Meteora Capital exits AIR Global PLC (AIIR), reports 0% beneficial ownership
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report that they no longer beneficially own any Class A common stock of AIR Global PLC. The amendment to their Schedule 13G states beneficial ownership of 0 shares, representing 0% of the class, with no sole or shared voting or dispositive power.
The filing notes that Meteora Capital acted as investment manager for certain funds and managed accounts that previously held the shares, and that the reporting persons do not admit being beneficial owners for Section 13 purposes.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 0 shares
Percent of class owned: 0%
Sole voting power: 0 shares
+3 more
6 metrics
Shares beneficially owned
0 shares
Class A common stock of AIR Global PLC reported in Schedule 13G/A
Percent of class owned
0%
Percent of AIR Global PLC Class A common stock reported as beneficially owned
Sole voting power
0 shares
Shares over which the reporting persons have sole power to vote
Shared voting power
0 shares
Shares over which the reporting persons have shared power to vote
Sole dispositive power
0 shares
Shares over which the reporting persons have sole power to dispose
Shared dispositive power
0 shares
Shares over which the reporting persons have shared power to dispose
Key Terms
beneficial owner, Sole Voting Power, Shared Dispositive Power, Percent of class, +1 more
5 terms
beneficial owner regulatory
"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Sole Voting Power regulatory
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Percent of class financial
"Item 4. | Ownership (a) | Amount beneficially owned: 0 (b) | Percent of class: 0 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Ownership of 5 Percent or Less of a Class regulatory
"Item 5. | Ownership of 5 Percent or Less of a Class."
FAQ
What does AIR Global PLC (AIIR) disclose about Meteora Capital's current ownership?
Meteora Capital, LLC and Vik Mittal report 0 shares of AIR Global PLC Class A common stock, representing 0% of the outstanding class, and no sole or shared voting or dispositive power over any shares.
Who are the reporting persons in this AIR Global PLC (AIIR) Schedule 13G/A?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, in connection with shares previously held by certain funds and managed accounts advised by Meteora Capital.
How much of AIR Global PLC (AIIR) does Meteora Capital state it owns as a percentage?
The Schedule 13G/A states that Meteora Capital and Vik Mittal beneficially own 0% of AIR Global PLC’s Class A common stock, confirming ownership of five percent or less of the class.
Where are Meteora Capital and AIR Global PLC based according to the filing for AIIR?
Meteora Capital’s principal business office is at 1200 N Federal Hwy, #200, Boca Raton, FL 33432, while AIR Global PLC’s principal executive offices are at Festival Office Tower, Dubai Festival City, 7th Floor, Office 700, Dubai (DIFC).
AI-generated analysis. How Rhea-AI works. Not financial advice.