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 Jonathan Sassover reported initial beneficial ownership of 30,000 Class B ordinary shares on a Form 3. These Class B shares will automatically convert into 30,000 Class A ordinary shares at the time of the issuer’s initial business combination, or earlier at the holder’s option, on a one-for-one basis with no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sassover Jonathan
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 Class B ordinary shares
Underlying Class A shares: 30,000 Class A ordinary shares
Par value per share: $0.0001 per share
3 metrics
Class B shares held
30,000 Class B ordinary shares
Beneficial ownership reported by Jonathan Sassover following the reported event
Underlying Class A shares
30,000 Class A ordinary shares
Number of Class A ordinary shares into which the Class B shares will convert on a one-for-one basis
Par value per share
$0.0001 per share
Par value of both Class B and Class A ordinary shares as described in the security terms
Key Terms
initial business combination, automatically convert, one-for-one basis, par value
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"
one-for-one basis financial
"convert into Class A ordinary shares ... on a one-for-one basis, subject to certain adjustments"
par value financial
"Class B ordinary shares, par value $0.0001 per share ... Class A ordinary shares, par value $0.0001 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What did Jonathan Sassover report in his Form 3 for THEOU?
Jonathan Sassover reported beneficial ownership of 30,000 Class B ordinary shares of BOA Acquisition Corp. II, which are convertible into an equal number of Class A ordinary shares on a one-for-one basis.
Is the Form 3 for THEOU reporting a new transaction or just holdings?
The Form 3 for BOA Acquisition Corp. II reports holdings only. It shows Jonathan Sassover’s beneficial ownership of 30,000 Class B ordinary shares, with no specific buy or sell transaction reported in this filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
