Meteora Capital ups stake to 6.26% in X3 Acquisition Corp. (XCBE)
Rhea-AI Filing Summary
Meteora Capital, LLC and its managing member Vik Mittal report beneficial ownership of Class A Common Stock of X3 Acquisition Corp. Ltd. They report holding 1,408,079 shares, representing 6.26% of the class as of June 30, 2026. All voting and dispositive authority over these shares is described as shared, with no sole voting or dispositive power reported. The filing states that it should not be construed as an admission that the reporting persons are beneficial owners for Section 13 purposes.
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Key Figures
Shares beneficially owned: 1,408,079 shares
Percent of class: 6.26%
Sole voting power: 0 shares
+3 more
6 metrics
Shares beneficially owned
1,408,079 shares
Class A Common Stock of X3 Acquisition Corp. Ltd. reported by Meteora Capital and Vik Mittal
Percent of class
6.26%
Percentage of X3 Acquisition Corp. Ltd. Class A Common Stock outstanding
Sole voting power
0 shares
Shares over which the reporting persons have sole power to vote or direct the vote
Shared voting power
1,408,079 shares
Shares over which the reporting persons have shared power to vote or direct the vote
Shared dispositive power
1,408,079 shares
Shares over which the reporting persons have shared power to dispose or direct disposition
Reporting date
06/30/2026
Date as of which ownership in X3 Acquisition Corp. Ltd. is reported
Key Terms
beneficial owner, shared voting power, shared dispositive power, percent of class
4 terms
beneficial owner regulatory
"an 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.
percent of class financial
"Percent of class: 6.26 %"
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
Who are the reporting persons in the XCBE Schedule 13G/A filing?
The reporting persons are Meteora Capital, LLC, a Delaware limited liability company, and Vik Mittal, its Managing Member, with respect to shares held by funds and managed accounts advised by Meteora Capital.
Does the XCBE Schedule 13G/A filing admit Meteora as a beneficial owner under Section 13?
The filing explicitly states it should not be construed as an admission that any reporting person is the beneficial owner of the reported Common Stock for purposes of Section 13 of the Securities Exchange Act.
As of what date is Meteora Capital’s ownership in XCBE reported?
Meteora Capital’s beneficial ownership of X3 Acquisition Corp. Ltd. is reported as of June 30, 2026, in connection with Amendment No. 1 to the Schedule 13G filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.