Meteora Capital (OTGA) reports 308,544 OTG Acquisition Class A shares on 13G/A
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report their beneficial ownership of Class A common stock of OTG Acquisition Corp. I on an amended Schedule 13G. The reporting persons collectively have beneficial ownership over 308,544 shares of Class A common stock, representing 1.30% of the class.
All 308,544 shares are reported with shared voting power and shared dispositive power; there is no sole voting or dispositive power over any shares. The filing states this represents ownership of 5 percent or less of the company’s Class A common stock.
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Key Figures
Beneficially owned shares: 308,544 shares
Ownership percentage: 1.30%
Sole voting power: 0 shares
+3 more
6 metrics
Beneficially owned shares
308,544 shares
Class A common stock beneficially owned by the reporting persons
Ownership percentage
1.30%
Percent of OTG Acquisition Corp. I Class A common stock
Sole voting power
0 shares
Shares over which the reporting persons have sole power to vote
Shared voting power
308,544 shares
Shares over which the reporting persons have shared power to vote
Sole dispositive power
0 shares
Shares over which the reporting persons have sole power to dispose
Shared dispositive power
308,544 shares
Shares over which the reporting persons have shared power to dispose
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G, +1 more
5 terms
beneficial owner financial
"the beneficial owner of the Common Stock reported herein"
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.
Schedule 13G regulatory
"for the purposes of Section 13 of the Act, the beneficial owner"
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.
percent of class financial
"Percent of class: 1.30 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
Who are the reporting persons on this OTGA Schedule 13G/A filing?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, reporting with respect to shares held by certain funds and managed accounts known as the Meteora Funds.
What does the Schedule 13G/A say about Meteora’s ownership relative to 5% of OTGA?
The filing confirms the reporting persons’ holdings represent 5 percent or less of OTG Acquisition Corp. I’s Class A common stock, with a specifically disclosed ownership percentage of 1.30% of the outstanding class.
Where is Meteora Capital’s principal business office for this OTGA filing?
The principal business office for each reporting person is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432, which is the address associated with Meteora Capital and Vik Mittal in this ownership disclosure.
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