Amended 13G: Mizuho Discloses 246,367 Shares (9.0%) in Evergreen
Rhea-AI Filing Summary
Mizuho Financial Group reports an amended Schedule 13G showing a 246,367-share holding in Evergreen Corporation common shares, representing 9.0% of the class as of the triggering event date. The filing states Mizuho has sole voting and dispositive power over all 246,367 shares, indicating direct control over how those shares are voted and sold.
The disclosure notes that certain Mizuho entities may be deemed indirect beneficial owners because the shares are directly held by a wholly-owned securities subsidiary. The filer certifies the position is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material disclosure: Mizuho reports a significant 9.0% stake (246,367 shares), exceeding the 5% reporting threshold
- Clear voting control: Filing states sole voting and dispositive power for all 246,367 shares, clarifying decision rights over the position
Negative
- None.
Insights
TL;DR: Mizuho holds a meaningful 9.0% stake (246,367 shares) in Evergreen; position disclosed as passive under Schedule 13G.
The 9.0% ownership crosses the common 5% reporting threshold and is therefore material from a disclosure standpoint. Mizuho reports sole voting and dispositive power for the full stake, which gives it operational control over voting and disposition of these shares even though the filer states the stake is held in the ordinary course of business and not to influence control. The filing also clarifies potential indirect ownership through related entities, which is relevant for assessing consolidated influence. As a Schedule 13G amendment, this is a passive disclosure rather than an active control intent.
TL;DR: 9.0% ownership is governance-relevant but explicitly presented as non-control; monitor related-entity attribution.
The disclosure of 246,367 shares (9.0%) is significant enough to attract investor attention and could affect shareholder dynamics, particularly in contested votes or major corporate actions. The filer’s certification that the holdings are not intended to change control is important, but the statement that other Mizuho entities may be deemed indirect beneficial owners requires scrutiny when mapping voting influence across the group. No allegations of activist intent or agreements with other holders are disclosed here.