MMCAP/MM Asset report 1.5M Units for Meridian3 (MIACU)
Rhea-AI Filing Summary
Meridian3 Industrials Acquisition Corp reports a passive investor disclosure by two affiliated holders reporting 1,500,000 Units each as shared beneficial ownership. The joint Schedule 13G filing states MMCAP International Inc. SPC and MM Asset Management Inc. together report 1,500,000 Units (7.5% of the class) beneficially owned, with shared voting and dispositive power reported. The filing cites 20,125,000 outstanding Units as the class basis for the percentage.
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Key Figures
Reported beneficial ownership: 1,500,000 Units
Percent of class: 7.5%
Shares outstanding (basis): 20,125,000 Units
+2 more
5 metrics
Reported beneficial ownership
1,500,000 Units
Amount beneficially owned by each reporting holder
Percent of class
7.5%
Percent based on 20,125,000 outstanding Units
Shares outstanding (basis)
20,125,000 Units
Outstanding Units cited in related 8-K referenced in the filing
CUSIP
G6029D124
Identifier for the Units of Class A Ordinary Shares and Warrants
Shared voting power
1,500,000 votes
Shared power to vote reported by each filer
Key Terms
Schedule 13G, Units, beneficially owned, shared dispositive power
4 terms
Schedule 13G regulatory
"Joint passive ownership report filed under Section 13"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Units financial
"Units of Class A Ordinary Shares, par $0.0001, and Redeemable Warrants"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
beneficially owned regulatory
"Amount beneficially owned: 1,500,000 (b) Percent of class: 7.5%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Schedule 13G filed for MIACU disclose?
It discloses a joint passive ownership report by MMCAP International Inc. SPC and MM Asset Management Inc., each reporting 1,500,000 Units representing 7.5% of the class based on 20,125,000 outstanding Units cited in the filing.
Who are the reporting holders in the MIACU 13G filing?
The filing names MMCAP International Inc. SPC (Cayman Islands) and MM Asset Management Inc. (Ontario, Canada) as joint filers, with addresses included for Mourant Governance Services (Cayman) and a Toronto office address.
How much voting and dispositive power do the filers report for MIACU?
Each filer reports 0 sole power and 1,500,000 shared voting power and 1,500,000 shared dispositive power over the reported Units, per the Schedule 13G disclosure.
What class and CUSIP are covered in the MIACU Schedule 13G?
The filing covers the issuer's Units of Class A Ordinary Shares, par $0.0001, and Redeemable Warrants with CUSIP G6029D124, as stated in the Schedule 13G cover information.