Meteora Capital (TDAC) discloses 919,000-share beneficial stake in SPAC
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of 919,000 shares of Translational Development Acquisition Corp. Class A Common Stock, representing 6.27 % of the class. All reported shares are held by funds and managed accounts for which Meteora Capital acts as investment manager, with no sole voting or dispositive power and shared voting and dispositive power over all 919,000 shares. The reporting persons state that the filing does not constitute an admission that they are beneficial owners of these shares for purposes of Section 13.
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Key Figures
Shares beneficially owned: 919,000 shares
Percent of class: 6.27 %
Sole voting power: 0 shares
+2 more
5 metrics
Shares beneficially owned
919,000 shares
Class A Common Stock reported by Meteora Capital and Vik Mittal
Percent of class
6.27 %
Percentage of TDAC Class A Common Stock outstanding
Sole voting power
0 shares
Shares of TDAC over which reporting persons have sole voting power
Shared voting power
919,000 shares
Shares of TDAC over which reporting persons have shared voting power
Shared dispositive power
919,000 shares
Shares of TDAC over which reporting persons share dispositive power
Key Terms
beneficial owner, shared voting power, dispositive power, percent of class
4 terms
beneficial owner regulatory
"admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
dispositive power regulatory
"Shared Dispositive Power 919,000.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
percent of class financial
"Percent of class: 6.27 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
FAQ
What stake in TDAC does Meteora Capital report on this Schedule 13G?
Meteora Capital reports beneficial ownership of 919,000 shares of Translational Development Acquisition Corp. (TDAC) Class A Common Stock, representing 6.27 % of the outstanding class, held through funds and managed accounts it advises.
Who are the reporting persons on the TDAC Schedule 13G?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, with respect to TDAC shares held by certain Meteora-managed funds and accounts.
Where are the reporting persons for TDAC’s Schedule 13G based?
The principal business office for the TDAC Schedule 13G reporting persons is listed as 1200 N Federal Hwy, #200, Boca Raton, FL 33432, and Meteora Capital is organized in Delaware.
What type of TDAC security is covered by Meteora Capital’s Schedule 13G?
The filing covers Class A Common Stock of Translational Development Acquisition Corp. (TDAC), identified by CUSIP G9008W105, held through funds and managed accounts advised by Meteora Capital.
AI-generated analysis. How Rhea-AI works. Not financial advice.