BOA Acquisition Corp. II insider reports 5.98M Class B shares
BOA Acquisition Corp. II filed an initial ownership report showing 5,980,714 Class B ordinary shares held indirectly through Bet on America II Sponsor LLC.
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Rhea-AI Filing Summary
BOA Acquisition Corp. II filed an initial ownership report showing 5,980,714 Class B ordinary shares held indirectly through Bet on America II Sponsor LLC. These Class B shares automatically convert into Class A ordinary shares on a one-for-one basis upon the company’s initial business combination or earlier at the holder’s option and have no expiration date. Benjamin Avery Friedman controls Bet on America II HoldCo LLC, the managing member of the Sponsor, and may be deemed to share beneficial ownership of these shares, but he disclaims beneficial ownership except to the extent of any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares F1, F2 | -- | -- | -- |
Footnotes (2)
- F1. As described in the issuer's registration statement on Form S-1 (File No. 333-290732) under the heading "Description of Securities," the Class B ordinary shares, par value $0.0001 per share, of the issuer will automatically convert into Class A ordinary shares, par value $0.0001 per share, of the issuer at the time of the issuer's initial business combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, and have no expiration date.
- F2. Reflects securities held directly by Bet on America II Sponsor LLC (the "Sponsor"). Benjamin Avery Friedman, Chief Executive Officer and Chief Financial Officer of BOA Acquisition Corp. II controls Bet on America II HoldCo LLC, the managing member of the Sponsor. As such, he may be deemed to have or share beneficial ownership of the Class B ordinary shares held directly by Bet on America II HoldCo LLC. Mr. Friedman disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
Key Figures
Key Terms
automatic convert financial
beneficial ownership financial
pecuniary interest financial
FAQ
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What insider holdings does BOA Acquisition Corp. II (THEOU) report on this Form 3?
What is Benjamin Avery Friedman’s relationship to the reported BOA Acquisition Corp. II (THEOU) shares?
AI-generated analysis. How Rhea-AI works. Not financial advice.