STOCK TITAN

Gold Royalty Corp. (NYSE: GROY) investor discloses 14.4% stake in 33.3M shares

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Gold Royalty Corp. has a new ownership report from Tether Global Investments Fund, Tether International and Giancarlo Devasini. They collectively report beneficial ownership of 33,300,000 Common Shares, representing 14.4% of the outstanding Common Shares, based on 230,809,201 shares outstanding as of June 2, 2026.

The 33,300,000 Common Shares are held by Tether International, a controlled subsidiary of Tether Global Investments Fund. Devasini holds a greater than 50% voting interest in the fund and disclaims beneficial ownership of these shares except to the extent of any pecuniary interest. Each reporting person has shared voting and dispositive power over the reported shares.

Positive

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Negative

  • None.
Beneficial ownership 33,300,000 Common Shares Aggregate Gold Royalty Corp. Common Shares beneficially owned by the reporting persons
Ownership percentage 14.4 % Percent of Gold Royalty Corp. Common Shares class beneficially owned
Shares outstanding baseline 230,809,201 Common Shares Gold Royalty Corp. Common Shares outstanding on June 2, 2026 used to calculate ownership
Date of event 07/28/2026 Date of event requiring the updated beneficial ownership report
beneficially own regulatory
"The Reporting Persons beneficially own an aggregate of 33,300,000 Common Shares"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared dispositive power regulatory
"Shared Dispositive Power 33,300,000.00"
Registration Statement on Form F-3 regulatory
"Common Shares outstanding on June 2, 2026, as reported in the Issuer's Registration Statement on Form F-3"
A registration statement on Form F-3 is a streamlined filing used by eligible foreign companies to register securities for sale in the U.S., often as a “shelf” that lets them offer shares quickly when market conditions are right. For investors it matters because it signals that the company can raise capital on short notice—potentially increasing liquidity but also the risk of share dilution if new stock is issued—similar to a company keeping a pre-approved credit line ready to use.
joint statement per Rule 13d-1(k) regulatory
"Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k)"

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

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FAQ

How many Gold Royalty Corp. (GROY) shares does the Tether group report owning?

The reporting persons state they beneficially own 33,300,000 Common Shares of Gold Royalty Corp., representing 14.4% of the company’s outstanding Common Shares, based on 230,809,201 shares outstanding as of June 2, 2026.

Who are the reporting persons in this Gold Royalty Corp. (GROY) ownership disclosure?

The report lists Tether Global Investments Fund, S.I.C.A.F., S.A., its subsidiary Tether International, S.A. de C.V., both organized in El Salvador, and Giancarlo Devasini, an Italian citizen, as the joint reporting persons.

How was the 14.4% ownership in Gold Royalty Corp. (GROY) calculated?

The 14.4% figure is based on beneficial ownership of 33,300,000 Common Shares divided by 230,809,201 Common Shares outstanding on June 2, 2026, as reported in Gold Royalty Corp.’s Registration Statement on Form F-3 filed June 3, 2026.

Who actually holds the Gold Royalty Corp. (GROY) shares and who controls them?

The 33,300,000 Common Shares are held by Tether International, S.A. de C.V., a controlled subsidiary of Tether Global Investments Fund. Each reporting person has voting and dispositive power over these shares, which are reported on a shared basis.

What does Giancarlo Devasini disclose about his interest in Gold Royalty Corp. (GROY)?

Giancarlo Devasini reports shared voting and dispositive power over 33,300,000 Gold Royalty Corp. shares through Tether International and the fund, where he has over 50% voting interest, but he disclaims beneficial ownership except for any pecuniary interest.

What type of power do the reporting persons have over Gold Royalty Corp. (GROY) shares?

Each reporting person has shared voting power and shared dispositive power over the 33,300,000 Common Shares reported. None reports sole voting or sole dispositive power; all authority over these shares is characterized as shared.





38071H106

(CUSIP Number)
Tether Global Investments Fund
Final Av. La Revolucion, Edif. Centro, Corporativo Presidente Plaza, Nivel 12
San Salvador, H3, 00000
4420 4621 1793


Daniel Woodard
McDermott Will & Schulte LLP, One Vanderbilt Avenue
New York, NY, 10017
(212) 547-5400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/28/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Note in relation to Items 8, 10 and 11: Includes 33,300,000 common shares, no par value ("Common Shares") of Gold Royalty Corp. held by Tether International, S.A. de C.V., a controlled subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. Note in relation to Item 13: This percentage is calculated based upon 230,809,201 Common Shares outstanding on June 2, 2026, as reported in the Issuer's Registration Statement on Form F-3 filed with the Securities and Exchange Commission on June 3, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note in relation to Item 13: This percentage is calculated based upon 230,809,201 Common Shares outstanding on June 2, 2026, as reported in the Issuer's Registration Statement on Form F-3 filed with the Securities and Exchange Commission on June 3, 2026.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note in relation to Items 8, 10 and 11: Includes 33,300,000 Common Shares held by Tether International, S.A. de C.V., a controlled subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. Mr. Devasini has a greater than 50% voting interest in Tether Global Investments Fund, S.I.C.A.F., S.A. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest. Note in relation to Item 13: This percentage is calculated based upon 230,809,201 Common Shares outstanding on June 2, 2026, as reported in the Issuer's Registration Statement on Form F-3 filed with the Securities and Exchange Commission on June 3, 2026.


SCHEDULE 13D


Tether Global Investments Fund, S.I.C.A.F., S.A.
Signature:/s/ Omar Rossi
Name/Title:Omar Rossi, Sole Administrator
Date:07/30/2026
Tether International, S.A. de C.V.
Signature:/s/ Giancarlo Devasini
Name/Title:Giancarlo Devasini, Sole Administrator
Date:07/30/2026
Giancarlo Devasini
Signature:/s/ Giancarlo Devasini
Name/Title:Giancarlo Devasini, individually
Date:07/30/2026