Meteora Capital discloses 7.90% stake in BHAV
BHAV Acquisition Corp reports that Meteora Capital, LLC and Vik Mittal collectively hold 844,900 shares of Class A Common Stock, representing 7.90% of the class.
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Rhea-AI Filing Summary
BHAV Acquisition Corp reports that Meteora Capital, LLC and Vik Mittal collectively hold 844,900 shares of Class A Common Stock, representing 7.90% of the class. The filing states Meteora Funds have shared voting and dispositive power over these shares.
The Schedule 13G names Meteora Capital as investment manager and Vik Mittal as Managing Member and is signed by Mr. Mittal.
Insights
Large passive stake reported by an investment manager with shared control.
The filing shows 844,900 shares held by funds managed by Meteora Capital, equal to 7.90% of BHAV Class A Common Stock. The statement attributes shared voting and shared dispositive power to the Reporting Persons.
Implications hinge on whether the position is passive under Schedule 13G rules; subsequent filings could disclose changes in intent or voting arrangements.
Filing clarifies ownership and voting arrangement, useful for shareholder registry and proxy contexts.
The Schedule 13G identifies the reporting entities, principal business address, and that the Reporting Persons share voting and dispositive power over 844,900 shares. It also includes the CUSIP G1R59W127 for precise security identification.
Any change in active intent or further acquisitions would require an amended filing under applicable rules.
Key Figures
Key Terms
Schedule 13G regulatory
Beneficially owned financial
Dispositive power regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does Meteora Capital report in BHAV (BHAV)?
Which securities are covered by this Schedule 13G for BHAV?
Who are the Reporting Persons named in the BHAV Schedule 13G?
What voting and dispositive powers are reported for the 7.90% stake in BHAV?
AI-generated analysis. How Rhea-AI works. Not financial advice.