BOA Acquisition Corp. II (THEOU) insider details 5.98M Class B sponsor holdings
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Friedman Benjamin A., Bet on America II Sponsor LLC, Bet on America II HoldCo LLC
Role
See Remarks | See Remarks | See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares F1, F2 | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 5,980,714 shares (Indirect, See Footnote)
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
Indirect Class B shares held: 5,980,714 shares
Underlying Class A shares: 5,980,714 shares
Par value per share: $0.0001
+1 more
4 metrics
Indirect Class B shares held
5,980,714 shares
Class B ordinary shares held indirectly through Bet on America II Sponsor LLC
Underlying Class A shares
5,980,714 shares
Class B ordinary shares automatically convert into an equal number of Class A ordinary shares
Par value per share
$0.0001
Par value of both Class B ordinary shares and Class A ordinary shares
Conversion ratio
1:1
Automatic conversion of Class B ordinary shares into Class A ordinary shares
Key Terms
Class B ordinary shares, Class A ordinary shares, automatic convert, beneficial ownership, +1 more
5 terms
automatic convert financial
"the Class B ordinary shares ... will automatically convert into Class A ordinary shares"
beneficial ownership financial
"he may be deemed to have or share beneficial ownership of the Class B ordinary shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest"
FAQ
What insider holdings does BOA Acquisition Corp. II (THEOU) report on this Form 3?
The Form 3 reports 5,980,714 Class B ordinary shares of BOA Acquisition Corp. II held indirectly through Bet on America II Sponsor LLC, with Benjamin Avery Friedman associated via control of the Sponsor’s managing member.
What is Benjamin Avery Friedman’s relationship to the reported BOA Acquisition Corp. II (THEOU) shares?
Benjamin Avery Friedman controls Bet on America II HoldCo LLC, the managing member of the Sponsor holding the shares, and may be deemed to share beneficial ownership, but he disclaims beneficial ownership except for any pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.