Meridian3 Partners Sponsor LLC 4

What Happened Meridian3 Partners Sponsor LLC (the sponsor and a reported 10% owner of Meridian3 Industrials Acquisition Corp., ticker MIAC) completed several derivative transactions on 2026-07-06. The sponsor purchased 3,750,000 Private Placement Warrants at $1.00 each for $3,750,000 (acquisition). At the same time it disposed/transferred 2,381,250 Class B ordinary shares (reported at $0.01 each, total $11,906) and 750,000 of the Private Placement Warrants (at $1.00 each, total $750,000). All transactions are reported as "J" (other acquisition or disposition) and involve derivative securities (convertible Class B shares and warrants).

Key Details

• Transaction date(s): 2026-07-06; Form 4 filed 2026-07-07 (timely filing).
• Purchases: 3,750,000 Private Placement Warrants @ $1.00 = $3,750,000 (derivative acquisition).
• Dispositions/transfers: 2,381,250 Class B Shares @ $0.01 = $11,906; 750,000 Private Placement Warrants @ $1.00 = $750,000 (derivative dispositions).
• Securities involved: Class B ordinary shares (convertible one-for-one into Class A shares; no expiration) and Private Placement Warrants.
• Shares/warrants held after the transactions: Not fully detailed in the reported lines; footnotes indicate the Sponsor previously transferred certain Class B shares and warrants to sponsor team members and retains beneficial ownership of some shares pending the initial business combination.
• Notable footnotes:
  • F1: Class B shares convert one-for-one into Class A shares and will convert on the initial business combination.
  • F2/F4: Sponsor transferred an aggregate of 2,381,250 Class B Shares and 750,000 warrants to sponsor team members at IPO closing (and purchased 3,750,000 private placement warrants at $1.00).
  • F5: Jeremey Mistry and David Bulley share control over the sponsor’s managing member and may be deemed to beneficially own these securities but disclaim ownership except for any pecuniary interest.
• Transaction type code: J (other acquisition/disposition); these are derivative transactions, not open-market common stock trades.

Context These moves are typical for a SPAC sponsor reallocating convertible founder shares and private placement warrants among sponsor entities and team members while funding the sponsor’s warrant position. The $3.75M purchase of private placement warrants represents a meaningful cash commitment by the sponsor; the transfers of Class B shares and 750K warrants reflect sponsor-to-team allocations documented in prior sponsor agreements. As a 10% owner (institutional sponsor), this is institutional-level activity rather than an individual executive's open-market buy or sell.