BlackRock reports 9% stake in Credo shares
Rhea-AI Filing Summary
BlackRock, Inc. has filed an amended Schedule 13G reporting its beneficial ownership of common stock of Credo Technology Group Holding Ltd. BlackRock reports beneficial ownership of 16,281,934 Credo common shares, representing 9.0% of the class as of the event date. It reports sole voting power over 15,662,866 shares and sole dispositive power over 16,281,934 shares, with no shared voting or dispositive power.
The filing explains that various underlying clients and investors have the right to receive dividends or sale proceeds from these shares, but no single person has an interest in more than five percent of Credo’s outstanding common shares. BlackRock states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Credo.
Positive
- None.
Negative
- None.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Credo (CRDO) common stock does BlackRock beneficially own?
Is any single underlying investor reported to hold more than 5% of Credo (CRDO) through BlackRock?
Who signed the Schedule 13G/A filed for BlackRock’s Credo (CRDO) holdings?
AI-generated analysis. How Rhea-AI works. Not financial advice.