Meteora Capital discloses 14.9% Dynamix Corp (DYNX) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Meteora Capital, LLC reported beneficial ownership of 2,473,400 shares of Dynamix Corp Class A common stock, representing 14.9% of the outstanding class. All voting and dispositive power over these shares is described as shared, with no sole voting or dispositive power.
The shares are held by certain funds and managed accounts for which Meteora Capital acts as investment manager, and the filing is made jointly with Vik Mittal, the firm’s managing member. The reporting persons state the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Dynamix Corp.
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FAQ
What ownership stake in Dynamix Corp (DYNX) does Meteora Capital report?
Meteora Capital reports beneficial ownership of 2,473,400 shares of Dynamix Corp Class A common stock, representing 14.9% of the class. This stake exceeds the 5% threshold that requires public disclosure on a Schedule 13G under U.S. securities regulations.
Who are the reporting persons in this Dynamix Corp (DYNX) Schedule 13G?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its managing member. Meteora Capital reports on shares held by certain funds and managed accounts it manages, and both parties are collectively referred to as the reporting persons in the filing.
Does Meteora Capital’s Dynamix Corp (DYNX) position aim to influence control of the company?
The reporting persons certify the Dynamix Corp securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control. They also state the holdings are not in connection with any control-related transaction, except certain nomination activities referenced.
How does the Schedule 13G describe Meteora Capital’s beneficial ownership of Dynamix Corp (DYNX)?
The filing states the 2,473,400 Dynamix Corp shares are held by certain funds and managed accounts advised by Meteora Capital. It notes the statement should not be construed as an admission that any reporting person is, for Section 13 purposes, the beneficial owner of all reported shares.
What securities of Dynamix Corp (DYNX) are covered in this Schedule 13G filing?
The filing covers Class A common stock of Dynamix Corp with CUSIP G2949D104. It discloses a 14.9% beneficial ownership position and specifies that Meteora Capital and Vik Mittal are the reporting persons with shared voting and dispositive power over the reported shares.