SCHEDULE: Saba Capital Management Discloses 5.33% Stake in 1RT Acquisition Corp.
Beneficial Ownership Report
Saba Capital Management, L.P., along with its general partner and Boaz R. Weinstein, has disclosed a passive beneficial ownership of 5.33% in 1RT Acquisition Corp., totaling 800,000 units.
Summary
- Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein (collectively, the "Reporting Persons") have filed a Schedule 13G.
- The filing reports beneficial ownership of 800,000 units of 1RT Acquisition Corp.
- This ownership represents 5.33% of the outstanding units of 1RT Acquisition Corp.
- The percentage is calculated based on 15,000,000 units outstanding as of July 2, 2025, as disclosed in the company's 424B4 Prospectus filed on the same date.
- The Reporting Persons share both voting power and dispositive power over all 800,000 units.
- The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that inherently conveys a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by an investment firm in a publicly traded company. It does not provide broader industry trends but indicates an investment decision by Saba Capital Management in 1RT Acquisition Corp.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by an institutional investor like Saba Capital Management may be viewed as a vote of confidence in the company, potentially influencing investor sentiment.
Next Steps
- The Reporting Persons have agreed to file any subsequent amendments to this Schedule 13G jointly.
Key Dates
| Date | Description |
|---|---|
| 07/02/2025 | Date of event which requires filing of this statement; also the date 15,000,000 units were outstanding as per the company's 424B4 Prospectus. |
| 07/07/2025 | Date of the Joint Filing Agreement between the Reporting Persons and the signing date of the Schedule 13G. |
Keywords
Saba Capital Management, 1RT Acquisition Corp, Schedule 13G, Beneficial Ownership, Investment, Units, SEC Filing, Boaz R. Weinstein, Passive Investment
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