West Enclave Sponsor buys 22,500 SPAC shares
West Enclave Sponsor LLC, the sponsor of West Enclave Merger Corp., bought 22,500 ordinary shares tied to its SPAC sponsorship.
Rhea-AI Filing Summary
West Enclave Sponsor LLC, the sponsor of West Enclave Merger Corp., bought 22,500 ordinary shares tied to its SPAC sponsorship. The purchase reflects 22,500 “Private Units” acquired in a private placement at $10.00 per unit, for a total of $225,000.
Each Private Unit includes one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination. After this transaction, the Sponsor holds 2,603,333 ordinary shares directly. Individuals Emilio Mahuad and Adrian Otero are indirect holders through their control of the Sponsor and each disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,500 shares
Net Buy
1 txn
Insider
WEST ENCLAVE SPONSOR LLC
Role
10% Owner
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 (Direct)
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
Shares purchased: 22,500 shares
Unit purchase price: $10.00 per unit
Aggregate purchase price: $225,000
+1 more
4 metrics
Shares purchased
22,500 shares
Ordinary shares included in Private Units acquired
Unit purchase price
$10.00 per unit
Price paid by Sponsor for each Private Unit
Aggregate purchase price
$225,000
Total paid for 22,500 Private Units in private placement
Shares owned after transaction
2,603,333 shares
Ordinary shares directly held by Sponsor following purchase
Key Terms
over-allotment option, private placement, Private Units, initial business combination
4 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 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
"22,500 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 did West Enclave Sponsor LLC buy in this Form 4 for WENC?
West Enclave Sponsor LLC purchased 22,500 ordinary shares of West Enclave Merger Corp., tied to 22,500 Private Units. Each Private Unit includes one share and a right to additional stock after a future business combination.
What was the purchase price and total value in the WENC Form 4?
The Sponsor paid $10.00 per unit for 22,500 Private Units, totaling $225,000. The Form 4 reports the 22,500 ordinary shares embedded in these units as the acquired non-derivative securities.
What are the Private Units mentioned in West Enclave’s Form 4?
Each Private Unit consists of one ordinary share and one right to receive one-tenth of an ordinary share upon completion of an initial business combination. The reported 22,500 ordinary shares are the share component of these 22,500 Private Units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
