Meteora Capital Reports 427,800 Shares (10.91%) of Oak Woods OAKUU
Rhea-AI Filing Summary
Oak Woods Acquisition Corp's Schedule 13G/A reports that Meteora Capital, LLC and Vik Mittal beneficially own 427,800 Class A ordinary shares (CUSIP 67190B104), representing 10.91% of the class. The filing shows shared voting and dispositive power of 427,800 shares and no sole voting or dispositive authority. Meteora Capital files as an investment adviser holding these shares on behalf of certain funds and managed accounts; Vik Mittal is identified as the Managing Member. The statement includes a certification that the securities are held in the ordinary course of business and not for the purpose of changing control, and the amendment is signed on 08/14/2025.
Positive
- Material ownership disclosed: Meteora Capital reports 427,800 shares representing 10.91% of the Class A shares.
- Clear voting/dispositive statement: Filing specifies all power is shared and there is no sole voting or dispositive power.
- Investment adviser identification: Meteora Capital is identified as an IA managing funds and accounts; Vik Mittal is named as Managing Member.
- Certification included: Reporting persons certify the securities are held in the ordinary course of business and not to influence control.
Negative
- No sole control: The reporting persons report 0 shares of sole voting or dispositive power, indicating no unilateral control.
- Lack of acquisition detail: The filing does not disclose when the shares were acquired or provide a breakdown by underlying Meteora Funds.
- Limited disclosure on intent: Beyond the certification that holdings are ordinary-course and not for control, no further purpose or strategic intent is specified.
Insights
TL;DR A 10.91% stake by an investment adviser is material disclosure but is presented as passive, with shared voting power only.
The filing discloses a significant minority position of 427,800 shares (10.91%), which is above the 5% reporting threshold and therefore material to holders and potential investors. All voting and dispositive authority is reported as shared, with no sole control, and the reporting person classifies itself as an investment adviser managing funds and accounts. The statement also contains a certification that the holdings are in the ordinary course of business and not intended to change control. The filing does not provide a breakdown of which underlying funds hold the shares or acquisition timing, limiting transparency on concentration and intent.
TL;DR Significant minority ownership reported with shared voting power and an explicit assertion of non-control; governance impact appears limited.
The disclosure identifies Meteora Capital and Vik Mittal as reporting persons and confirms shared voting and dispositive power over 427,800 Class A shares (10.91%). Because there is no sole voting or dispositive power and the filing includes a certification that the position is not held to influence control, immediate governance changes are not indicated by this filing alone. Investors should note the clear classification as an investment adviser and the absence of additional detail on acquisitions or fund-level allocations in the filing.