Republic Digital Acquisition Co (RDAG) reports 2.97M shares, 9.88% stake
Rhea-AI Filing Summary
Republic Digital Acquisition Co reports that Meteora Capital, LLC and Vik Mittal hold 2,966,937 shares of Class A common stock, representing 9.88% of the class. The Schedule 13G/A amendment states the position reflects shared voting and dispositive power.
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Insights
Meteora Capital reports a near-10% passive stake in Republic Digital.
The filing shows 2,966,937 shares and shared voting and dispositive power, reported as 9.88% of the Class A common stock. The Schedule 13G/A format is consistent with an investor reporting beneficial ownership under passive/institutional disclosure rules.
Key dependencies include whether holdings are passive and any future amendments that change percentage ownership; subsequent filings will disclose material changes in position.
Shared voting power may reflect pooled fund arrangements rather than sole control.
The statement attributes shared voting power of 2,966,937 to Meteora Capital and identifies Vik Mittal as Managing Member. The text explicitly disclaims admission of beneficial ownership status for Section 13 purposes.
Stakeholders may watch for Schedule 13D or Form 4 filings if ownership becomes active or control intent changes.