Phosphine binding breaks the hydroxo-bridged dimer into mononuclear Rh-OH units. Hydroxide/boronic-acid association forms a Rh-O-B linkage; transfer of the aryl group from boron to rhodium, with Rh-O bond cleavage, gives the Rh-aryl initiator. This is transmetalation, with rhodium remaining formally Rh(I).
Writing and , the balanced net activation isThe stoichiometric byproduct is boric acid, . Each monomeric Rh(I) product is a 16-electron complex: Rh(I), four electrons from COD, two from phosphine and two from the aryl X ligand. Temporary phosphine dissociation makes room for alkyne binding during propagation.
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