Adage reports 7.6% stake in Leapfrog Acquisition
Adage Capital Management and principals Robert Atchinson and Phillip Gross filed a Schedule 13G disclosing a passive ownership stake in Leapfrog Acquisition Corporation.
Rhea-AI Filing Summary
Adage Capital Management and principals Robert Atchinson and Phillip Gross filed a Schedule 13G disclosing a passive ownership stake in Leapfrog Acquisition Corporation. They report beneficial ownership of 1,125,000 Class A Ordinary Shares, representing 7.58% of the class based on 14,847,500 shares outstanding. The shares are held with shared voting and dispositive power and are certified as acquired and held in the ordinary course of business, not for the purpose of changing or influencing control of the company.
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FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Leapfrog Acquisition Corporation (LFAC) does Adage report?
Adage Capital Management and its principals report beneficial ownership of 1,125,000 Class A Ordinary Shares of Leapfrog Acquisition Corporation, representing 7.58% of the outstanding class, based on 14,847,500 shares reported as outstanding after the company’s offering and related transactions.
Which investors are listed as reporting persons in the LFAC Schedule 13G?
The Schedule 13G for Leapfrog Acquisition Corporation lists Adage Capital Management, L.P., along with its managing members Robert Atchinson and Phillip Gross, as the reporting persons, reflecting their shared voting and dispositive power over the reported Class A Ordinary Shares.
Is Adage’s reported position in LFAC considered passive or activist?
The filing characterizes the position as passive. The reporting persons certify the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Leapfrog Acquisition Corporation.
How is the 7.58% ownership in LFAC calculated in the Schedule 13G?
The 7.58% ownership figure is calculated using an aggregate of 14,847,500 Class A Ordinary Shares outstanding, as reported in Leapfrog Acquisition Corporation’s prospectus and a Form 8-K, after completion of its offering, private placement, and full exercise of the underwriters’ over-allotment option.
What type of entity is Adage Capital Management in the LFAC Schedule 13G?
Adage Capital Management, L.P. is identified as a Delaware limited partnership and classified as an investment adviser (IA) in the Schedule 13G, acting as investment manager for Adage Capital Partners, L.P., which directly holds the Leapfrog Acquisition Corporation shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.