SCHEDULE 13G/A: Morningside and 5Y Capital Disclose Significant Stakes in Agora, Inc. via Amended SEC Filing
Beneficial Ownership Report
An amended Schedule 13G filing reveals the beneficial ownership stakes of TMT General Partner Ltd. (Morningside) and 5Y Capital GP Limited in Agora, Inc.'s Class A ordinary shares as of December 31, 2024.
Summary
- TMT General Partner Ltd. and its affiliated funds collectively beneficially own 26,318,731 Class A ordinary shares of Agora, Inc., representing 8.9% of the total outstanding shares.
- This ownership includes shares held by Morningside China TMT Fund II, L.P. (990,020 shares), Morningside China TMT Top Up Fund, L.P. (11,514,088 shares), Morningside China TMT Special Opportunity Fund II, L.P. (12,558,748 shares), and Morningside China TMT Fund IV Co-Investment, L.P. (1,255,875 shares).
- TMT General Partner Ltd. controls Morningside China TMT GP II, L.P. and Morningside China TMT GP IV, L.P., which in turn control the respective Morningside funds.
- 5Y Capital GP Limited and its affiliated funds collectively beneficially own 8,901,703 Class A ordinary shares of Agora, Inc., representing 3.0% of the total outstanding shares.
- This ownership includes shares held by Evolution Special Opportunity Fund I, L.P. (7,740,611 shares) and Evolution Fund I Co-investment, L.P. (1,161,092 shares).
- 5Y Capital GP Limited controls Evolution Special Opportunity Fund I, L.P. and Evolution Fund I Co-investment, L.P.
- The total number of Class A ordinary shares outstanding for Agora, Inc. as of December 31, 2024, is 297,156,593.
- The filing is an Amendment No. 2 to a Schedule 13G, updating previously disclosed beneficial ownership information.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
NA
Key Dates
| Date | Description |
|---|---|
| 2021-02-16 | Date of the original Joint Filing Agreement (Exhibit 99.1). |
| 2024-12-31 | Date of event which requires filing of this statement, and the date for which the number of outstanding shares was informed by the Issuer. |
| 2025-02-10 | Date of signatures for the filing. |
Keywords
Agora Inc., Class A ordinary shares, beneficial ownership, SEC filing, Schedule 13G, TMT General Partner Ltd., Morningside China TMT Fund, 5Y Capital GP Limited, Evolution Fund, institutional ownership, equity stake
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