Lafayette Digital (NASDAQ: ZKPU) CEO discloses 9.58M sponsor stake
Rhea-AI Filing Summary
Lafayette Digital Acquisition Corp. I received an initial ownership report for its Chief Executive Officer, director, and 10% owner, Samuel A. Jernigan IV, in connection with the company’s Class B ordinary shares. The filing shows that 9,583,333 Class B ordinary shares are held indirectly through Lafayette Digital Sponsor I, LLC, an entity associated with Jernigan, who has voting and dispositive power over these shares while disclaiming beneficial ownership beyond any pecuniary interest.
The Class B ordinary shares will automatically convert into an equal number of Class A ordinary shares concurrently with or immediately following the company’s initial business combination, or earlier at the option of the holders on a one-for-one basis, and they have no expiration date.
Positive
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B ordinary shares | -- | -- | -- |
Footnotes (1)
- Consists of shares owned by Lafayette Digital Sponsor I, LLC (the "sponsor"). Samuel A. Jernigan IV is the managing member of Lafayette Management I LLC, the sole member of the sponsor and has voting and dispositive power over the shares owned by the sponsor. Mr. Jernigan disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. 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
What does the Form 3 for ZKPU disclose about insider ownership?
The Form 3 reports that an entity associated with CEO Samuel A. Jernigan IV indirectly holds 9,583,333 Class B ordinary shares of Lafayette Digital Acquisition Corp. I.
What is the relationship of Samuel A. Jernigan IV to Lafayette Digital Acquisition Corp. I (ZKPU)?
Samuel A. Jernigan IV is reported as a director, Chief Executive Officer, and 10% owner of Lafayette Digital Acquisition Corp. I.