Charlton Aria Acquisition Corp (CHAR): M&A transaction — Sponsor of Charlton Aria SPAC sold; control passes to Valley Point / Chen Siak Chan

Charlton Aria Acquisition Corp

Sunny Tan Kah Wei sold 100% of sponsor ST Sponsor II to Sovereign Global Trust LLC for $4M cash, closed May 13, 2025.
Valley Point Limited (sole member/manager of Buyer) now holds sole voting/investment discretion over sponsor's ~89.6% of Class B ordinary shares.
Chen Siak Chan (Singapore) indirectly controls sponsor via Valley Point; board composition unchanged.
Filing notes potential CFIUS limitations may restrict ability to complete a U.S. business combination, narrowing target pool.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Charlton Aria Acquisition Corp underwent a change of control involving Sovereign Global Trust LLC for $4,000,000 (closed 2025-05-13).

Action: change of control
Counterparty: Sovereign Global Trust LLC
Consideration: $4,000,000
Closing: 2025-05-13

Exact text from the filing

Sale SPA, Mr. Wei sold all of his shares in Sponsor, representing a 100% interest therein, to Buyer, and Buyer became the sole shareholder of Sponsor. The purchase price was $4,000,000 consisting of funds held by Buyer for investment purposes, paid in cash at closing, plus customary transaction costs. This transaction is referred to below as the “Sponsor

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Source: SEC EDGAR

accession 0001213900-25-045388

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