Schedule 13G: J. Goldman Group Discloses 5.15% Holding in YORKU
Rhea-AI Filing Summary
Yorkville Acquisition Corp. Schedule 13G shows J. Goldman & Co., L.P., J. Goldman Capital Management, Inc. and Jay G. Goldman together beneficially own 800,000 Units, representing approximately 5.15% of the class. All three reporting persons disclose shared voting and shared dispositive power with no sole voting or dispositive power. The filing identifies the securities class as Units and provides the reporting persons' principal business address. The statement certifies the holdings were acquired and are held in the ordinary course of business and not to influence control.
Positive
- Material disclosure of ownership above the 5% reporting threshold (800,000 Units, ~5.15%).
- Clear identification of reporting persons and their shared voting and dispositive powers.
Negative
- No sole voting or dispositive power reported by any filing person, indicating no direct control over the issuer.
Insights
TL;DR Ownership exceeds the 5% reporting threshold but represents a non-controlling passive stake shared among affiliated parties.
The filing discloses an aggregate 800,000 Unit position equal to ~5.15% of the outstanding units held with shared voting and dispositive authority. For investors this is a material disclosure because it signals an institutional-affiliate stake above regulatory reporting thresholds, but the lack of sole voting or dispositive power indicates no direct control shift. The certification that holdings are in the ordinary course of business limits control implications.
TL;DR Affiliated reporting persons disclose coordinated ownership yet no sole control, implying influence without control intent.
The statements by J. Goldman & Co., J. Goldman Capital Management and Jay G. Goldman identify shared power to vote and dispose of 800,000 Units. This structure commonly reflects managed fund holdings where decision rights are exercised collectively. The filing's certification that the position is not intended to influence control is important for governance analysis and reduces immediate takeover or control-change concerns.