Highbridge Capital Management, LLC, an investment adviser based in Delaware, reported beneficial ownership of 992,077 Class A Ordinary Shares of Plutonian Acquisition Corp. II. This represents 8.7% of the Class A ordinary shares outstanding, based on 11,383,837 shares reported as outstanding after the company’s offering and related transactions.
Highbridge reports sole voting and dispositive power over all 992,077 shares, which are directly held by certain funds and accounts it advises, referred to as the Highbridge Funds. The disclosure notes that this filing should not be construed as an admission that Highbridge or related persons are beneficial owners for all purposes, and that the Highbridge Funds, including Highbridge Tactical Credit Master Fund, L.P., have rights to receive dividends and sale proceeds, with one fund entitled to amounts relating to more than 5% of the outstanding Class A ordinary shares.
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Key Figures
Beneficial ownership:992,077 Class A Ordinary SharesOwnership percentage:8.7%Shares outstanding:11,383,837 Class A Ordinary Shares+2 more
5 metrics
Beneficial ownership992,077 Class A Ordinary SharesShares beneficially owned by Highbridge Capital Management, LLC
Ownership percentage8.7%Percent of Plutonian Acquisition Corp. II Class A Ordinary Shares owned by Highbridge
Shares outstanding11,383,837 Class A Ordinary SharesAggregate Class A Ordinary Shares outstanding used to calculate 8.7% ownership
Sole voting power992,077 sharesShares over which Highbridge has sole power to vote or direct the vote
Sole dispositive power992,077 sharesShares over which Highbridge has sole power to dispose or direct disposition
Key Terms
beneficial owner, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficial ownerregulatory
"beneficial owner of the securities 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.
sole voting powerregulatory
"Sole Voting Power 992,077.00"
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.
sole dispositive powerregulatory
"Sole Dispositive Power 992,077.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13Gregulatory
"This statement is filed by Highbridge Capital Management, LLC"
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.
investment adviserfinancial
"the investment adviser to certain funds and accounts"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
What percentage of Plutonian Acquisition Corp. II (PLUN) does Highbridge Capital Management report owning?
Highbridge Capital Management reports beneficial ownership of 8.7% of Plutonian Acquisition Corp. II’s Class A Ordinary Shares. This percentage is based on 11,383,837 Class A shares outstanding, as disclosed in the issuer’s prospectus and subsequent SEC reports.
How many Plutonian Acquisition Corp. II (PLUN) shares are beneficially owned by Highbridge?
Highbridge Capital Management reports beneficial ownership of 992,077 Class A Ordinary Shares of Plutonian Acquisition Corp. II. These shares are held by funds and accounts it advises, over which Highbridge has sole voting and dispositive power.
What is the total number of Plutonian Acquisition Corp. II (PLUN) Class A shares outstanding used in the 8.7% calculation?
The 8.7% ownership figure is calculated using 11,383,837 Class A Ordinary Shares outstanding. This share count reflects the completion of the offering, private placements and partial over-allotment exercise described in the issuer’s SEC filings.
Who signed the Schedule 13G for Highbridge’s stake in Plutonian Acquisition Corp. II (PLUN)?
The Schedule 13G was signed by Kirk Rule, Executive Director at Highbridge Capital Management, LLC. The signature line identifies him as signing on behalf of Highbridge as the reporting person.
Which Highbridge fund holds more than 5% of Plutonian Acquisition Corp. II (PLUN)?
The filing states that Highbridge Tactical Credit Master Fund, L.P. has the right to receive or direct the receipt of dividends or sale proceeds from more than 5% of Plutonian’s outstanding Class A Ordinary Shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Plutonian Acquisition Corp. II
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G71382108
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G71382108
1
Names of Reporting Persons
Highbridge Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
992,077.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
992,077.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
992,077.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Plutonian Acquisition Corp. II
(b)
Address of issuer's principal executive offices:
1216 Broadway, New York, NY 10001
Item 2.
(a)
Name of person filing:
This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the Class A ordinary shares, par value $0.0001 per share ("Class A Ordinary Shares"), of Plutonian Acquisition Corp. II, a Cayman Islands exempted company (the "Issuer"), directly held by the Highbridge Funds;
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017.
(c)
Citizenship:
Highbridge is a Delaware limited liability company.
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G71382108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 11,383,837 Class A Ordinary Shares outstanding, as reported in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission (the "SEC") on April 28, 2026, the Issuer's Current Report on Form 8-K filed with the SEC on May 11, 2026, and the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended May 31, 2026, filed with the SEC on July 15, 2026, after giving effect to the completion of the offering, the consummation of the simultaneous private placements and the partial exercise of the underwriters' over-allotment option, all as described therein.
(b)
Percent of class:
8.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). The Highbridge Funds have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Class A Ordinary Shares reported herein. Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of more than 5% of the outstanding Class A Ordinary Shares.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.