BOA Acquisition Corp. II (THEOU) director discloses 30,000 Class B shares with 1:1 conversion
Rhea-AI Filing Summary
BOA Acquisition Corp. II director Jared Michael Berlin reported initial ownership of 30,000 Class B ordinary shares on a Form 3. These Class B ordinary shares have a par value of $0.0001 per share and are reported as directly owned. According to the company’s described terms, each Class B ordinary share will automatically convert into one Class A ordinary share, also with a par value of $0.0001 per share, at the time of the issuer’s initial business combination, or earlier at the holder’s option, and the Class B shares have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Berlin Jared Michael
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
+1 more
4 metrics
Class B shares held
30,000 shares
Directly owned Class B ordinary shares reported on Form 3
Underlying Class A shares
30,000 shares
Class B ordinary shares automatically convert into Class A on a one-for-one basis
Par value per share
$0.0001
Par value of both Class B and Class A ordinary shares
Expiration date of Class B shares
No expiration date
Class B ordinary shares have no expiration date per securities description
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, automatic conversion
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.
automatic conversion financial
"will automatically convert into Class A ordinary shares, par value $0.0001 per share"
FAQ
What insider stake did Jared Michael Berlin report in BOA Acquisition Corp. II (THEOU)?
Jared Michael Berlin reported 30,000 Class B ordinary shares of BOA Acquisition Corp. II on his Form 3, all held as direct ownership, establishing his initial disclosed equity position as a director.
AI-generated analysis. How Rhea-AI works. Not financial advice.