200,000 NWAX shares bought via entity tied to New America (NWAX) director
Rhea-AI Filing Summary
New America Acquisition I Corp. director Kyle Michael Wool reported an indirect open-market-style purchase of Class A shares through an affiliated entity. On April 7, 2026, American Ventures LLC, Series XLIV DBC bought 200,000 shares of Class A common stock in a private transaction at $0.01 per share. The filing shows Wool with 1,900,000 Class A shares indirectly owned following the transaction. Footnotes state he may be deemed to beneficially own 50% of the Series XLIV DBC shares and disclaims beneficial ownership beyond any pecuniary interest.
The filing also lists New America Sponsor I LLC as record holder of 12,500,000 Class B founder shares and 600,000 private shares, with automatic one-for-one conversion of the Class B into Class A upon the initial business combination. Wool is a co‑manager of this sponsor entity with voting and investment discretion but no direct economic interest in those sponsor-held shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock | 200,000 | $0.01 | $2K |
| holding | Class B common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
| holding | Class A common stock | -- | -- | -- |
Footnotes (1)
- As described in the issuer's registration statement on Form S-1 (File No. 333-289204), the issuer issued 1,100,000 shares of Class A common stock to Dominari Securities LLC or its designees upon the closing of the issuer's initial public offering. Mr. Wool serves as the Chief Executive Officer of Dominari Securities LLC. As such, he may be deemed to have or share beneficial ownership of shares of Class A common stock held directly by Dominari Securities LLC. Mr. Wool disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. New America Sponsor I LLC is the record holder of 12,500,000 shares of Class B common stock ("founder shares") and 600,000 private shares. The founder shares will automatically convert into shares of Class A common stock concurrently with or immediately following the consummation of the initial business combination of the issuer or such earlier time at the option of the holder on a one-for-one basis, subject to adjustment. Mr. Wool is the co-manager of New America Sponsor I LLC and accordingly, Mr. Wool has the voting and investment discretion with respect to the shares of common stock held of record by New America Sponsor I LLC. Mr. Wool does not have any direct economic interest in the shares held by New America Sponsor I LLC. The reported securities are held by American Ventures LLC, Series XLIV DBC ("Series XLIV DBC"). Mr. Wool may be deemed to beneficially own 50% of the shares held by Series XLIV DBC. On April 7, 2026, Series XLIV DBC purchased 200,000 shares of Class A common stock of the issuer in a private transaction. Mr. Wool disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein.