TDAC (TDAC) CEO Michael Hoffman purchases 53,395 company warrants in open market
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Translational Development Acquisition Corp. director and CEO Michael B. Hoffman bought 53,395 warrants in an open-market transaction. The warrants were purchased at a weighted average price of about $0.79 per warrant, for aggregate proceeds of $42,280.50. Each warrant entitles the holder to acquire one Class A ordinary share at an exercise price of $11.50 per share. The warrants become exercisable 30 days after completion of the company’s initial business combination and expire five years after that business combination, or earlier upon redemption or liquidation. Following this transaction, Hoffman directly holds 53,395 warrants.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 53,395 shares ($42,278)
Net Buy
1 txn
Insider
Hoffman Michael B
Role
Chairman and CEO
Bought
53,395 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants | 53,395 | $0.7918 | $42K |
Holdings After Transaction:
Warrants — 53,395 shares (Direct, null)
Footnotes (1)
- Each warrant becomes exercisable 30 days after completion of the Issuer's initial business combination, as described in the Issuer's filings with the Securities and Exchange Commission. The warrants expire five years after completion of the Issuer's initial business combination, or earlier upon redemption or liquidation, as described in the Issuer's filings with the Securities and Exchange Commission (the "SEC") The price reported in Column 8 is a weighted average price. These warrants were purchased in multiple transactions at prices ranging from $0.71 to $0.9997, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of warrants purchased at each separate price within the range set forth in this footnote. For reference, aggregate proceeds were $42,280.50 and the exact weighted average price was $0.7918438056.
Key Figures
Warrants purchased: 53,395 warrants
Weighted average purchase price: $0.7918 per warrant
Aggregate purchase amount: $42,280.50
+3 more
6 metrics
Warrants purchased
53,395 warrants
Open-market purchase on 2026-05-27
Weighted average purchase price
$0.7918 per warrant
Price per warrant reported in transaction details
Aggregate purchase amount
$42,280.50
Total proceeds paid for warrants as noted in footnote
Exercise price
$11.50 per share
Warrant exercise price for Class A ordinary shares
Underlying shares
53,395 Class A shares
Shares underlying the purchased warrants
Exercise window
5 years after business combination
Warrant term following initial business combination
Key Terms
open-market purchase, warrants, weighted average price, Class A ordinary shares, +1 more
5 terms
open-market purchase financial
"Warrants were acquired in an open-market purchase transaction."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
warrants financial
"Each warrant becomes exercisable 30 days after completion of the initial business combination."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
weighted average price financial
"The price reported is a weighted average price for multiple warrant trades."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
initial business combination financial
"Each warrant becomes exercisable 30 days after completion of the issuer's initial business combination."
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.
FAQ
What insider transaction did TDAC Chairman and CEO Michael B. Hoffman report?
Michael B. Hoffman reported an open-market purchase of 53,395 warrants of Translational Development Acquisition Corp. He now directly holds these warrants, increasing his derivative exposure tied to the company’s Class A ordinary shares.
How much did Michael B. Hoffman pay for the TDAC warrants he purchased?
He paid aggregate proceeds of $42,280.50 for 53,395 TDAC warrants. The weighted average purchase price was approximately $0.79 per warrant, with individual trades executed between $0.71 and $0.9997 per warrant.
What do the purchased TDAC warrants held by Michael B. Hoffman represent?
Each TDAC warrant allows Michael B. Hoffman to acquire one Class A ordinary share at an exercise price of $11.50 per share. In total, his 53,395 warrants are linked to 53,395 underlying Class A ordinary shares.
When can the TDAC warrants bought by Michael B. Hoffman be exercised?
The TDAC warrants become exercisable 30 days after completion of the company’s initial business combination. Until that business combination closes and the 30-day period passes, the warrants cannot be exercised into Class A ordinary shares.
When do the TDAC warrants purchased by Michael B. Hoffman expire?
The TDAC warrants expire five years after completion of Translational Development Acquisition Corp.’s initial business combination. They may also terminate earlier if redeemed or if the company is liquidated, according to the stated terms.