BOA Acquisition Corp. II (THEOU) director Seth Schorr reports 30,000 Class B shares
Rhea-AI Filing Summary
BOA Acquisition Corp. II director Seth Schorr reported his initial beneficial ownership on Class B ordinary shares. He holds 30,000 Class B ordinary shares, owned directly, which are convertible into Class A ordinary shares on a one-for-one basis at the time of the company’s initial business combination or earlier at his option, with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Schorr Seth
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 owned: 30,000 shares
Underlying Class A shares: 30,000 shares
Par value per share: $0.0001
3 metrics
Class B shares owned
30,000 shares
Directly held Class B ordinary shares reported as beneficial ownership
Underlying Class A shares
30,000 shares
Class B ordinary shares automatically convert into an equal number of Class A shares
Par value per share
$0.0001
Par value of both Class B and Class A ordinary shares
Key Terms
Class B ordinary shares, initial business combination, automatically convert, 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.
automatically convert financial
"Class B ordinary shares ... will automatically convert into Class A ordinary shares ... on a one-for-one basis"
one-for-one basis financial
"automatically convert into Class A ordinary shares ... on a one-for-one basis, subject to certain adjustments"
FAQ
What did Seth Schorr report in his Form 3 for THEOU (BOA Acquisition Corp. II)?
Seth Schorr reported initial ownership of 30,000 Class B ordinary shares of BOA Acquisition Corp. II, held directly. These Class B shares are convertible into Class A shares on a one-for-one basis at the company’s initial business combination or earlier at his option.
Does the Form 3 for THEOU show any recent buy or sell transactions by Seth Schorr?
No. The Form 3 lists a holding entry of 30,000 Class B ordinary shares but does not report any purchase or sale transactions. It functions as an initial statement of beneficial ownership rather than recording new trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.