JATT Ventures II L.P. 4
Research Summary
AI-generated summary
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.