Yorkville (YICCU) CFO Troy Rillo reports 150,000 Class B founder shares
Rhea-AI Filing Summary
Yorkville International Capital Corp. Chief Financial Officer Troy Rillo has filed an initial Form 3 showing his equity position. He holds 150,000 Class B ordinary shares, which are founder shares acquired through a subscription agreement with the company.
The Class B ordinary shares will automatically convert into Class A ordinary shares on a one-for-one basis at the time of Yorkville’s initial business combination, or earlier at Mr. Rillo’s option, subject to adjustments. The Class B shares have no expiration date, so this position remains outstanding until converted or otherwise disposed.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rillo Troy
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 150,000 shares (Direct)
Footnotes (1)
- As described in the registration statement on Form S-1 (File No. 333-295912) of Yorkville International Capital Corp. (the "Issuer") under the heading "Description of Securities--Founder Shares," the shares of Class B ordinary shares will automatically convert into shares of 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. These shares represent the Class B ordinary shares held by Troy Rillo acquired pursuant to a subscription agreement by and between the Issuer and Mr. Rillo.
Key Figures
Class B founder shares held: 150,000 shares
Conversion ratio: 1-for-1 into Class A
Exercise/conversion price: $0.0000 per share
3 metrics
Class B founder shares held
150,000 shares
Beneficial ownership reported on Form 3
Conversion ratio
1-for-1 into Class A
Class B to Class A ordinary shares
Exercise/conversion price
$0.0000 per share
Stated for Class B converting into Class A
Key Terms
Class B ordinary shares, Class A ordinary shares, initial business combination, founder shares, +1 more
5 terms
initial business combination financial
"will automatically convert into shares of Class A ordinary shares at the time of the Issuer's 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.
subscription agreement financial
"shares represent the Class B ordinary shares held by Troy Rillo acquired pursuant to a subscription agreement"
A subscription agreement is a legal contract in which an investor agrees to buy a specific number of a company’s shares or other securities under set terms, including price, payment method and conditions for closing the sale. It matters to investors because it legally locks in their purchase and the company’s obligations, determines ownership percentage and any investor rights, and can include conditions or promises that affect future control or returns—like signing a detailed purchase order for equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Yorkville International Capital Corp. (YICCU) disclose in Troy Rillo’s Form 3?
The Form 3 shows CFO Troy Rillo beneficially owns 150,000 Class B ordinary shares. These are founder shares obtained via a subscription agreement and are currently held directly, providing an initial snapshot of his equity stake in Yorkville International Capital Corp.