Chen Bihua 4
4 · Helix Acquisition Corp. III · Filed Jan 26, 2026
Research Summary
AI-generated summary of this filing
HLXC 10% Owner Bihua Chen Receives 497,500 Shares ($4.98M)
What Happened Bihua Chen (reported as Chen Bihua) and related holder Helix Holdings III LLC reported acquisitions in Helix Acquisition Corp. III (HLXC). On Jan 26, 2026 each was reported as receiving 497,500 Class A ordinary shares at $10.00 per share (value $4,975,000). On Jan 22, 2026 each was recorded as acquiring 718,750 Class B ordinary shares in a share capitalization (derivative issuance). These are inbound transfers/awards, not open-market purchases or sales.
Key Details
- Transactions reported for both Bihua Chen and Helix Holdings III LLC.
- Jan 26, 2026: Grant/award/acquisition — 497,500 Class A shares @ $10.00 each; total value $4,975,000.
- Jan 22, 2026: Other acquisition (derivative via share capitalization) — 718,750 Class B ordinary shares (no $ price; derivative issuance).
- Shares owned after transaction: not specified in this Form 4 summary.
- Notable footnotes: Helix Holdings III LLC is the record holder; Cormorant Fund VI and Cormorant Master Fund own 100% of Helix Holdings III LLC; Bihua Chen is managing member of those funds and disclaims beneficial ownership except to extent of any pecuniary interest. The Class B shares automatically convert one-for-one into Class A shares upon a qualifying business combination per the issuer’s S-1.
- Filing covers transactions dated Jan 22 and Jan 26, 2026; the Form 4 was filed Jan 26, 2026.
Context The Jan 22 action was a capitalization issuance of Class B shares (a derivative security that converts to Class A upon a business combination). The Jan 26 entry reflects an award/grant of Class A shares at $10 per share. These filings involve a 10% owner and affiliated investment vehicles (institutional/ownership structure), not a routine executive open-market trade; they are record-keeping of allocations and derivative conversions rather than market buys or sales.
Insider Transaction Report
- Award
Class A Ordinary Shares
[F1]2026-01-26$10.00/sh+497,500$4,975,000→ 497,500 total(indirect: See Footnote) - Other
Class B Ordinary Shares
[F2][F3][F1]2026-01-22+718,750→ 4,252,500 total(indirect: See Footnote)→ Class A Ordinary Shares (718,750 underlying)
Footnotes (3)
- [F1]Helix Holdings III LLC is the record holder of the securities reported herein. Cormorant Private Healthcare Fund VI, LP ("Cormorant Fund VI") and Cormorant Global Healthcare Master Fund ("Cormorant Master Fund"), LP, together own 100% of the membership interests in Helix Holdings III LLC. Bihua Chen is the managing member of each of Cormorant Fund VI and Cormorant Master Fund and has voting and investment discretion with respect to the ordinary shares held of record by Helix Holdings III LLC. Bihua Chen disclaims any beneficial ownership of the securities held by Helix Holdings III LLC other than to the extent of any pecuniary interest she may have therein, directly or indirectly.
- [F2]As described in the Issuer's registration statement on Form S-1 (File No. 333-291933) ("Registration Statement"), under the heading "Description of Securities--Founder Shares and Private Placement Shares", the terms of the Class B ordinary shares, par value $0.0001 per share, provided at issuance that they would automatically convert into Class A ordinary shares, par value $0.0001 per share, concurrently with or immediately following the consummation of the Issuer's initial business combination or earlier at the option of the holder on a one-for-one basis, subject to adjustment for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like, and certain anti-dilution rights and have no expiration date.
- [F3]On January 22, 2026, the Issuer effected a share capitalization with respect to the Class B ordinary shares, resulting in the issue and allotment of 718,750 Class B ordinary shares to Helix Holdings III LLC.