Meteora Capital discloses 5.3579% NWAX stake in New America Acquisition I Corp (NWAX)
Rhea-AI Filing Summary
Meteora Capital, LLC filed a Schedule 13G reporting beneficial ownership of 1,998,502 shares of New America Acquisition I Corp. Class A common stock, representing 5.3579% of the class as of the December 31, 2025 event date.
The shares are held by funds and managed accounts for which Meteora Capital serves as investment manager, with shared voting and dispositive power and no sole power. Vik Mittal, the managing member of Meteora Capital, is also a reporting person. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
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FAQ
What stake did Meteora Capital report in New America Acquisition I Corp (NWAX)?
Meteora Capital reported beneficial ownership of 1,998,502 Class A shares of New America Acquisition I Corp, equal to 5.3579% of that class. This ownership is reported on a Schedule 13G, indicating a passive investment held in the ordinary course of business.
Who are the reporting persons in the New America Acquisition I Corp (NWAX) Schedule 13G?
The Schedule 13G lists Meteora Capital, LLC and Vik Mittal as reporting persons. Meteora Capital is investment manager to the funds holding the shares, and Mittal is its managing member, with both disclaiming being beneficial owners for certain legal purposes.
What does the Schedule 13G say about Meteora Capital’s intent regarding control of NWAX?
The certification explains the securities were acquired and are held in the ordinary course of business. It further states they were not acquired and are not held for the purpose of changing or influencing control of New America Acquisition I Corp.
When did the ownership level triggering the Schedule 13G for NWAX occur?
The document lists December 31, 2025 as the date of the event requiring the filing. That date marks when Meteora Capital’s beneficial ownership in New America Acquisition I Corp’s Class A common stock reached the level that triggered Schedule 13G reporting.
Where are the principal business offices of New America Acquisition I Corp and Meteora Capital?
New America Acquisition I Corp’s principal executive offices are at 590 Madison Avenue, New York, NY 10022. The principal business office for Meteora Capital and Vik Mittal is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432.