Schedule 13G/A: Meteora Capital Reports 4.90% Position in DT Cloud
Rhea-AI Filing Summary
Schedule 13G/A disclosure: Meteora Capital, LLC and Vik Mittal report beneficial ownership of 141,755 Class A ordinary shares of DT Cloud Acquisition Corp, representing 4.90% of the class. The reported position is held by funds and managed accounts for which Meteora Capital serves as investment manager (the "Meteora Funds"). The filing shows shared voting and shared dispositive power for all 141,755 shares and indicates no sole voting or dispositive power.
The statement includes a certification 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 the issuer, consistent with a passive investor filing under Schedule 13G/A.
Positive
- None.
Negative
- None.
Insights
TL;DR: A passive 4.90% stake disclosed by an investment manager, likely a disclosure rather than an active control move.
Meteora Capital reports ownership of 141,755 shares (4.90%) with shared voting and dispositive power only, held on behalf of funds and managed accounts. The filer certifies ordinary-course holdings and no intent to influence control, which aligns with Schedule 13G/A treatment for passive institutional holders. For market impact, sub-5% stakes typically do not trigger control concerns, though disclosure may prompt attention from other shareholders.
TL;DR: Disclosure signals a material passive ownership position but not a control-seeking action.
The report names Meteora Capital as investment manager and Vik Mittal as managing member and records shared voting/dispositive authority for the full position. Absence of sole voting/dispositive power and the ordinary-course certification indicate the filer is positioning as a passive investor under Rule 13d-1(b). This filing creates transparency around potential voting blocs but does not itself indicate governance changes.