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 Brian D. Friedman reported 30,000 Class B ordinary shares as an initial ownership position. These Class B shares 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, and have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Friedman Brian D
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 held: 30,000 shares
Underlying Class A shares: 30,000 shares
Par value per share: $0.0001 per share
3 metrics
Class B shares held
30,000 shares
Class B ordinary shares directly owned following the reported holding
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 ordinary shares and corresponding 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
"will automatically convert into Class A ordinary shares ... on a one-for-one basis"
FAQ
What did Brian D. Friedman report in his Form 3 for THEOU?
Brian D. Friedman reported 30,000 Class B ordinary shares of BOA Acquisition Corp. II as a director. These Class B shares correspond to 30,000 underlying Class A shares upon conversion.
AI-generated analysis. How Rhea-AI works. Not financial advice.