State Street holds 5.7% of Lightbridge (LTBR) as passive stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
State Street Corporation has filed a Schedule 13G reporting a passive ownership stake in Lightbridge Corp. The firm reports beneficial ownership of 1,847,661 shares of Lightbridge common stock, representing 5.7% of the outstanding class.
State Street reports no sole voting or dispositive power, with 1,817,181 shares subject to shared voting power and 1,847,661 shares subject to shared dispositive power. The filing states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Lightbridge.
Positive
- None.
Negative
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FAQ
What stake in Lightbridge Corp (LTBR) does State Street report?
State Street Corporation reports beneficial ownership of 1,847,661 shares of Lightbridge Corp common stock, representing 5.7% of the outstanding class. This crosses the 5% threshold that requires a Schedule 13G disclosure.
Is State Street’s Lightbridge (LTBR) position reported as passive?
Yes. State Street certifies the Lightbridge shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, which is consistent with a passive institutional investment position.
Which State Street affiliates are linked to the Lightbridge (LTBR) holdings?
The filing identifies SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Trust Company as related investment adviser subsidiaries associated with the Lightbridge share ownership reported.
Why did State Street have to file a Schedule 13G for Lightbridge (LTBR)?
A Schedule 13G is required when an investor passes 5% beneficial ownership of a registered class of equity. State Street reported owning 5.7% of Lightbridge’s common stock, triggering this institutional passive ownership disclosure.