West Enclave Sponsor buys 22,500 WENC units
West Enclave Sponsor LLC, an entity controlled by Emilio Mahuad and Adrian Otero, acquired 22,500 units of West Enclave Merger Corp. in a private placement.
Rhea-AI Filing Summary
West Enclave Sponsor LLC, an entity controlled by Emilio Mahuad and Adrian Otero, acquired 22,500 units of West Enclave Merger Corp. in a private placement. Each unit was purchased at $10.00 for an aggregate of $225,000 and includes one ordinary share and one right. The Form 4 reports the 22,500 ordinary shares included in these Private Units as indirectly owned by Mr. Mahuad, bringing his reported indirect holdings to 2,603,333 ordinary shares, while he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,500 shares
Net Buy
1 txn
Insider
Mahuad Quijano Emilio
Role
See Remarks
Bought
22,500 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares | 22,500 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 2,603,333 shares (Indirect, See Footnote)
Footnotes (2)
- F1. On May 4, 2026, the underwriters of the Issuer notified the Issuer of their exercise of the over-allotment option in full and the over-allotment option closed on May 6, 2026. Simultaneously with the closing of the over-allotment option, West Enclave Sponsor LLC (the "Sponsor") acquired, at a price of $10.00 per unit, 22,500 units (the "Private Units") in a private placement for an aggregate purchase price of $225,000. Each Private Unit consists of one ordinary share and one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an initial business combination. The reported shares are the 22,500 ordinary shares included in such Private Units.
- F2. The securities are held directly by the Sponsor and indirectly by Emilio Mahuad and Adrian Otero, who control the management of the Sponsor, including the exercise of voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. Each of Mr. Mahuad and Mr. Otero disclaims any beneficial ownership of any shares held by the sponsor except to the extent of his pecuniary interest therein.
Key Figures
Units acquired: 22,500 units
Price per unit: $10.00 per unit
Aggregate purchase price: $225,000
+3 more
6 metrics
Units acquired
22,500 units
Private placement on May 6, 2026
Price per unit
$10.00 per unit
Private Units purchased by Sponsor
Aggregate purchase price
$225,000
Total paid for 22,500 Private Units
Ordinary shares in Private Units
22,500 ordinary shares
Shares included in acquired Private Units
Indirect shares after transaction
2,603,333 shares
Ordinary shares indirectly reported by Mahuad
Right conversion ratio
0.1 ordinary share per right
Each right upon completion of initial business combination
Key Terms
over-allotment option, private placement, Private Units, pecuniary interest, +1 more
5 terms
over-allotment option financial
"the underwriters of the Issuer notified the Issuer of their exercise of the over-allotment option in full"
An over-allotment option is a special agreement that allows underwriters to sell more shares than initially planned if demand is high. Think of it like a retailer offering extra units of a popular product to meet additional customer interest. This option helps ensure the full sale is completed and can also give investors extra shares if they want more.
private placement financial
"acquired, at a price of $10.00 per unit, 22,500 units in a private placement"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Private Units financial
"22,500 units (the "Private Units") in a private placement for an aggregate purchase price of $225,000"
pecuniary interest financial
"disclaims any beneficial ownership of any shares held by the sponsor except to the extent of his pecuniary interest therein"
initial business combination financial
"one right entitling the holder thereof to receive one-tenth of one ordinary share upon the completion of an 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WENC report for Emilio Mahuad?
West Enclave Merger Corp. reported that West Enclave Sponsor LLC, associated with Emilio Mahuad, acquired 22,500 units in a private placement. The filing reflects 22,500 ordinary shares from these units as indirectly owned by Mahuad, increasing his reported indirect holdings to 2,603,333 shares.
What price did West Enclave Sponsor LLC pay for the WENC private units?
West Enclave Sponsor LLC paid $10.00 per unit for 22,500 units, totaling $225,000. Each Private Unit consists of one ordinary share and one right to receive one-tenth of one ordinary share upon completion of an initial business combination.
What rights are included in the West Enclave Merger Corp. Private Units?
Each Private Unit includes one ordinary share and one right. Each right entitles the holder to receive one-tenth of one ordinary share upon the completion of an initial business combination, providing additional potential equity if such a combination is successfully completed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
