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Harraden Group Reports 2.56M-Share Passive Position in Republic Digital (RDAGU)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Harraden Circle and affiliated entities report beneficial ownership of 2,560,581 Class A shares of Republic Digital Acquisition Company, representing 8.54% of the class. The disclosed holdings are held with shared voting and shared dispositive power and there is no sole voting or dispositive power reported.

The ownership is attributed to four pooled vehicles: Harraden Circle Investors, LP (1,225,223 shares, 4.08%), Harraden Circle Special Opportunities, LP (738,579 shares, 2.46%), Harraden Circle Strategic Investments, LP (527,895 shares, 1.76%), and Harraden Circle Concentrated, LP (68,884 shares, 0.23%). The filing identifies Harraden adviser and related GP/LLC entities and Frederick V. Fortmiller, Jr. as managing member; the reporting persons certify the securities are not held to change or influence control.

Positive

  • Material disclosure: Reporting persons declare beneficial ownership of 2,560,581 shares (8.54%), a reportable position above the 5% threshold
  • Clear attribution: Filing identifies the funds, GP/LLC/adviser structure and the managing member, improving transparency for investors

Negative

  • None.

Insights

TL;DR: A single investment group discloses a material passive stake of 8.54% in RDAGU, concentrated across four funds.

The filing confirms 2,560,581 shares (8.54%) held with shared voting and dispositive power and no sole authority. The position is split across four pooled funds with specific allocations, showing a diversified internal allocation rather than a single concentrated vehicle controlling votes. The certification indicates the holdings are reported as passive, which limits immediate governance implications but marks the Harraden group as a significant holder that could attract market attention.

TL;DR: Disclosure shows material ownership by an affiliated group but explicitly asserts no intent to change control.

The report names the investment manager, GP and managing member relationships that create indirect beneficial ownership attribution. Shared voting/dispositive power over 2,560,581 shares is disclosed while sole powers are reported as zero, and the signatory certifies the securities were not acquired to influence control. From a governance perspective, this is a material passive stake that requires monitoring but, per the filing, does not represent an asserted control effort.






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





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





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SCHEDULE 13G





SCHEDULE 13G



Harraden Circle Investments, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:08/14/2025
Harraden Circle Investors GP, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner
Date:08/14/2025
Harraden Circle Investors GP, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:08/14/2025
Harraden Circle Investors, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Harraden Circle Special Opportunities, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Harraden Circle Strategic Investments, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025
Frederick V. Fortmiller, Jr.
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr.
Date:08/14/2025
Harraden Circle Concentrated, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:08/14/2025

FAQ

How many RDAGU shares does Harraden Circle report owning?

The reporting persons disclose beneficial ownership of 2,560,581 shares, representing 8.54% of the Class A common stock.

Does Harraden Circle have sole voting or dispositive power over the RDAGU shares?

No; the filing reports 0 shares with sole voting or dispositive power and 2,560,581 shares with shared voting and dispositive power.

Which Harraden funds hold RDAGU shares and what are their holdings?

Holdings are allocated as follows: Harraden Circle Investors, LP 1,225,223 shares (4.08%); Special Opportunities, LP 738,579 shares (2.46%); Strategic Investments, LP 527,895 shares (1.76%); Concentrated, LP 68,884 shares (0.23%).

Does the filing state the shares were acquired to influence control of RDAGU?

No; the certification states the securities were not acquired and are not held for the purpose of changing or influencing control.

Who is identified as the managing member for the reporting persons?

The filing identifies Frederick V. Fortmiller, Jr. as the managing member of the relevant Harraden entities.
Republic Digital Acquisition

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