Amanat Sponsor Holdings LLC disclosed beneficial ownership of 24.7% of Amanat Acquisition Corp.'s Class A ordinary shares, assuming conversion of its founder shares. The Schedule 13D was filed on Jun. 11, 2026, following the SPAC’s IPO on May 20, 2026 and a concurrent private placement. The position includes 2,156,250 Class B founder shares that convert into Class A at the business combination and 300,000 Class A shares bought in the private placement.
Investor Intent
Amanat Sponsor Holdings LLC says it holds the stake for investment and backs the SPAC’s deal process. Under a letter agreement, the sponsor agreed to "vote their shares in favor of any proposed initial business combination" and to "not to redeem any shares in connection with a shareholder vote" on that deal.
The sponsor’s founder shares are locked up until at least 180 days after the business combination, and the private placement shares are locked up for 30 days post-close. Dr. Sandeep Kulkarni, who manages the sponsor and serves as Chairman and a director of Amanat Acquisition Corp., will continue regular engagement with the board as the SPAC pursues a merger.
Investor's Background
Amanat Sponsor Holdings LLC is a Delaware limited liability company that serves as the sponsor of Amanat Acquisition Corp., a special purpose acquisition company. As a SPAC sponsor, it typically acquires founder shares at a nominal price and purchases additional shares in a private placement to fund the IPO. The sponsor is managed by Dr. Sandeep Kulkarni, a U.S. citizen who chairs Amanat Acquisition Corp.’s board.
Original SEC Filing:
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