Meteora Capital discloses 6.98% Graf Global stake in 13G filing (TONT)
Rhea-AI Filing Summary
Meteora Capital, LLC and Vik Mittal report a significant ownership position in Graf Global Corp. They report beneficial ownership of 988,660 shares of Class A Common Stock, representing 6.98% of the class. All voting and dispositive authority over these shares is reported as shared, with no sole voting or dispositive power.
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Key Figures
Shares beneficially owned: 988,660 shares
Percent of class: 6.98 %
Sole voting power: 0
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6 metrics
Shares beneficially owned
988,660 shares
Class A Common Stock beneficially owned by the reporting persons
Percent of class
6.98 %
Percentage of Graf Global Corp. Class A Common Stock
Sole voting power
0
Shares with sole power to vote or direct the vote
Shared voting power
988,660
Shares with shared power to vote or direct the vote
Sole dispositive power
0
Shares with sole power to dispose or direct disposition
Shared dispositive power
988,660
Shares with shared power to dispose or direct disposition
Key Terms
beneficial owner, shared voting power, shared dispositive power, Schedule 13G
4 terms
beneficial owner financial
"the beneficial owner of the Common Stock reported herein"
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.
Schedule 13G regulatory
"for the purposes of Section 13 of the Act"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What percentage of Graf Global Corp. (TONT) does Meteora Capital report owning?
Meteora Capital and Vik Mittal report beneficial ownership of 6.98% of Graf Global Corp.'s Class A Common Stock, based on 988,660 shares held through funds and managed accounts for which Meteora Capital serves as investment manager.
Who are the reporting persons in this Graf Global Corp. (TONT) Schedule 13G?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member. They report on shares held by certain funds and managed accounts referred to as the “Meteora Funds.”
Where are Meteora Capital and Graf Global Corp. based in this 13G?
Graf Global Corp.’s principal executive offices are at 1790 Hughes Landing Boulevard, Suite 400, The Woodlands, TX 77380. The reporting persons’ principal business office is at 1200 N Federal Hwy, #200, Boca Raton, FL 33432.
AI-generated analysis. How Rhea-AI works. Not financial advice.