Meteora boosts Roman DBDR (DRDB) stake to 8.6% in 13G/A filing
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal filed an amended Schedule 13G disclosing a sizeable passive stake in Roman DBDR Acquisition Corp. II Class A common stock. They report beneficial ownership of 1,983,186 shares, representing 8.6225% of the outstanding Class A shares.
The filing states Meteora Capital holds these shares through certain funds and managed accounts it oversees, with shared voting and dispositive power over the entire position and no sole voting or dispositive power. The reporters certify the stake is held in the ordinary course of business and not for the purpose of changing or influencing control of the company.
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FAQ
What does Meteora Capital’s Schedule 13G/A reveal about DRDB ownership?
The Schedule 13G/A shows Meteora Capital and managing member Vik Mittal beneficially own 1,983,186 Class A shares of Roman DBDR Acquisition Corp. II, representing 8.6225% of the class, held through funds and managed accounts they oversee in a passive, non-control-seeking capacity.
How large is Meteora Capital’s stake in Roman DBDR Acquisition Corp. II (DRDB)?
Meteora Capital reports beneficial ownership of 1,983,186 Class A common shares of Roman DBDR Acquisition Corp. II. This position equals 8.6225% of the outstanding Class A shares, giving Meteora a significant but minority stake with shared voting and dispositive power over the shares.
Is Meteora Capital’s DRDB position intended to influence control of the company?
The filing states the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control. Meteora Capital also certifies the holdings are not connected with transactions aimed at control, other than activities solely tied to director nomination rules.
Who are the reporting persons in the DRDB Schedule 13G/A filing?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its managing member. They report beneficial ownership of Roman DBDR Acquisition Corp. II Class A common stock held through certain funds and managed accounts for which Meteora Capital acts as investment manager.
Why did Meteora Capital file an amended Schedule 13G for DRDB?
An amended Schedule 13G updates Meteora Capital’s beneficial ownership information for Roman DBDR Acquisition Corp. II. This amendment discloses that Meteora and Vik Mittal beneficially own 1,983,186 Class A shares, or 8.6225% of the class, under a passive investment status certification.