Standard Nuclear (STDN) backers detail Series Seed and Series A preferred stakes
Rhea-AI Filing Summary
Fundomo SN-001, LP and Fundomo SN-002, LP, each a 10% owner of Standard Nuclear, report holdings of preferred stock that will convert into Class A common stock in connection with the initial public offering. Indirect positions include Series Seed-1 Preferred Stock (14000000 underlying Class A shares, held by ST-1014 Fund I) and Series A-2 Preferred Stock (2027576 underlying shares), and a direct Series A Preferred Stock stake (3849782 underlying shares). The preferred shares convert automatically at a 1-for-1 ratio and have no expiration date. The reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest, and voting and dispositive power over ST-1014 Fund I’s shares is delegated irrevocably to an unaffiliated investment adviser.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series A Preferred Stock F1, F2, F3, F4 | -- | -- | -- |
| holding | Series A-2 Preferred Stock F1 | -- | -- | -- |
| holding | Series Seed-1 Preferred Stock F1 | -- | -- | -- |
Footnotes (4)
- F1. In connection with the completion of the Issuer's initial public offering of its Class A Common Stock, each share of Series Seed-1 Preferred Stock, Series A Preferred Stock, and Series A-2 Preferred Stock will automatically convert into shares of Class A Common Stock of the Issuer at a ratio of 1-for-1. The securities have no expiration date.
- F2. Fundomo SN-001 GP, LLC ("SN-001 GP") is the sole general partner of Fundomo SN-001, LP ("SN-001"). Fundomo SN-002 GP, LLC ("SN-002 GP") is the sole general partner of Fundomo SN-002, LP ("SN-002"). Corey Nobile is the sole member of SN-001 GP and SN-002 GP. Each of SN-001 GP, SN-002 GP, and Corey Nobile may be deemed to share voting and dispositive power with respect to the shares held directly by SN-001 (in the case of SN-001 GP) and SN-002 (in the case of SN-002 GP), respectively.
- F3. ST-1014 Fund I, a series of Fundomo Syndicates, LP ("ST-1014 Fund I") may be considered an affiliate of SN-001, SN-002, SN-001 GP and SN-002 GP, but voting and dispositive power over the shares held directly by ST-1014 Fund I has been delegated on an irrevocable basis to an unaffiliated third-party investment adviser pursuant to the terms of ST-1014 Fund I's limited partnership agreement, and none of the reporting persons named herein has voting or dispositive power over such shares.
- F4. Each of the reporting persons and entities disclaims beneficial ownership of the reported securities (except to the extent of such person's or entity's pecuniary interest in such securities). The filing of this statement by the reporting persons shall not be deemed an admission that such persons are, for purposes of Section 16 of the Securities and Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this statement.
Key Figures
Key Terms
initial public offering financial
voting and dispositive power regulatory
pecuniary interest regulatory
beneficial ownership regulatory
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