West Enclave director buys 45,000 shares
West Enclave Merger Corp. director Jean Michel Enriquez Dahlhaus reported acquiring a total of 45,000 ordinary shares.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
West Enclave Merger Corp. director Jean Michel Enriquez Dahlhaus reported acquiring a total of 45,000 ordinary shares. This reflects 5,000 shares from private units bought at $10.00 per unit and 40,000 founder shares transferred by West Enclave Sponsor LLC at about $0.0065 per share.
Insider Trade Summary
Net Buyer: 45,000 shares
Net Buy
1 txn
Insider
ENRIQUEZ DAHLHAUS Jean Michel
Role
Director
Bought
45,000 shs ($0.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Ordinary Shares | 45,000 | $0.00 | $0.00 |
Holdings After Transaction:
Ordinary Shares — 45,000 shares (Direct)
Footnotes (1)
- F1. Simultaneously with the consummation of the Issuer's initial public offering, the reporting person acquired, at a price of $10.00 per unit, 5,000 units (the "Private Units") in a private placement for an aggregate purchase price of $50,000. 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. West Enclave Sponsor LLC (the "Sponsor") transferred an aggregate of 40,000 ordinary shares of the Issuer (the "founder shares") to the reporting person on the closing of the Issuer's initial public offering for an aggregate consideration of proximately $260.87, or approximately $0.0065 per founder share. The reported shares are the 5,000 ordinary shares included in the Private Units and 40,000 founder shares transferred to the reporting person from the Sponsor.
Key Figures
Shares acquired: 45,000 shares
Private placement units: 5,000 units
Unit purchase price: $10.00 per unit
+4 more
7 metrics
Shares acquired
45,000 shares
Total ordinary shares beneficially owned after transaction
Private placement units
5,000 units
Units bought simultaneously with initial public offering
Unit purchase price
$10.00 per unit
Price paid for private units at IPO
Private unit cost
$50,000
Aggregate purchase price for 5,000 private units
Founder shares transferred
40,000 shares
Ordinary shares transferred from West Enclave Sponsor LLC
Founder share consideration
$260.87
Aggregate consideration for 40,000 founder shares
Founder share price
$0.0065 per share
Approximate price per founder share transferred
Key Terms
initial public offering, private placement, Private Units, founder shares, +1 more
5 terms
initial public offering financial
"Simultaneously with the consummation of the Issuer's initial public offering, the reporting person acquired..."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
private placement financial
"5,000 units (the "Private Units") in a private placement for an aggregate purchase price..."
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
"5,000 units (the "Private Units") in a private placement for an aggregate purchase price..."
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 director Jean Michel Enriquez Dahlhaus report?
Jean Michel Enriquez Dahlhaus reported acquiring 45,000 ordinary shares of West Enclave Merger Corp. This total comes from 5,000 shares in private units and 40,000 founder shares transferred to him at a nominal per-share price.
At what price were the WENC private placement units acquired by the director?
The director acquired 5,000 private placement units at $10.00 per unit for West Enclave Merger Corp. Each unit includes one ordinary share and one right to receive one-tenth of an ordinary share after completion of an initial business combination.
What do the private units in West Enclave Merger Corp. include?
Each private unit includes one ordinary share and one right to receive one-tenth of an ordinary share. These rights become exercisable upon completion of an initial business combination by West Enclave Merger Corp., providing additional equity exposure to the holder.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates