Bengochea SPAC Sponsors I LLC - 29 Dec 2023 Form 4 Insider Report for Iron Horse Acquisitions Corp. (IROH)

Role
10%+ Owner
Signature
Signed by Chief Executive Officer of Bengochea SPAC Sponsors I LLC /s/ Jose A. Bengochea
Issuer symbol
IROH
Transactions as of
29 Dec 2023
Net transactions value
$0
Form type
4
Filing time
25 Feb 2025, 20:27:12 UTC
Previous filing
25 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IROH Common stock, par value $0.0001 per share Other -32,200 -1.6% 1,932,000 12 Feb 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IROH Warrants to purchase shares of common stock Purchase +2,457,000 2,457,000 29 Dec 2023 Common stock, par value $0.0001 per share 2,457,000 $11.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 12, 2024, Bengochea SPAC Sponsors I LLC, the Issuer's sponsor (the "Sponsor") forfeited 32,300 shares of common stock because the Issuer's over-allotment option was only partially exercised by the underwriters, and the remainder of the over-allotment option expired.
F2 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.
F3 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.