Lafayette sponsor buys 435K units in Lafayette Digital Acquisition (ZKPU)
Rhea-AI Filing Summary
Lafayette Digital Acquisition Corp. I’s sponsor, Lafayette Digital Sponsor I, LLC, purchased 435,000 private units, as reported on a Form 4 for Chief Executive Officer and director Samuel A. Jernigan IV. Each private unit includes one Class A ordinary share and one-fourth of one redeemable warrant, giving exposure to 435,000 Class A shares and 108,750 warrants.
The private units were bought at $10.00 per unit for an aggregate purchase price of $4,350,000 under a Private Units Purchase Agreement dated January 8, 2026. Each whole warrant entitles the holder to buy one Class A ordinary share at $11.50 per share, becoming exercisable 30 days after the company completes its initial business combination and expiring five years after that combination or earlier upon redemption or liquidation. Jernigan is an indirect owner through management entities and disclaims beneficial ownership beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants to purchase Class A Ordinary Shares | 108,750 | $0.00 | -- |
| Purchase | Class A Ordinary Shares | 435,000 | $0.00 | -- |
Footnotes (1)
- Reflects the 435,000 private units owned by Lafayette Digital Sponsor I, LLC, the Issuer's sponsor (the "Sponsor"). Each private unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share for $11.50 per share, subject to adjustment. The private units were purchased pursuant to a Private Units Purchase Agreement, dated January 8, 2026, by and between the Sponsor and the Issuer, at $10.00 per unit for an aggregate purchase price of $4,350,000. Samuel A. Jernigan IV, is the managing member of Lafayette Management I LLC, the managing member of the Sponsor and holds voting and investment discretion with respect to the securities held of record by the Sponsor. Mr. Jernigan disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The warrants included in the private units will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.
FAQ
What insider transaction did Lafayette Digital Acquisition Corp. I (ZKPU) report?
The report shows Lafayette Digital Sponsor I, LLC purchased 435,000 private units, each consisting of one Class A ordinary share and one-fourth of one redeemable warrant, as an indirect holding reported by Chief Executive Officer Samuel A. Jernigan IV.
How much did the Lafayette Digital sponsor pay for the private units?
The sponsor bought the 435,000 private units at $10.00 per unit, for a stated aggregate purchase price of $4,350,000 under a Private Units Purchase Agreement dated January 8, 2026.
What do the private units of Lafayette Digital Acquisition Corp. I (ZKPU) consist of?
Each private unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, so 435,000 private units correspond to 435,000 Class A shares and 108,750 redeemable warrants.
What are the terms of the warrants reported in the Lafayette Digital (ZKPU) Form 4?
Each whole warrant entitles the holder to purchase one Class A ordinary share at $11.50 per share, subject to adjustment. The warrants become exercisable 30 days after completion of the initial business combination and expire five years after that business combination or earlier upon redemption or liquidation.
Who holds the reported Lafayette Digital Acquisition Corp. I (ZKPU) securities?
The 435,000 private units and related 108,750 warrants are held by Lafayette Digital Sponsor I, LLC, the company’s sponsor. Samuel A. Jernigan IV is the managing member of an entity that manages the sponsor and reports the holdings indirectly while disclaiming beneficial ownership beyond any pecuniary interest.
What roles does Samuel A. Jernigan IV have at Lafayette Digital Acquisition Corp. I (ZKPU)?
Samuel A. Jernigan IV is reported as a director, a 10% owner, and an officer serving as Chief Executive Officer of Lafayette Digital Acquisition Corp. I.