Meteora Capital holds 1.33M OTGA shares (OTGA) — 5.58% stake
Rhea-AI Filing Summary
OTG Acquisition Corp. I amendment reports that Meteora Capital, LLC and Vik Mittal beneficially own 1,327,477 shares of Class A common stock, representing 5.5835% of the class. The filing attributes shared voting and dispositive power over those shares to the Reporting Persons.
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Insights
Large passive stake disclosed with shared control.
The filing lists 1,327,477 shares and a 5.5835% ownership stake held by funds managed by Meteora Capital, with shared voting and dispositive power. This indicates an institutional position reported under Schedule 13G/A.
Timing and trading intent are not stated in the excerpt; subsequent filings would show changes in percentage or voting arrangements.
Shared authority suggests coordinated decision-making.
The statement attributes shared voting power and shared dispositive power for 1,327,477 shares, which signals that control is exercised collectively across the Meteora Funds rather than by a single sole holder.
Investors may note the identity of the Reporting Persons and any future amendments that change voting or ownership percentages.