Meteora Capital reveals 9.80% RDAG stake in Schedule 13G/A filing (RDAG)
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member, Vik Mittal, report beneficial ownership of Class A common stock of Republic Digital Acquisition Co. Through funds and managed accounts they advise, they beneficially own 2,941,298 shares, representing 9.80% of the Class A common stock.
The Reporting Persons have shared voting and dispositive power over all 2,941,298 shares and no sole voting or dispositive power. The filing states it should not be construed as an admission that either Reporting Person is the beneficial owner of these shares for purposes of Section 13 of the Exchange Act.
Positive
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Negative
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Key Figures
Shares beneficially owned: 2,941,298 shares
Percent of class: 9.80%
Shared voting power: 2,941,298 shares
+3 more
6 metrics
Shares beneficially owned
2,941,298 shares
Class A common stock of Republic Digital Acquisition Co reported by Meteora Capital and Vik Mittal
Percent of class
9.80%
Percentage of RDAG Class A common stock beneficially owned
Shared voting power
2,941,298 shares
Shares over which the Reporting Persons have shared power to vote or direct the vote
Shared dispositive power
2,941,298 shares
Shares over which the Reporting Persons have shared power to dispose or direct disposition
Sole voting power
0 shares
Shares with sole power to vote or direct the vote
Sole dispositive power
0 shares
Shares with sole power to dispose or direct disposition
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G/A, +1 more
5 terms
beneficial owner regulatory
"not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
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/A regulatory
"Meteora Capital, LLC 2 | 4 | Citizenship or Place of Organization DELAWARE"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
percent of class financial
"Percent of class: 9.80 %"
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
What percentage of Republic Digital Acquisition Co (RDAG) does Meteora Capital report owning?
Meteora Capital and Vik Mittal report beneficial ownership of 9.80% of Republic Digital Acquisition Co’s Class A common stock, representing 2,941,298 shares held through funds and managed accounts they advise.
Who are the Reporting Persons in the RDAG Schedule 13G/A filing?
The Reporting Persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member. They report holdings in RDAG through certain funds and managed accounts referred to as the Meteora Funds.
What disclaimer about beneficial ownership is included in the RDAG Schedule 13G/A?
The Reporting Persons state that filing the Schedule 13G/A should not be construed as an admission that any of them is the beneficial owner of the reported RDAG Common Stock for purposes of Section 13 of the Exchange Act.
Where are Meteora Capital and RDAG’s principal offices located?
Meteora Capital’s principal business office is at 1200 N Federal Hwy, #200, Boca Raton, FL 33432. RDAG’s principal executive offices are at 149 5th Avenue, New York, NY 10010, as disclosed in the Schedule 13G/A.
AI-generated analysis. How Rhea-AI works. Not financial advice.