Harraden Circle (PLUN) reports 0% beneficial ownership in exit Schedule 13G/A
Rhea-AI Filing Summary
Plutonian Acquisition Corp. II received an amended Schedule 13G indicating that Harraden Circle Investments, LLC and its managing member, Frederick V. Fortmiller, Jr., now report beneficial ownership of 0 Class A shares, representing 0% of the class.
The change follows an internal reorganization effective June 30, 2026, after which these reporting persons ceased to be beneficial owners of more than five percent of the Class A common stock. This amendment is characterized as an exit filing for the reporting persons.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 0
Percent of class owned: 0%
Effective date of internal reorganization: 06/30/2026
3 metrics
Beneficially owned shares
0
Class A common stock beneficially owned by the reporting persons
Percent of class owned
0%
Percentage of outstanding Class A common stock beneficially owned
Effective date of internal reorganization
06/30/2026
Internal reorganization after which the reporting persons ceased to be beneficial owners over 5%
Key Terms
beneficial owner, dispositive power, Sole Voting Power, exit filing
4 terms
beneficial owner regulatory
"have ceased to be the beneficial owners of more than five percent"
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.
dispositive power regulatory
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Sole Voting Power regulatory
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"
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.
exit filing regulatory
"This Amendment constitutes an exit filing for the Reporting Persons."
FAQ
What did Harraden Circle Investments disclose in the PLUN Schedule 13G/A Amendment No. 1?
Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. reported that they now beneficially own 0 Class A shares of Plutonian Acquisition Corp. II, representing 0% of the outstanding Class A common stock, and this amendment serves as an exit filing.
Does Harraden Circle Investments still own more than 5% of Plutonian Acquisition Corp. II (PLUN) Class A shares?
No. The reporting persons state they beneficially own 0 Class A shares, or 0% of the class. They indicate they have ceased to be beneficial owners of more than five percent of the Class A common stock after an internal reorganization effective June 30, 2026.
Who are the reporting persons named in the PLUN Schedule 13G/A Amendment No. 1?
The amendment is filed on behalf of Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr.. Harraden serves as investment manager to several Harraden Circle funds, and Mr. Fortmiller is its managing member, but both now report zero beneficial ownership of Class A shares.
What funds were associated with the Plutonian Acquisition Corp. II (PLUN) holdings?
The shares referenced were held for accounts of Harraden Circle Investors, LP, Harraden Circle Special Opportunities, LP, Harraden Circle Strategic Investments, LP, and Harraden Circle Concentrated, LP. Certain of these funds have the right to receive dividends or sale proceeds from the securities reported.
Why is the PLUN Schedule 13G/A described as an exit filing for Harraden Circle?
It is described as an exit filing because the reporting persons disclose they have ceased to be beneficial owners of more than five percent of Plutonian Acquisition Corp. II’s Class A common stock, and now report 0 shares and 0% beneficial ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.