ASCBF · ASPAC II Acquisition Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company’s assessment of going concern considerations in accordance with ASC Subtopic 205-40, Presentation of Financial Statements - Going Concern, management has determined that the mandatory liquidation, should a business combination not occur, and potential subsequent dissolution, along with the need to receive additional financing, raise substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed Oct 30, 2026
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Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-07-07 | Chan Anson |
Director |
Sell↓
Filing footnotes — Warrant to purchase Class A ordinary shares (Indirect)
On July 7, 2025, Anson Chan sold his interest in A SPAC II (Holdings) Corp. to Yip Tsz Yan for $98,750.00. As of the date of this report, Anson Chan no longer holds any equity interests in A SPAC II (Holdings) Corp. and therefore no longer shares the voting or dispositive power over the Issuer's shares or warrants held by A SPAC II (Holdings) Corp. The warrants become exercisable on the later of (i) the completion of the registrant's initial business combination and (ii) May 2, 2023 (i.e., 12 months from the date of the Issuer's IPO prospectus). The warrants expire 5 years after the completion of the Issuer's initial business combination or earlier upon redemption or liquidation, as described in the Issuer's IPO prospectus filed with the SEC on May 3, 2022. |
Warrant to purchase Class A ordinary shares
(I)
|
8,966,000 |
| 2025-07-07 | Chan Anson |
Director |
Sell↓
Filing footnotes — Ordinary Shares (Indirect)
On July 7, 2025, Anson Chan sold his interest in A SPAC II (Holdings) Corp. to Yip Tsz Yan for $98,750.00. As of the date of this report, Anson Chan no longer holds any equity interests in A SPAC II (Holdings) Corp. and therefore no longer shares the voting or dispositive power over the Issuer's shares or warrants held by A SPAC II (Holdings) Corp. |
Ordinary Shares
(I)
|
5,000,000 |
| 2022-05-05 | Chan Anson |
Director |
Other↓
Filing footnotes — Ordinary Shares (Indirect)
Forfeiture of shares due to the partial exercise of the underwriters' over-allotment option. The securities reported herein are directly held by A SPAC II (Holdings) Corp. Investment and voting decisions for ASPAC II (Holdings) Corp. are made by Anson Chan. The reporting person disclaims any pecuniary interest in the securities reported herein except to the extent of the reporting person's beneficial interest in A SPAC II (Holdings) Corp. |
Ordinary Shares
(I)
|
318,750 |
| 2022-05-05 | Chan Ka Wo |
Director, 10% Owner |
Other↓
Filing footnotes — Ordinary Shares (Indirect)
Forfeiture of shares due to the partial exercise of the underwriters' over-allotment option. The securities reported herein are directly held by A SPAC II (Holdings) Corp. Investment and voting decisions for ASPAC II (Holdings) Corp. are made by Ka Wo Chan. The reporting person disclaims any pecuniary interest in the securities reported herein except to the extent of the reporting person's beneficial interest in A SPAC II (Holdings) Corp. |
Ordinary Shares
(I)
|
318,750 |
| 2022-05-05 | Chan Ka Wo |
Director, 10% Owner |
Buy↑
Filing footnotes — Warrant to purchase Class A ordinary shares (Indirect)
The warrants become exercisable on the later of (i) after the completion of the registrant's initial business combination and (ii) 12 months from the date of the registrant's prospectus. The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC. The securities reported herein are directly held by A SPAC II (Holdings) Corp. Investment and voting decisions for ASPAC II (Holdings) Corp. are made by Ka Wo Chan. The reporting person disclaims any pecuniary interest in the securities reported herein except to the extent of the reporting person's beneficial interest in A SPAC II (Holdings) Corp. |
Warrant to purchase Class A ordinary shares
(I)
|
8,966,000 |
| 2022-05-05 | Chan Anson |
Director |
Buy↑
Filing footnotes — Warrant to purchase Class A ordinary shares (Indirect)
The warrants become exercisable on the later of (i) after the completion of the registrant's initial business combination and (ii) 12 months from the date of the registrant's prospectus. The warrants expire 5 years after the completion of the registrant's initial business combination or earlier upon redemption or liquidation, as described in the registrant's prospectus filed with the SEC. The securities reported herein are directly held by A SPAC II (Holdings) Corp. Investment and voting decisions for ASPAC II (Holdings) Corp. are made by Anson Chan. The reporting person disclaims any pecuniary interest in the securities reported herein except to the extent of the reporting person's beneficial interest in A SPAC II (Holdings) Corp. |
Warrant to purchase Class A ordinary shares
(I)
|
8,966,000 |