Sidhu Someit 4

What Happened

• Sidhu Someit, listed as CEO, is associated with the acquisition of 300,000 ordinary shares on April 20, 2026 through a private placement. The shares were purchased by the issuer's sponsor, JATT Ventures II L.P., pursuant to a Private Placement Shares Purchase Agreement dated April 16, 2026. The filing shows no per‑share price or total dollar value (price listed as N/A). This transaction is a purchase (acquisition) rather than a sale.

Key Details

• Transaction date: 2026-04-20; Form 4 filed: 2026-04-21 (appears timely).
• Transaction type: Private placement purchase (code P); price: N/A (not disclosed).
• Shares acquired: 300,000 ordinary shares reported as held of record by JATT Ventures II L.P.
• Shares owned after transaction: Not specified for the insider personally; record holder is JATT Ventures II L.P.
• Footnotes: (F1) Shares purchased by the sponsor under the April 16, 2026 purchase agreement. (F2) Up to 225,000 of these shares may be subject to forfeiture depending on the underwriter’s over‑allotment option; JATT Ventures II L.P. is the record holder, JATT Ventures II Ltd is the GP, and Dr. Someit Sidhu (same individual) is a limited partner and controls voting/investment decisions for the LP but disclaims beneficial ownership except to the extent of any pecuniary interest.

Context

• These were sponsor private placement shares common in SPAC transactions and are held in the sponsor entity rather than shown as direct individual ownership. Because the purchase price is not disclosed and some shares may be forfeitable based on IPO over‑allotment, no firm market value can be calculated from the filing. The filing attributes control of the sponsor’s holdings to Dr. Someit Sidhu but includes a disclaimer of direct beneficial ownership beyond any pecuniary interest.