Aeon Acquisition Partners I LLC 4

What Happened
Aeon Acquisition Partners I LLC (the Sponsor), a 10% owner of Aeon Acquisition I Corp. (AESP), purchased securities in a private placement on June 4, 2026. The Sponsor acquired an aggregate 853,125 Class A ordinary shares (590,625 restricted Class A shares + 262,500 Class A shares included in private units) and received 262,500 private units that include warrants and rights. The combined private units and restricted shares were purchased for an aggregate $2,625,000. The filing reports two derivative acquisitions (262,500 each) representing the warrants and/or conversion rights associated with the private units.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 8, 2026 (filed 4 days after the transactions — outside the usual two-business-day window, i.e., appears late).
• Consideration: Aggregate purchase price $2,625,000; per-share/unit price not specified in the Form 4 (N/A).
• Shares owned after transaction: 853,125 Class A ordinary shares beneficially owned.
• Derivatives owned after transaction: 262,500 warrants (included in the private units) and 262,500 rights (each right converts into one-fourth of one Class A share upon an initial business combination).
• Potential additional shares if derivatives are exercised/convert: warrants could add 262,500 shares (exercise price $11.50 per whole warrant, subject to adjustment); rights convert into 65,625 shares (262,500 × 0.25). Fully diluted potential = 1,181,250 Class A shares (853,125 current + 262,500 warrants + 65,625 from rights).
• Restrictions & timing: 590,625 Class A shares are restricted until the initial business combination. Warrants become exercisable on the later of (i) 30 days after the initial business combination or (ii) June 4, 2027, and expire five years after the business combination (or earlier upon redemption/liquidation).

Context
This was a private placement by the issuer's sponsor (an institutional/affiliate transaction), not routine executive trading. Purchases by sponsors can reflect the sponsor’s planned economic stake in a SPAC; derivatives here are standard components of private units (share + warrant + conversion right). The late filing means the transaction report was submitted after the typical two-business-day deadline.