[SCHEDULE 13G/A] Wang & Lee Group, Inc. SEC Filing
Rhea-AI Filing Summary
L1 Capital Global Opportunities Master Fund, Ltd. filed an amendment to a Schedule 13G reporting its holdings in Wang & Lee Group, Inc. (WLGS). The amendment states the reporting person currently beneficially owns 0 ordinary shares and reports 0% of the class. The amendment references a prior Schedule 13G/A filed June 13, 2025, which covered 3,143,532 ordinary shares purchased on June 6, 2025. The filing names David Feldman and Joel Arber as directors of the reporting fund and notes they may be deemed to beneficially own the issuer securities but disclaim beneficial ownership for other purposes. The filing indicates the holdings are 5% or less of the class and includes the fund's Cayman Islands address and CUSIP G9T22C100.
Positive
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Negative
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Insights
TL;DR: Amendment reports current beneficial ownership of zero shares after a prior purchase of 3,143,532 shares.
The filing is a routine Schedule 13G/A amendment showing the reporting fund presently holds 0 shares (0% of the class) despite a referenced prior acquisition of 3,143,532 ordinary shares on June 6, 2025. This suggests a change in the fund's reported position between the prior filing and this amendment; however, the document does not state the transaction that reduced the position to zero. The disclosure about directors David Feldman and Joel Arber is standard for funds where directors may be deemed to beneficially own securities, with explicit disclaimers of beneficial ownership for other purposes.
TL;DR: Governance disclosure properly identifies directors and includes standard disclaimer; no control intent asserted.
The certification affirms the securities were not acquired to influence control of the issuer and the filing includes the required director identification and signature by David Feldman, Director. The statement that the position is 5% or less and the certification language are consistent with passive investor reporting under Rule 13d-1(b). The filing does not contain any statements implying an active control purpose.