[SCHEDULE 13G/A] Ribbon Acquisition Corp Unit SEC Filing
Mizuho Financial Group, Inc. reports beneficial ownership of 582,000 common shares of Ribbon Acquisition Corp (CUSIP 80099A105), representing 9.0% of the class. The filing shows Mizuho has sole voting power and sole dispositive power over the 582,000 shares and identifies the filer as a parent holding company. The statement notes that Mizuho Securities USA LLC, a wholly-owned subsidiary, directly holds the equity securities and that other Mizuho entities may be deemed indirect beneficial owners.
Item 4 breaks down the position: sole power to vote 582,000; shared vote 0; sole dispositive power 582,000; shared dispositive power 0. The Schedule 13G/A certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Material disclosure of ownership: Mizuho reports 582,000 shares (9.0%), a clearly stated, investor-relevant position.
- Sole voting and dispositive power: The filer states sole voting power and sole dispositive power over the reported shares, clarifying control over votes.
- None.
Insights
TL;DR: A sizable 9.0% passive stake is disclosed, showing material ownership but certified as non-control under Schedule 13G/A.
The filing documents 582,000 shares (9.0%) held with sole voting and dispositive power by Mizuho Financial Group. Because this disclosure is on a Schedule 13G/A and includes a certification that the position was not acquired to influence control, the filing signals a material equity position without an expressed intent to pursue control. The identification of Mizuho Securities USA LLC as the direct holder clarifies the ownership chain and regulatory classification as a parent holding company.
TL;DR: Parent holding company classification and the 13G non-control certification reduce immediate governance concerns despite the 9% stake.
The report reiterates that Mizuho has sole voting and dispositive authority over the reported shares but explicitly certifies the holdings were not acquired to change or influence control of Ribbon Acquisition Corp. The disclosure increases transparency about who can vote a meaningful block of shares and names the subsidiary that directly holds the securities, which is relevant for assessing voting outcomes and shareholder communications. The filing does not indicate any planned governance actions.