BOA Acquisition Corp. II (THEOU) director discloses 30,000 Class B shares convertible to Class A
Rhea-AI Filing Summary
BOA Acquisition Corp. II director Jason Scott Kahan reported initial beneficial ownership of 30,000 Class B ordinary shares. These Class B shares have a par value of $0.0001 per share and will automatically convert into 30,000 Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination, or earlier at the holder’s option, subject to certain adjustments. The Class B shares have no expiration date and are held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kahan Jason Scott
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares F1 | -- | -- | -- |
Holdings After Transaction:
Class B ordinary shares — 30,000 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Class B shares beneficially owned: 30,000 shares
Underlying Class A shares: 30,000 shares
Par value per share: $0.0001 per share
3 metrics
Class B shares beneficially owned
30,000 shares
Class B ordinary shares held directly by director following the reported position
Underlying Class A shares
30,000 shares
Number of Class A ordinary shares issuable upon one-for-one conversion of Class B shares
Par value per share
$0.0001 per share
Par value of both Class B and Class A ordinary shares
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, one-for-one basis
4 terms
initial business combination financial
"will automatically convert into Class A ordinary shares ... at the time 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.
one-for-one basis financial
"convert into Class A ordinary shares ... on a one-for-one basis, subject to certain adjustments"
FAQ
What did Jason Scott Kahan report on his Form 3 for THEOU (BOA Acquisition Corp. II)?
He reported beneficial ownership of 30,000 Class B ordinary shares of BOA Acquisition Corp. II, held directly. These shares are convertible into an equal number of Class A ordinary shares on a one-for-one basis, subject to adjustments.
AI-generated analysis. How Rhea-AI works. Not financial advice.