MMCAP/ MM Asset report 6.1% stake in Osprey III

Osprey Acquisition Corp. III shows a joint Schedule 13G filing by MMCAP International Inc. SPC and MM Asset Management Inc. reporting beneficial ownership of 2,200,000 Class A Ordinary Shares, representing 6.1% of the class.

Rhea-AI Filing Summary

Osprey Acquisition Corp. III shows a joint Schedule 13G filing by MMCAP International Inc. SPC and MM Asset Management Inc. reporting beneficial ownership of 2,200,000 Class A Ordinary Shares, representing 6.1% of the class. The filers report shared voting and shared dispositive power over the 2,200,000 shares. The filing includes addresses for the filers and is signed in early July 2026.

Insights

Corporate Governance Advisor

Joint passive ownership of 6.1% reported with shared control.

The filing lists 2,200,000 Class A Ordinary Shares as beneficially owned and attributes both shared voting and shared dispositive power to the filers. The joint filing and shared powers indicate coordinated ownership but the Schedule 13G classification implies a non-activist, passive intent under the terms used.

Future disclosures in public filings could clarify any change in intent or position; timing shown is 07/01/2026 for the share count and signatures dated 07/06/2026 and 07/07/2026.

Securities Compliance Counsel

Schedule 13G filing reports ownership and power allocation; procedural compliance appears met.

The document provides standard Schedule 13G fields: filer names, addresses, citizenship, CUSIP G6841G107, amount beneficially owned, percent of class, and the breakdown of voting and dispositive powers showing only shared authority. The filing attaches a Joint Filing Agreement in Exhibit 99.1.

Key qualifiers are explicit in the text; the filing does not assert an intent to influence control, consistent with passive Schedule 13G reporting practice.

Key Figures

Amount beneficially owned: 2,200,000 shares Percent of class: 6.1% Shared voting power: 2,200,000 shares +3 more

6 metrics

Amount beneficially owned 2,200,000 shares Class A Ordinary Shares

Percent of class 6.1% as reported on Schedule 13G

Shared voting power 2,200,000 shares number of shares with shared power to vote

Shared dispositive power 2,200,000 shares number of shares with shared power to dispose

CUSIP G6841G107 Class A Ordinary Shares CUSIP

Filing signature dates 07/06/2026 and 07/07/2026 dates of signatures on the Schedule 13G

Key Terms

Schedule 13G, Beneficially owned, Dispositive power

3 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Osprey Acquisition Corp. III"

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.

Beneficially owned financial

"Item 4. (a) Amount beneficially owned: 2,200,000"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Dispositive power regulatory

"(iv) Shared power to dispose or to direct the disposition of: 2,200,000"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake do MMCAP entities report in Osprey Acquisition Corp. III (WLCOU)?

They report beneficial ownership of 2,200,000 Class A Ordinary Shares, equal to 6.1% of the class. The filing shows shared voting and shared dispositive power for those shares and includes a Joint Filing Agreement as Exhibit 99.1.

Does the Schedule 13G indicate active control by the filers of WLCOU?

No—this Schedule 13G lists the position with shared voting and dispositive power but does not state an intent to influence control. The form and the Joint Filing Agreement suggest a passive reporting posture rather than an activist intent.

What CUSIP and class are covered in the filing for WLCOU?

The filing covers Class A Ordinary Shares with CUSIP G6841G107. The reported beneficial ownership is 2,200,000 shares, representing 6.1% of that class as stated in the Schedule 13G.

When were the Schedule 13G signatures executed for the WLCOU filing?

The filing shows signature dates of 07/06/2026 and 07/07/2026. The share count is dated 07/01/2026 in the header information accompanying the Schedule 13G filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/07/2026 - 12:10 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Osprey Acquisition Corp. III

(Name of Issuer)

Class A Ordinary Shares

(Title of Class of Securities)

G6841G107

(CUSIP Number)

07/01/2026

(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 Number(s): G6841G107

1

Names of Reporting Persons

MMCAP International Inc. SPC

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

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,200,000.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP Number(s): G6841G107

1

Names of Reporting Persons

MM Asset Management Inc.

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

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,200,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,200,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,200,000.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Osprey Acquisition Corp. III
(b)	Address of issuer's principal executive offices: 1845 Walnut Street, Suite 1111, Philadelphia, Pennsylvania 19103
Item 2.
(a)	Name of person filing: i) MMCAP International Inc. SPC ii) MM Asset Management Inc.
(b)	Address or principal business office or, if none, residence: i) c/o Mourant Governance Services (Cayman) Limited, 94 Solaris Avenue, Camana Bay, P. O. Box 1348, Grand Cayman KY1-1108, Cayman Islands ii) 161 Bay Street, TD Canada Trust Tower, Suite 2240, Toronto, Ontario M5J 2S1 Canada
(c)	Citizenship: i) Cayman Islands ii) Ontario, Canada
(d)	Title of class of securities: Class A Ordinary Shares
(e)	CUSIP Number(s): G6841G107
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: 2,200,000
(b)	Percent of class: 6.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,200,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,200,000
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.
	Not Applicable
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.

MMCAP International Inc. SPC

Signature:	Ulla Vestergaard
Name/Title:	Director
Date:	07/07/2026

MM Asset Management Inc.

Signature:	Hillel Meltz
Name/Title:	President
Date:	07/06/2026

Exhibit Information

Exhibit 99.1 Joint Filing Agreement