Zeta Network: L1 Capital reports 9.99% stake
Zeta Network Group reports a Schedule 13G filing showing L1 Capital Global Opportunities Master Fund, Ltd. beneficially owns 175,442 Class A Ordinary Shares, representing 9.99% of the Class A outstanding.
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Rhea-AI Filing Summary
Zeta Network Group reports a Schedule 13G filing showing L1 Capital Global Opportunities Master Fund, Ltd. beneficially owns 175,442 Class A Ordinary Shares, representing 9.99% of the Class A outstanding. The filing states the percentage is based on 1,580,792 Class A Ordinary Shares outstanding per a Prospectus Supplement filed March 13, 2026.
The 175,442 shares are described as issuable upon conversion of a Senior 10% Original Issue Discount Convertible Promissory Note and are subject to a 9.99% beneficial ownership limitation. The filing separately discloses additional conversion and warrant amounts as context only.
Insights
Large disclosed stake at the 9.99% ownership cap; conversion features matter.
The filing documents that 175,442 Class A Ordinary Shares are beneficially owned by L1 Capital Global Opportunities Master Fund, Ltd., equal to 9.99% of 1,580,792 outstanding shares per the Prospectus Supplement dated March 13, 2026. The shares are tied to conversion of a Senior 10% Original Issue Discount Convertible Promissory Note and are explicitly subject to a 9.99% beneficial ownership limitation.
Because additional convertible and warrant amounts are listed separately (context only), future conversion or exercise events could affect ownership but are outside the numbers registered here. Subsequent filings or disclosures will clarify timing and any impact on voting or disposition rights.
AI-generated analysis. How Rhea-AI works. Not financial advice.