Meteora Capital Files 13G Amendment for Hasbro, Confirms No Ownership
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal submitted Amendment No. 1 to a Schedule 13G/A relating to Hasbro's Class A common stock to correct an administrative error in the original filing that had been submitted under the wrong issuer name and CIK.
The amendment states the Reporting Persons do not beneficially own any shares of the reported class and disclose 0 shares (0%), with no sole or shared voting or dispositive power. The statement includes a certification that any securities referred to would be held in the ordinary course of business.
Positive
- Amendment corrects an administrative error, clarifying the record
- Reporting Persons confirm no beneficial ownership, stating 0 shares (0%) and no voting or dispositive power
Negative
- Original Schedule was inadvertently submitted under the wrong issuer name and CIK, requiring this amendment
Insights
TL;DR: Neutral disclosure; amendment fixes a filing error and confirms the reporting parties hold 0 shares (0%), so no ownership impact on Hasbro.
The filing corrects an administrative misfiling and explicitly reports zero beneficial ownership and zero voting or dispositive power. From a market-impact perspective, this disclosure does not change Hasbro's shareholder composition or suggest activist involvement. Financial metrics or material transactions are not reported.
TL;DR: Procedural correction reduces ambiguity; the amendment clarifies no stake but highlights an earlier misfiling that required correction.
The amendment remedies an administrative error in the original Schedule and confirms the Reporting Persons lack any beneficial ownership, voting, or dispositive authority over the class. The filing includes the required certification about ordinary-course holdings. The disclosure is procedural and does not present material governance or control changes.