JATT Ventures II L.P. 4
4 · JATT II Acquisition Corp. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
JATT II Sponsor JATT Ventures II L.P. Buys 300,000 Private Shares
What Happened
JATT Ventures II L.P., the sponsor and a reported 10% owner of JATT II Acquisition Corp. (JATT), purchased 300,000 ordinary shares in a private placement on 2026-04-20 pursuant to a Private Placement Shares Purchase Agreement dated April 16, 2026. The filing lists the transaction as a purchase (code P). No per-share price or total dollar value is disclosed in the Form 4.
Key Details
- Transaction date: 2026-04-20; Filing date: 2026-04-21 (Form 4 accession 0001213900-26-046289).
- Transaction type: Private placement purchase (code P). Price: N/A; Value: N/A.
- Shares reported: 300,000 private-placement shares (JATT Ventures II L.P. is the record holder).
- Forfeiture clause: Includes up to 225,000 ordinary shares that may be forfeited depending on exercise of the IPO underwriter’s over‑allotment option.
- Ownership/control: JATT Ventures II Ltd is the general partner of the LP; Dr. Someit Sidhu is a limited partner and sole member of the GP and has voting/investment discretion but disclaims beneficial ownership except for any pecuniary interest.
- Timeliness: Filing appears timely (reported the day after the transaction); no late filing flag indicated.
Context
This is an institutional/sponsor private placement related to the issuer’s offering mechanics rather than a personal executive trade. Such sponsor purchases are common in SPAC/IPOs to support the company’s capital structure and underwriting arrangements. Because the price/value are not disclosed and up to 225,000 shares are subject to forfeiture tied to the underwriter’s over-allotment option, the economic exposure from this filing is partly contingent on IPO outcomes.
Insider Transaction Report
- Purchase
Ordinary Shares
[F1][F2]2026-04-20+300,000→ 2,025,000 total
Footnotes (2)
- [F1]Reflects the 300,000 private placement shares purchased by JATT Ventures II L.P., the Issuer's sponsor, pursuant to the Private Placement Shares Purchase Agreement dated April 16, 2026 entered into with the Issuer.
- [F2]Including up to 225,000 Ordinary Shares subject to forfeiture depending on the extent to which the Issuer's underwriter' over-allotment option was exercised during the Issuer's initial public offering. JATT Ventures II L.P. is the record holder of the securities reported herein. JATT Ventures II Ltd is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of JATT Ventures II L.P.. Dr. Someit Sidhu is also the sole member of JATT Ventures II Ltd. Dr. Someit Sidhu has voting and investment discretion with respect to the ordinary shares held of record by JATT Ventures II L.P. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by JATT Ventures II L.P. other than to the extent of any pecuniary interest he may have therein, directly or indirectly.