Meteora Capital Files Schedule 13G: 14.62% of Evergreen Class A
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report beneficial ownership of 400,468 Class A Ordinary Shares of Evergreen Corp, equal to 14.62% of the class. The shares are held by funds and managed accounts for which Meteora serves as investment manager, and Meteora and Mr. Mittal disclose shared voting and shared dispositive power over the reported position, with no sole voting or dispositive power. The report classifies the filer as an investment adviser (IA) and 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.
Positive
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Negative
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Insights
TL;DR: A material passive stake disclosed—14.62% ownership increases shareholder concentration and is relevant to liquidity and ownership metrics.
The filing documents a significant institutional position of 400,468 shares (14.62%) held through funds managed by an investment adviser. For investors and analysts, a holding of this size is material to equity ownership tables and could affect float and shareholder concentration metrics. The disclosure clarifies the position is managed collectively with shared voting and dispositive authority rather than held outright by a single entity.
TL;DR: Reported stake shows substantial influence potential but the filer disclaims intent to influence control and reports only shared powers.
The statement identifies Meteora Capital as the investment manager and Vik Mittal as Managing Member for the reporting funds. The filer explicitly reports no sole voting or dispositive power and certifies the position was not acquired to change control. From a governance perspective, the filing documents a large passive stake without an asserted change-in-control objective, which is relevant when assessing voting blocs and potential coordination among large holders.