Patel are managing members of SPACCatalyst LLC, the Sponsor’s managing member. They may be deemed beneficial owners through their voting and investment discretion, while each disclaims beneficial ownership beyond any pecuniary interest. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Ordinary Shares F1, F2 | 266,590 | $10.00 | $2.67M |
Footnotes (2)
- F1. Represents shares underlying the private placement units (each unit consisting of one Class A ordinary share, one warrant, each exercisable to purchase one Class A ordinary share, and one right to receive one-half (1/2) of one Class A ordinary share) directly held by SPACCircle Sponsor LLC (the "Sponsor"), and which were acquired pursuant to a Private Placement Units Purchase Agreement by and between the Sponsor and SPACCircle Acquisition Corp.
- F2. Soumen Das, a director of the Issuer, and MiteshKumar Patel are managing members of SPACCatalyst LLC, which is the managing member of the Sponsor, and have voting and investment discretion with respect to the securities held by the Sponsor. As such, each of Messrs. Das and Patel may be deemed to possess beneficial ownership of the securities held directly by the Sponsor. Each of Messrs. Das and Patel disclaims any beneficial ownership of the reported securities other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Key Terms
Private Placement Units Purchase Agreement financial
voting and investment discretion regulatory
beneficial ownership regulatory
pecuniary interest financial
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