[SCHEDULE 13G] Enigmatig Limited SEC Filing
Schedule 13G disclosure by Tay Chee Yang reports beneficial ownership of 1,625,000 Class A ordinary shares of Enigmatig Limited, representing 5.8% of the company on an as-converted basis. The holder reports sole voting and sole dispositive power over these shares, meaning they alone can vote and dispose of the reported Class A shares.
The percentage is calculated using a denominator of 28,005,200 shares on an as-converted basis, composed of 12,255,200 Class A and 15,750,000 Class B ordinary shares. The filing restates the company’s share class structure: Class A carries one vote per share, Class B carries ten votes and is convertible into Class A at the holder’s option.
- Disclosed material stake: Reporting person holds 1,625,000 Class A shares, representing 5.8% on an as-converted basis, meeting SEC transparency expectations
- Sole voting and dispositive power: The reporting person reports exclusive control over voting and disposition of the reported Class A shares
- None.
Insights
TL;DR: Disclosure shows a meaningful minority stake with sole control over voting and disposition of 1.625M Class A shares.
The filing documents a 1,625,000-share position, equal to 5.8% on an as-converted basis, and confirms sole voting and dispositive power. For investors, a >5% holding requires transparency and may signal concentrated ownership but does not by itself indicate change in control due to dual-class voting. The report also clarifies the capital structure: Class B shares carry 10 votes each and are convertible into Class A, which affects control metrics if conversions occur.
TL;DR: Ownership disclosure is material for governance analysis but shows no shared control or group affiliation.
The filer asserts sole authority over both voting and disposition for the 1,625,000 Class A shares and checks no group affiliation, indicating individual ownership rather than coordinated action. The dual-class structure described—Class A one vote, Class B ten votes, and Class B convertible into Class A—matters for assessing voting power versus economic ownership; however, the filing provides no indication of intent to seek board representation or other governance changes.