Glazer Capital and Paul Glazer Disclose 333,999 Shares (6.76%) in BUJA
Rhea-AI Filing Summary
Glazer Capital, LLC and its Managing Member Paul J. Glazer filed Amendment No. 2 to a Schedule 13G reporting beneficial ownership of 333,999 ordinary shares of Bukit Jalil Global Acquisition 1 Ltd., equal to 6.76% of the class. The filing shows shared voting and shared dispositive power for 333,999 shares and zero sole voting or dispositive power. The issuer’s principal executive offices are listed in Kuala Lumpur.
The statement certifies the shares were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Glazer Capital is organized in Delaware; Mr. Glazer is a United States citizen. The event date on the filing is 06/30/2025 and the signatures are dated 08/14/2025.
Positive
- Material ownership disclosed: 333,999 shares representing 6.76% of the class, a reportable stake above the 5% threshold
Negative
- No sole voting or dispositive power: the Reporting Persons state 0 shares of sole power, indicating they do not control the issuer
Insights
TL;DR: A passive, above-5% stake disclosed; no indication of control intent but position is material to holders.
The reporting persons disclose ownership of 333,999 shares (6.76%), with all authority recorded as shared voting and dispositive power. Because this is a Schedule 13G filing with a certification that the holdings are in the ordinary course and not intended to influence control, the market implication is informational rather than a signal of a control contest. Investors should note the size of the stake is material relative to the float, but the filing contains no agreements or arrangements disclosed that would change governance or operational control.
TL;DR: Disclosure shows significant minority ownership but explicitly states no intent to change control.
The filing identifies Glazer Capital (a Delaware LLC) and Paul J. Glazer as reporting persons and records 0 shares of sole voting/dispositive power and 333,999 shares of shared power. The explicit certification that the securities were not acquired to influence control is important: it classifies the position as passive under the applicable rules. From a governance perspective, the report provides clarity on voting exposure without revealing any proposed initiatives, nominees, or coordination that would trigger a Schedule 13D-type scrutiny.