Wilco 63 Corp (WLCOU) sponsor discloses 5.75M Class B founder shares
Rhea-AI Filing Summary
Wilco 63 Holding LLC, the sponsor of Wilco 63 Corp, reports ownership of 5,750,000 Class B ordinary shares, which are convertible into an equal number of Class A ordinary shares. These Class B shares will automatically convert at the company’s initial business combination or earlier at the holder’s option and have no expiration date.
The shares were acquired under a subscription agreement between the issuer and the sponsor. HandsOn Global Management, LLC is the sole managing member of the sponsor, and Par Chadha manages HandsOn Global Management and has voting and investment discretion over the sponsor’s holdings; they may be deemed beneficial owners but disclaim beneficial ownership except to the extent of any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (3)
- F1. As described in the registration statement on Form S-1 (File No. 333-296376) of Wilco 63 Corporation (the "Issuer") under the heading "Description of Securities--Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
- F2. These shares represent the Class B ordinary shares held by Wilco 63 Holding LLC (the "Sponsor") acquired pursuant to a subscription agreement by and between the Issuer and the Sponsor.
- F3. HandsOn Global Management LLC ("HGM") is the sole managing member of the Sponsor and Par Chadha is the managing member of HGM and holds voting and investment discretion with respect to the ordinary shares held of record by the Sponsor. As such, Mr. Chadha may be deemed to have beneficial ownership of the securities held of record by the Sponsor. The reporting persons disclaim beneficial ownership of the securities reported herein, except to the extent of their pecuniary interest therein.
Key Figures
Key Terms
initial business combination financial
beneficial ownership financial
subscription agreement financial
FAQ
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