ISRLW Schedule 13G: 138,228 Shares Reported, Includes Warrants
Rhea-AI Filing Summary
Israel Acquisitions Corp disclosed that two affiliated broker-dealers, G1 Execution Services, LLC and Susquehanna Securities, LLC, report a combined beneficial ownership of 138,228 Class A ordinary shares, representing 8.2% of the outstanding class. The filing specifies that 128,190 of the reported shares are issuable upon exercise of warrants, and that the company had 1,560,432 shares outstanding per its most recent quarterly report. The parties note both sole and shared voting and dispositive powers across the reported holdings.
The reporting persons are identified as broker-dealers (type BD, OO) and state the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing also records that the reporting persons are affiliated and may be deemed a group, while disclaiming ownership of shares held directly by the other reporting person.
Positive
- Material passive stake disclosed: 138,228 shares, representing 8.2% of the class
- Large warrant component: 128,190 shares are issuable upon exercise of warrants, identifying potential future dilution
- Filers certify ordinary-course holdings: statement that securities were not acquired to influence control
Negative
- None.
Insights
TL;DR: A combined broker-dealer group reports an 8.2% passive stake, mostly driven by warrants rather than fully issued shares.
The filing shows 138,228 total shares beneficially owned with 128,190 shares issuable on exercise of warrants, meaning the majority of reported economic exposure arises from derivative instruments rather than fully issued stock. The report is filed under passive provisions and classifies the filers as broker-dealers, with certifications that holdings are in the ordinary course of business and not intended to influence control. For investors, the key takeaway is a material passive exposure (above 5%) that may affect float and potential future dilution if warrants are exercised.
TL;DR: Ownership is disclosed as passive and ordinary-course; filers explicitly disclaim control intentions despite affiliation.
The disclosure clarifies governance implications: the reporting persons may be affiliated and "deemed a group" for reporting but explicitly disclaim beneficial ownership of shares held directly by the other. Item 10 certification states the positions were not acquired to influence control. Voting and dispositive power are allocated between sole and shared categories in the cover rows, indicating operational distinctions in authority over the positions. This filing signals transparency but does not indicate active governance engagement.