Berger Stefan 4
4 · Meridian3 Industrials Acquisition Corp · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Meridian3 (MIAC) CIO Stefan Berger Acquires Shares and Warrants
What Happened
- Stefan Berger, Chief Investment Officer of Meridian3 Industrials Acquisition Corp (MIAC), acquired 396,875 Class B ordinary shares and 125,000 private-placement warrants via transfers from the company’s sponsor. The filing reports the Class B shares (derivative) at $0.01 for a reported value of $1,984 and the private-placement warrants at $1.00 each for $125,000 (total reported value $126,984).
- These were not open-market purchases or sales but transfers from Meridian3 Partners Sponsor LLC pursuant to securities and warrant assignment agreements executed in connection with the issuer’s IPO.
Key Details
- Transaction date: 2026-07-06; Form filed: 2026-07-07 (timely).
- Reported transactions:
- 396,875 Class B Ordinary Shares (derivative) at $0.01; reported value $1,984. (Transaction code J — other acquisition/disposition.)
- 125,000 Private Placement Warrants at $1.00 each; reported value $125,000. (Transaction code J.)
- Shares/warrants owned after transaction: not specified in the filing.
- Notable footnotes:
- Class B shares convert into Class A shares on a one-for-one basis at holder’s option and will automatically convert at the issuer’s initial business combination (F1, F2).
- Each Private Placement Warrant allows purchase of one Class A share at $11.50 (subject to adjustment), becomes exercisable 30 days after a business combination, and expires five years after such combination (F3).
- The Sponsor originally bought the private placement warrants at $1.00 and transferred them to Berger at that price (F4); the Sponsor transferred the Class B shares to Berger for $0.005 per share per the assignment agreement (F2).
Context
- These are derivative/security transfers from the sponsor, not open-market buys — common in SPAC structures as sponsor economics are allocated among team members. Class B shares are simply convertible into the public Class A shares (1-for-1) and private-placement warrants will only have economic value if a business combination occurs and the holder chooses to exercise them.
- Filing appears timely (no late-report indication). The transactions reflect internal sponsor allocations rather than a public market signal.
Insider Transaction Report
Form 4
Berger Stefan
Chief Investment Officer
Transactions
- Other
Class B Ordinary Shares
[F1][F2]2026-07-06$0.01/sh+396,875$1,984→ 396,875 total→ Class A Ordinary Shares, par value $0.0001 per share (396,875 underlying) - Other
Private Placement Warrants (Right to Buy)
[F3][F4]2026-07-06$1.00/sh+125,000$125,000→ 125,000 totalExercise: $11.50→ Class A Ordinary Shares, par value $0.0001 per share (125,000 underlying)
Footnotes (4)
- [F1]The Class B Ordinary Shares, par value $0.0001 per share ("Class B Shares"), have no expiration date and are convertible into Class A Ordinary Shares, par value $0.0001 per share ("Class A Shares"), of the Issuer at any time at the option of the holder on a one-for-one basis and will otherwise automatically convert into Class A Shares at the time of the Issuer's initial business combination on a one-for-one basis.
- [F2]Pursuant to a securities assignment agreement between the Reporting Person and Meridian3 Partners Sponsor LLC (the "Sponsor"), upon the closing of the Issuer's initial public offering (the "IPO"), the Sponsor transferred 396,875 Class B Shares to the Reporting Person for a purchase price of $0.005 per share.
- [F3]Each Private Placement Warrant of the Issuer reported herein entitles the holder thereof to purchase one Class A Share at a price of $11.50 per share, subject to adjustment as described in the registration statement of the Issuer. The Private Placement Warrants will become exercisable 30 days after the completion of the Issuer's initial business combination and will expire at 5:00 p.m., New York City time, five years after the completion of the Issuer's initial business combination or earlier upon redemption or the Issuer's liquidation. Pursuant to a warrant assignment agreement between the Reporting Person and the Sponsor, upon the closing of the IPO, the Sponsor transferred 125,000 Private Placement Warrants to the Reporting Person.
- [F4]The Sponsor purchased the Private Placement Warrants at a price of $1.00 per warrant in a private placement that closed simultaneously with the closing of the IPO. The price reported reflects the per-warrant purchase price paid by the Sponsor, which is the price at which the warrants were transferred to the Reporting Person.
Signature
/s/ Berger Stefan|2026-07-07