Meteora Capital Discloses 699,746 Shares, 10.8% of Hasbro Class A
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report beneficial ownership of 699,746 shares of Hasbro Class A common stock, representing 10.80% of the class. The shares are held by funds and managed accounts for which Meteora serves as investment manager; Meteora is organized in Delaware and is classified as an investment adviser (IA).
The filing states Meteora has no sole voting or dispositive power and instead reports shared voting power and shared dispositive power over the 699,746 shares. This Schedule 13G quantifies a material minority stake in Hasbro and identifies the reporting parties and exact ownership metrics.
Positive
- Reported beneficial ownership of 699,746 shares, equal to 10.80% of Class A common stock
- Clear disclosure that the stake is held by funds and managed accounts for which Meteora acts as investment manager
- Shows shared voting and shared dispositive power, providing transparent account of control rights over the position
Negative
- None.
Insights
TL;DR Material 10.8% stake disclosed by an investment manager; the position is significant but voting and disposition are reported as shared.
Meteora Capital's reported 699,746 shares equal 10.80% of Hasbro Class A stock, a level that requires public disclosure and may affect market perceptions of ownership concentration. The filing classifies Meteora as an IA and attributes the holdings to funds and managed accounts it manages. Because the filing records shared rather than sole voting or dispositive power, the filing documents influence potential without asserting unilateral control. Overall, the disclosure is materially informative but neutral regarding intent.
TL;DR Shared voting and dispositive power over a 10.8% block signals a substantial minority position with collective influence potential.
The statement specifies that Meteora and Vik Mittal exercise shared voting and shared dispositive authority over the reported shares, with 0 shares held with sole voting or dispositive power. The ownership is held on behalf of the Meteora Funds that Meteora manages, which is relevant for understanding who ultimately directs voting decisions. The filing provides clear identification of the reporting persons and the exact ownership metrics, which is useful for governance monitoring and shareholder registers.