Harraden Reports 6.55% Stake in Starry Sea (500,000 Shares)
Harraden Circle entities and Frederick V. Fortmiller, Jr. filed a Schedule 13G reporting collective ownership of 500,000 Class A common shares of Starry Sea Acquisition Corp (CUSIP G8559L104), representing 6.55% of the class.
Rhea-AI Filing Summary
Harraden Circle entities and Frederick V. Fortmiller, Jr. filed a Schedule 13G reporting collective ownership of 500,000 Class A common shares of Starry Sea Acquisition Corp (CUSIP G8559L104), representing 6.55% of the class. The filing shows shared voting and dispositive power over the 500,000 shares and no sole voting or dispositive power. The disclosure explains the ownership chain: Harraden funds hold the shares; Harraden GP and Harraden Adviser (both Delaware entities) and Mr. Fortmiller (U.S. citizen) may be deemed to beneficially own the reported shares indirectly.
Positive
- Material disclosure of a >5% position (500,000 shares, 6.55%) providing transparency to investors
- Clear ownership chain showing direct holders and entities (GP/adviser) that may be deemed indirect beneficial owners
- Certification of passive intent stating the shares are not held to influence control
Negative
- None.
Insights
TL;DR: A Harraden-affiliated group reports a >5% passive stake (6.55%) in Starry Sea, signalling a material minority position without sole control.
The Schedule 13G indicates a non-control disclosure of 500,000 Class A shares (6.55%). Voting and dispositive powers are reported as shared, consistent with passive investor status under Rule 13d-1(b). This is material for ownership tables and may affect float and potential activist interest analysis, but the filing includes a certification that the stake is not held to influence control. No changes in holdings, purchase prices, or plans are disclosed.
TL;DR: The disclosure clarifies indirect beneficial ownership through GP/adviser entities, with shared control and a certification of non-control intent.
The filing maps the governance chain: Harraden Fund entities directly own the shares while Harraden GP, Harraden LLC, Harraden Adviser and Mr. Fortmiller may be deemed indirect beneficial owners. Shared voting/dispositive power is explicitly reported and the signatory certified the position is not intended to change control. This is a standard, transparent 13G disclosure for a >5% passive position; no governance actions or agreements are attached.
FAQ
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Who signed the Schedule 13G on behalf of the Harraden entities?
Is this filing indicating an intent to change or influence control of Starry Sea?
AI-generated analysis. How Rhea-AI works. Not financial advice.