[SCHEDULE 13G/A] Velos Acquisition I Corp. Amended Passive Investment Disclosure
Saba Capital holds 5.51% of Velos Acquisition I
Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein report beneficial ownership of Velos Acquisition I Corp. Class A ordinary shares.
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Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein report beneficial ownership of Velos Acquisition I Corp. Class A ordinary shares. They report 1,585,000 shares with shared voting and dispositive power, representing 5.51% of the class based on 28,750,000 shares outstanding as of March 12, 2026. The shares are held for funds and accounts advised by Saba Capital, which have the right to receive dividends and sale proceeds, and the reporting persons have entered into a Joint Filing Agreement.
Key Figures
Shares beneficially owned:1,585,000 sharesPercent of class:5.51%Shares outstanding baseline:28,750,000 shares+2 more
5 metrics
Shares beneficially owned1,585,000 sharesClass A ordinary shares of Velos Acquisition I Corp. reported by the reporting persons
Percent of class5.51%Ownership percentage of Velos Acquisition I Corp. Class A shares based on shares outstanding
Shares outstanding baseline28,750,000 sharesClass A shares outstanding as of March 12, 2026, per Velos Acquisition I Corp. Form 10-K
Shared voting power1,585,000 sharesNumber of shares over which the reporting persons have shared voting power
Shared dispositive power1,585,000 sharesNumber of shares over which the reporting persons have shared dispositive power
"for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock"
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.
shared voting powerregulatory
"Shared Voting Power 1,585,000.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerregulatory
"Shared Dispositive Power 1,585,000.00"
Schedule 13Gregulatory
"agreed to file this statement and any subsequent amendments hereto jointly in accordance with Rule 13d-1(k)(1)"
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.
Joint Filing Agreementregulatory
"have entered into a Joint Filing Agreement, dated May 15, 2026"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake in Velos Acquisition I Corp. (VLOS) does Saba Capital report?
Saba Capital and related reporting persons report beneficial ownership of 1,585,000 Class A shares of Velos Acquisition I Corp., representing 5.51% of the outstanding class based on 28,750,000 shares outstanding as of March 12, 2026.
How is the 5.51% ownership in VLOS by Saba Capital calculated?
The 5.51% figure is based on 1,585,000 shares beneficially owned divided by 28,750,000 shares of Velos Acquisition I Corp. Class A ordinary shares reported as outstanding as of March 12, 2026 in the company’s Form 10-K.
Does Saba Capital have sole or shared voting power over VLOS shares?
The reporting persons disclose 0 shares with sole voting power and 1,585,000 shares with shared voting power, matching the number of shares with shared dispositive power over Velos Acquisition I Corp. Class A ordinary shares.
Who ultimately receives dividends and sale proceeds from Saba’s VLOS holdings?
The filing states that the funds and accounts advised by Saba Capital have the right to receive dividends and proceeds of sales from the Velos Acquisition I Corp. Class A shares, rather than the reporting persons individually.
Which entities are the reporting persons on this Schedule 13G/A for VLOS?
The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They entered into a Joint Filing Agreement dated May 15, 2026 to report their beneficial ownership jointly.
Where are Saba Capital and the other reporting persons for VLOS organized or domiciled?
Saba Capital Management, L.P. and Saba Capital Management GP, LLC are organized under the laws of Delaware, while Boaz R. Weinstein is a citizen of the United States, with a business address in New York.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Velos Acquisition I Corp.
(Name of Issuer)
Class A ordinary shares, par value $0.0001
(Title of Class of Securities)
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
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)
schemaVersion:
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Saba Capital Management, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,585,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,585,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,585,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.51 %
12
Type of Reporting Person (See Instructions)
PN, IA
Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 28,750,000 Shares outstanding as of March 12, 2026 as reported on the Issuer's 10-K filed with the Securities and Exchange Commission on March 12, 2026.
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Boaz R. Weinstein
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,585,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,585,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,585,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.51 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 28,750,000 Shares outstanding as of March 12, 2026 as reported on the Issuer's 10-K filed with the Securities and Exchange Commission on March 12, 2026.
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Saba Capital Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,585,000.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,585,000.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,585,000.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.51 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: The denominator of the fraction upon which the percentages are calculated is based on 28,750,000 Shares outstanding as of March 12, 2026 as reported on the Issuer's 10-K filed with the Securities and Exchange Commission on March 12, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Velos Acquisition I Corp.
(b)
Address of issuer's principal executive offices:
200 Park Avenue, New York, NEW YORK 10166
Item 2.
(a)
Name of person filing:
Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"), Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"), and Mr. Boaz R. Weinstein (together, the "Reporting Persons"). The Reporting Persons have entered into a Joint Filing Agreement, dated May 15, 2026, pursuant to which the Reporting Persons have agreed to file this statement and any subsequent amendments hereto jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any of the forgoing persons or the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)
Citizenship:
Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
(d)
Title of class of securities:
Class A ordinary shares, par value $0.0001
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Items 4(a) - (c) is set forth in Rows (5) - (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
(b)
Percent of class:
Not Applicable
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Not Applicable
(ii) Shared power to vote or to direct the vote:
Not Applicable
(iii) Sole power to dispose or to direct the disposition of:
Not Applicable
(iv) Shared power to dispose or to direct the disposition of:
Not Applicable
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The funds and accounts advised by Saba Capital have the right to receive the dividends from and proceeds of sales from the Common Stock.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Saba Capital Management, L.P.
Signature:
/s/ Michael D'Angelo
Name/Title:
General Counsel
Date:
08/13/2026
Boaz R. Weinstein
Signature:
/s/ Michael D'Angelo
Name/Title:
Authorized Signatory
Date:
08/13/2026
Saba Capital Management GP, LLC
Signature:
/s/ Michael D'Angelo
Name/Title:
Attorney-in-fact*
Date:
08/13/2026
Comments accompanying signature: *** Pursuant to a Power of Attorney dated as of November 16, 2015
