Space Summit discloses 6.4% stake in Southern Cross
Space Summit Capital LLC filed a Schedule 13G reporting a passive ownership stake in Southern Cross Acquisition I Corp. Units.
Rhea-AI Filing Summary
Space Summit Capital LLC filed a Schedule 13G reporting a passive ownership stake in Southern Cross Acquisition I Corp. Units. As of the reported date, Space Summit Capital may be deemed the beneficial owner of 640,000 Units, representing 6.4% of the total Units outstanding.
The reporting person has sole voting power and sole dispositive power over all 640,000 Units, with no shared voting or dispositive power reported. The Units are identified by CUSIP G82934129. The filing is signed by Keith Fleischmann as Managing Member of Space Summit Capital LLC.
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Key Figures
Beneficially owned Units: 640,000 Units
Ownership percentage: 6.4%
Sole voting power: 640,000 Units
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4 metrics
Beneficially owned Units
640,000 Units
Units of Southern Cross Acquisition I Corp. beneficially owned by Space Summit Capital LLC
Ownership percentage
6.4%
Percent of total Units outstanding beneficially owned by Space Summit Capital LLC
Sole voting power
640,000 Units
Units over which Space Summit Capital LLC has sole power to vote
Sole dispositive power
640,000 Units
Units over which Space Summit Capital LLC has sole power to dispose
Key Terms
Schedule 13G, beneficial owner, sole voting power, sole dispositive power
4 terms
Schedule 13G regulatory
"Space Summit Capital LLC filed a Schedule 13G reporting a passive ownership stake"
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.
beneficial owner financial
"the Reporting Person may be deemed to be the beneficial owner of 640,000 Units"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting power financial
"Sole Voting Power 640,000.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 640,000.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
What percentage of Southern Cross Acquisition I Corp. (NCO) does Space Summit Capital LLC own?
Space Summit Capital LLC reports beneficial ownership of 6.4% of Southern Cross Acquisition I Corp. Units. This stake is based on 640,000 Units that the firm may be deemed to beneficially own as of the reporting date.
How many Units of Southern Cross Acquisition I Corp. (NCO) does Space Summit Capital LLC report owning?
Space Summit Capital LLC reports beneficial ownership of 640,000 Units of Southern Cross Acquisition I Corp. It also reports having sole voting and sole dispositive power over all 640,000 of these Units, with no shared authority.
What type of SEC filing did Space Summit Capital LLC submit for NCO?
Space Summit Capital LLC submitted a Schedule 13G regarding Southern Cross Acquisition I Corp. Units. A Schedule 13G is typically used for passive ownership stakes exceeding certain thresholds, and here reflects a 6.4% beneficial interest.
Who signed the Schedule 13G for Southern Cross Acquisition I Corp. (NCO)?
The Schedule 13G was signed by Keith Fleischmann, identified as Managing Member of Space Summit Capital LLC. The signature section confirms his capacity in signing on behalf of the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.