December 29, 2023 · Form 4 insider transaction
Bengochea SPAC Sponsors I LLC bought 2,457,000 shares of IROH, a transaction worth N/A. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 424 days after the transaction.
The Sponsor purchased 2,457,000 warrants in a private placement consummated simultaneously with the closing of the IPO at a price of $1.00 per warrant. Each warrant is exercisable to purchase one share of common stock at an exercise price of $11.50. Each warrant will become exercisable 30 days after the completion of an initial business combination and will expire on the fifth anniversary of the completion of an initial business combination, or earlier upon redemption or liquidation.; Mr. Jose A. Bengochea has voting and dispositive power over the securities held of record by the Sponsor. Mr. Jose A. Bengochea disclaims any beneficial ownership of the securities held by the Sponsor, except to the extent of his pecuniary interest therein.