MMCAP reports 5.2% stake in Republic Digital

Republic Digital Acquisition Co received an amended Schedule 13G showing that institutional investors MMCAP International Inc. SPC and Asset Management Inc. together report beneficial ownership of 1,565,000 Class A ordinary shares, or 5.2% of the class.

Rhea-AI Filing Summary

Republic Digital Acquisition Co received an amended Schedule 13G showing that institutional investors MMCAP International Inc. SPC and Asset Management Inc. together report beneficial ownership of 1,565,000 Class A ordinary shares, or 5.2% of the class.

The filing states they have shared voting and dispositive power over all 1,565,000 shares, with no sole power. They also certify the shares were not acquired to change or influence control of Republic Digital Acquisition Co, indicating a passive investment stance.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Republic Digital Acquisition Co (RDAG) disclose in this Schedule 13G/A?

The Schedule 13G/A reports that MMCAP International Inc. SPC and Asset Management Inc. beneficially own 1,565,000 Class A ordinary shares of Republic Digital Acquisition Co, representing 5.2% of the outstanding class, and are filing as passive investors.

How many RDAG shares do MMCAP International and Asset Management Inc. own?

They report beneficial ownership of 1,565,000 Class A ordinary shares of Republic Digital Acquisition Co. This stake represents 5.2% of the company’s Class A shares, giving them a significant but minority holding in the SPAC’s equity structure.

What percentage of Republic Digital Acquisition Co does the 1,565,000-share stake represent?

The filing states the 1,565,000 Class A ordinary shares equal 5.2% of the class. This percentage reflects their beneficial ownership position relative to the total outstanding Class A shares of Republic Digital Acquisition Co as of the reported date.

Do the reporting persons have voting and dispositive power over RDAG shares?

Yes. The investors report shared voting power and shared dispositive power over all 1,565,000 Republic Digital Acquisition Co Class A shares, with no sole voting or dispositive authority, meaning decisions are made jointly regarding these securities.

Are MMCAP International and Asset Management Inc. seeking control of RDAG with this stake?

No. They certify the securities were not acquired and are not held for the purpose of changing or influencing control of Republic Digital Acquisition Co, indicating a passive investment approach under the Schedule 13G framework.

Who are the reporting persons in the RDAG Schedule 13G/A filing?

The reporting persons are MMCAP International Inc. SPC, organized in the Cayman Islands, and Asset Management Inc., organized in Ontario, Canada. Both jointly report their 5.2% beneficial ownership of Republic Digital Acquisition Co’s Class A ordinary shares.

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Accepted by SEC EDGAR 02/13/2026 - 10:18 AM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Republic Digital Acquisition Co

(Name of Issuer)

Class A Ordinary Shares, par value $0.0001

(Title of Class of Securities)

G7515A103

(CUSIP Number)

12/31/2025

(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)

SCHEDULE 13G

CUSIP No. G7515A103

1

Names of Reporting Persons

MMCAP International Inc. SPC

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,565,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,565,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,565,000.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. G7515A103

1

Names of Reporting Persons

MM Asset Management Inc.

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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,565,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,565,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,565,000.00

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)

5.2 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Republic Digital Acquisition Co
(b)	Address of issuer's principal executive offices: 18 West 18th Street, New York, NY 10010
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Class A Ordinary Shares, par value $0.0001
(e)	CUSIP No.: G7515A103
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: 1,565,000
(b)	Percent of class: 5.2%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,565,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,565,000
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.
	Not Applicable
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 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.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	02/12/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	02/12/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement