SCHEDULE: Susquehanna Securities Discloses 9.4% Stake in Agora, Inc.

Susquehanna Securities, LLC has reported a beneficial ownership of 9.4% of Agora, Inc.'s Class A ordinary shares, representing 6,179,258 American Depositary Shares.

Summary

• Susquehanna Securities, LLC has filed a Schedule 13G, indicating it beneficially owns 24,717,032 shares of Agora, Inc. Class A ordinary shares.
• This holding represents 9.4% of the total class of securities.
• The reported shares are held as 6,179,258 American Depositary Shares (ADSs), with each ADS representing four ordinary shares.
• The filing is an amendment (Amendment No. 3) to a previous filing, with the event requiring this filing occurring on March 31, 2026.
• Agora, Inc. had 262,019,205 shares outstanding as of March 31, 2026, according to its Annual Report on Form 20-F filed on April 15, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a standard disclosure of institutional ownership and does not inherently signal positive or negative performance for the company itself.

Positives

• Susquehanna Securities, LLC, a registered broker-dealer, has a significant stake in Agora, Inc., potentially indicating confidence in the company's future prospects.
• The filing confirms a substantial institutional holding, which can sometimes be viewed positively by the market.

Negatives

• The filing does not contain any negative financial results or operational challenges for Agora, Inc. itself, as it is a disclosure of beneficial ownership by an external entity.

Risks

• The primary risk associated with this type of filing is the potential for significant share trading activity by the reporting person, which could impact share price volatility.
• While not explicitly stated as a risk in this filing, large institutional holdings can sometimes lead to concentrated selling pressure if the holder decides to divest.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Agora, Inc. itself. The future outlook for Agora, Inc. would be found in their separate financial reports.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and indicate significant stakes in publicly traded companies. This filing by Susquehanna Securities, LLC shows a notable investment in Agora, Inc., a company operating within the technology or digital services sector, though specific industry details are not provided in this document.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by an institutional investor may influence market perception and trading activity.
• Agora, Inc. Management: The company will be aware of Susquehanna Securities, LLC's substantial holding, which could be a factor in future strategic discussions or board representation considerations if the stake were to increase further.

Next Steps

• Monitor future filings by Susquehanna Securities, LLC for any changes in their ownership stake in Agora, Inc.
• Review Agora, Inc.'s financial reports for operational and strategic updates.

Key Dates

Keywords

Agora Inc, Schedule 13G, Susquehanna Securities, Beneficial Ownership, Class A Ordinary Shares, American Depositary Shares, SEC Filing, Institutional Holding