X3 Acquisition Management LLC reports 5.75M XCBEU shares
X3 Acquisition Management LLC, a 10% owner of X3 Acquisition Corp. Ltd., filed an initial ownership report showing a derivative position in the company’s sponsor shares.
Rhea-AI Filing Summary
X3 Acquisition Management LLC, a 10% owner of X3 Acquisition Corp. Ltd., filed an initial ownership report showing a derivative position in the company’s sponsor shares. The entity beneficially owns Class B ordinary shares that are convertible into 5,750,000 Class A ordinary shares.
These Class B shares will automatically convert to Class A shares concurrently with or immediately following the company’s initial business combination, or earlier at the holders’ option, on a one-for-one basis, subject to adjustments. The Class B ordinary shares have no expiration date, so this position remains outstanding until conversion.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Footnotes (1)
- F1. The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.
FAQ
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What does the X3 Acquisition Management LLC Form 3 for XCBEU show?
Is X3 Acquisition Management LLC a director or officer of X3 Acquisition Corp. Ltd. (XCBEU)?
Is this XCBEU Form 3 reporting a new transaction or existing holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.