JATT Ventures II L.P. 4
4 · JATT II Acquisition Corp. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
JATT II Sponsor Forfeits 225,000 Shares
What Happened
JATT Ventures II L.P. (the Sponsor and a 10% owner) forfeited 225,000 ordinary shares of JATT II Acquisition Corp. on 2026-06-06. The shares were returned to the issuer at $0.00 in connection with the expiration of the remaining portion of the underwriters' over‑allotment option; no cash changed hands.
Key Details
- Transaction date: 2026-06-06. Transaction reported on Form 4 filed 2026-06-30.
- Transaction type/code: Other disposition (J) — forfeiture to issuer.
- Shares forfeited: 225,000 ordinary shares; price per share: $0.00; total proceeds: $0.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — forfeiture occurred due to expiration of the underwriters' over‑allotment option per the Registration Statement. F2 — Sponsor is record holder; JATT Ventures II L.P.'s Sponsor is the sole general partner; Dr. Someit Sidhu has voting/investment discretion for the Sponsor but disclaims beneficial ownership except for any pecuniary interest.
- Filing timeliness: Form 4 was filed 24 days after the transaction date, which appears late compared with the usual two-business‑day reporting expectation for insider reports.
Context
This was a technical forfeiture tied to the SPAC underwriting/over‑allotment process, not an open‑market sale by an executive. For retail investors, such forfeitures are administrative and do not necessarily signal the Sponsor's market view. As a 10% owner and Sponsor entity action, it should be interpreted differently than an individual insider's cash sale.
Insider Transaction Report
- Other
Ordinary Shares
[F1][F2]2026-06-06−225,000→ 1,800,000 total
Footnotes (2)
- [F1]225,000 Ordinary Shares were forfeited to the Issuer by JATT Ventures II L.P. (the "Sponsor") at no cost, in connection with the expiration of the remaining portion of the underwriters' over-allotment option as described in the Registration Statement.
- [F2]The Sponsor is the record holder of the securities reported herein. The Sponsor is the sole general partner of JATT Ventures II L.P., and Dr. Someit Sidhu is a limited partner of the Sponsor. 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 the Sponsor. Dr. Someit Sidhu disclaims any beneficial ownership of the securities held by the Sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.