Standard Nuclear holders convert 19,877,358 preferred shares
Fundomo SN-001, LP and Fundomo SN-002, LP reported automatic 1-for-1 conversion of their Series Seed-1, Series A and Series A-2 Preferred Stock into Class A Common Stock of Standard Nuclear, Inc. immediately before the IPO.
Rhea-AI Filing Summary
Fundomo SN-001, LP and Fundomo SN-002, LP reported automatic 1-for-1 conversion of their Series Seed-1, Series A and Series A-2 Preferred Stock into Class A Common Stock of Standard Nuclear, Inc. immediately before the IPO. The conversions covered 19,877,358 Class A shares across affiliated entities, with voting and dispositive power over ST-1014 Fund I’s shares delegated to an unaffiliated adviser and beneficial ownership disclaimed except for pecuniary interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock F1, F2, F3, F4 | 3,849,782 | $0.00 | $0.00 |
| Conversion | Series A-2 Preferred Stock F1, F2, F3, F4 | 2,027,576 | $0.00 | $0.00 |
| Conversion | Series Seed-1 Preferred Stock F1, F2, F3, F4 | 14,000,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1, F2, F3, F4 | 3,849,782 | -- | -- |
| Conversion | Class A Common Stock F1, F2, F3, F4 | 2,027,576 | -- | -- |
| Conversion | Class A Common Stock F1, F2, F3, F4 | 14,000,000 | -- | -- |
Footnotes (4)
- F1. The Series Seed-1 Preferred Stock, Series A Preferred Stock, and Series A-2 Preferred Stock automatically converted into Class A Common Stock of the Issuer on a 1-for-1 basis immediately prior to the closing of the Issuer's initial public offering. The securities had 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
automatic conversion financial
Class A Common Stock financial
initial public offering financial
voting and dispositive power financial
beneficial ownership regulatory
pecuniary interest financial
FAQ
What did Fundomo SN-001, LP and Fundomo SN-002, LP report in Standard Nuclear (STDN)'s Form 4?
Were the Standard Nuclear (STDN) conversions reported under a Rule 10b5-1 trading plan?
Which entities are identified as 10% owners in the Standard Nuclear (STDN) Form 4?
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