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Mudrick Group reports ownership stakes in FuboTV (NASDAQ: FUBO)

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

FuboTV Inc. Schedule 13G/A: the Mudrick reporting group jointly amends its prior filing and discloses current beneficial ownership positions in Class A common stock.

As of March 31, 2026, Mudrick Capital Management L.P., Mudrick Capital Management, LLC and Jason Mudrick each report beneficial ownership of 1,684,826 shares (representing 5.4% of the class). A cover-page disclosure references 1,412,359 shares (shared voting/dispositive power) representing 4.76% based on 29,686,926 shares outstanding, which incorporates 251,329 shares issuable upon conversion of convertible senior secured notes referenced in the issuer's 10-Q.

Positive

  • None.

Negative

  • None.

Insights

Joint filing clarifies group ownership and voting/dispositive allocations.

The filing shows the Mudrick entities are filing jointly and discloses shared voting and dispositive power across multiple affiliated funds and GP entities. It specifies beneficial ownership amounts as of March 31, 2026 and references an adjusted percentage based on convertible-note conversion mechanics cited in the issuer's 10-Q.

The operative facts to track are the disclosed share counts and the inclusion of 251,329 issuable shares under the Notes; subsequent filings will show whether conversion events change percentages or control dynamics.

Positions are quantified and below control thresholds commonly used in activism analysis.

The largest reported position by the Mudrick group is 1,684,826 shares (5.4% as of March 31, 2026). The cover page cites a slightly smaller shared holding of 1,412,359 shares (4.76%) based on a different outstanding share base that incorporates potential conversion of the Notes.

These figures describe the group's visible economic and voting exposure; any material change would require an updated filing reflecting conversions, purchases, or sales.

Mudrick shares (Mar 31, 2026) 1,684,826 shares Beneficial ownership reported as of March 31, 2026
Percent of class (Mar 31, 2026) 5.4% Percentage based on filings as of March 31, 2026
Shared holding (cover page) 1,412,359 shares Shared voting/dispositive power referenced on cover page
Percent of class (cover page) 4.76% Percentage based on 29,686,926 outstanding shares referenced on cover page
Outstanding shares basis 29,686,926 shares Outstanding shares used to calculate cover-page percentages (includes April 30, 2026 base)
Shares issuable on conversion 251,329 shares Shares issuable upon conversion of convertible senior secured notes
Beneficial ownership regulatory
"Amount beneficially owned: See Cover Page Item 9 for each Reporting Person"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Shared dispositive power regulatory
"Shared Dispositive Power 1,412,359.00"
Convertible senior secured notes financial
"251,329 shares of Class A Common Stock issuable upon conversion of the Notes"
A convertible senior secured note is a loan that a company issues which is backed by specific assets and gets paid before other debts if the company fails, while also giving lenders the option to convert the loan into the company’s shares. For investors this matters because the security and senior status reduce credit risk like a mortgage on a house, but the conversion feature can dilute existing shareholders and tie returns to the stock’s future performance.
Section 14.03 legal
"as determined in accordance with the Section 14.03 of the applicable indenture"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake does Mudrick report in FuboTV (FUBO)?

Mudrick reports beneficial ownership of 1,684,826 shares (5.4%) as of March 31, 2026. The cover page also lists 1,412,359 shares (4.76%) based on a different outstanding-share calculation that includes convertible-note issuances.

Why do two different share counts appear in the filing for FUBO?

The filing lists positions as of March 31, 2026 and a cover-page calculation using 29,686,926 outstanding shares that includes 251,329 shares issuable upon conversion of Notes, producing a 4.76% figure for certain reported shared holdings.

Does the filing show sole voting control by Mudrick over FUBO shares?

No. The filing reports 0 shares of sole voting power and discloses shared voting and dispositive power for the Mudrick entities on the cover page and in Item 4, indicating joint control among affiliated accounts and entities.

Are convertible notes affecting Mudrick’s percentage in FUBO?

Yes. The cover-page percentages are calculated after including 251,329 shares issuable upon conversion of convertible senior secured notes beneficially owned by the reporting person, as described with reference to the applicable indenture.

Which Mudrick entities filed this amendment on FUBO?

The joint filing lists multiple Reporting Persons including Mudrick Capital Management L.P., Mudrick Capital Management, LLC, Jason Mudrick, several Mudrick funds and GP entities, each identified in Item 2(a) and Item 4 of the filing.





35953D401

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such shares and percentage are based on 29,686,926 shares of Class A common stock, par value $0.0001 per share (the "Class A Common Stock") outstanding, which includes 29,435,597 shares of Class A Common Stock outstanding as of April 30, 2026, as reported in the Quarterly Report on Form 10-Q filed by the issuer on May 6, 2026 (the "Outstanding Shares") and 251,329 shares of Class A Common Stock issuable upon conversion of convertible senior secured notes (the "Notes") beneficially owned by the reporting person, including taking into account additional shares upon conversion as determined in accordance with the Section 14.03 of the applicable indenture of the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on 29,686,926 shares of Class A Common Stock outstanding, which includes the Outstanding Shares and 251,329 shares of Class A Common Stock issuable upon conversion of the Notes beneficially owned by the reporting person, including taking into account additional shares upon conversion as determined in accordance with the Section 14.03 of the applicable indenture of the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on 29,686,926 shares of Class A Common Stock outstanding, which includes the Outstanding Shares and 251,329 shares of Class A Common Stock issuable upon conversion of the Notes beneficially owned by the reporting person, including taking into account additional shares upon conversion as determined in accordance with the Section 14.03 of the applicable indenture of the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on 29,686,926 shares of Class A Common Stock outstanding, which includes the Outstanding Shares and 251,329 shares of Class A Common Stock issuable upon conversion of the Notes directly held by the reporting person, including taking into account additional shares upon conversion as determined in accordance with the Section 14.03 of the applicable indenture of the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on 29,686,926 shares of Class A Common Stock outstanding, which includes the Outstanding Shares and 251,329 shares of Class A Common Stock issuable upon conversion of the Notes beneficially owned by the reporting person, including taking into account additional shares upon conversion as determined in accordance with the Section 14.03 of the applicable indenture of the issuer.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Rows 6, 8, 9 and 11, see Item 4. For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G




Comment for Type of Reporting Person: For Row 11, such percentage is calculated based on the Outstanding Shares.


SCHEDULE 13G



Mudrick Capital Management L.P.
Signature:By: Mudrick Capital Management, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Capital Management, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Jason Mudrick
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity Fund Global, L.P.
Signature:By: Mudrick GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity Drawdown Fund II, L.P.
Signature:By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.
Signature:By: Mudrick Distressed Opportunity Drawdown Fund II GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity Drawdown Fund II GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P.
Signature:By: Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity SIF Master Fund, L.P.
Signature:By: Mudrick Distressed Opportunity SIF GP, LLC, its general partner, /s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026
Mudrick Distressed Opportunity SIF GP, LLC
Signature:/s/ Jason Mudrick
Name/Title:Jason Mudrick, Sole Member
Date:05/14/2026