Lafayette Sponsor reports 9.58M Class B shares
Lafayette Digital Sponsor I, LLC, a 10% owner of Lafayette Digital Acquisition Corp. I, has filed an initial Form 3 disclosing its beneficial ownership position.
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Rhea-AI Filing Summary
Lafayette Digital Sponsor I, LLC, a 10% owner of Lafayette Digital Acquisition Corp. I, has filed an initial Form 3 disclosing its beneficial ownership position. The sponsor directly holds 9,583,333 Class B ordinary shares.
These Class B shares will automatically convert into Class A ordinary shares on a one-for-one basis concurrently with or immediately following the company’s initial business combination, or earlier at the holders’ option, and they have no expiration date. This filing records the sponsor’s ownership rather than a new purchase or sale.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Lafayette Digital Sponsor I, LLC report in this Form 3 for ZKPU?
The Form 3 shows that Lafayette Digital Sponsor I, LLC beneficially owns 9,583,333 Class B ordinary shares of Lafayette Digital Acquisition Corp. I.
Is Lafayette Digital Sponsor I, LLC a 10% owner of Lafayette Digital Acquisition Corp. I (ZKPU)?
Yes. The Form 3 identifies Lafayette Digital Sponsor I, LLC as a 10% owner of Lafayette Digital Acquisition Corp. I.
Is the ownership reported by Lafayette Digital Sponsor I, LLC direct or indirect?
The Form 3 indicates the 9,583,333 Class B ordinary shares are held with direct ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.