SCHEDULE 13G/A: Angel Pride Holdings and Prominence Trust Disclose 5.8% Stake in AppLovin Corporation
Beneficial Ownership Report
Angel Pride Holdings Limited and Prominence Trust Limited have jointly disclosed a beneficial ownership of 5.8% in AppLovin Corporation's Class A common stock as of December 31, 2024.
Summary
- Angel Pride Holdings Limited and Prominence Trust Limited have filed an Amendment No. 3 to Schedule 13G regarding their beneficial ownership in AppLovin Corporation.
- As of December 31, 2024, the reporting persons collectively beneficially own 17,244,541 shares of AppLovin Corporation's Class A common stock.
- This ownership represents 5.8% of the Class A common stock outstanding, based on 298,667,774 shares outstanding as of November 1, 2024, as disclosed in AppLovin's Form 10-Q.
- Angel Pride Holdings Limited, a British Virgin Islands entity, holds the shares of record.
- Prominence Trust Limited, a Hong Kong entity, is the sole shareholder of Angel Pride and is deemed to share beneficial ownership.
- The filing certifies that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's operational or financial performance.
Future Outlook
NA
Industry Context
This filing is a standard disclosure of a significant ownership stake in a publicly traded company within the mobile advertising and gaming technology sector. Such disclosures provide transparency regarding major shareholders but do not inherently reflect broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant ownership stake held by Angel Pride Holdings Limited and Prominence Trust Limited, which could influence perceptions of shareholder concentration and potential long-term investor interest.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date as of which 298,667,774 shares of Common Stock were outstanding, as disclosed in AppLovin's Form 10-Q. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership position). |
| 2025-01-30 | Date of signing for the Schedule 13G Amendment No. 3 filing. |
Keywords
AppLovin Corporation, Class A common stock, Schedule 13G, Beneficial ownership, Angel Pride Holdings Limited, Prominence Trust Limited, SEC filing, Shareholding disclosure, Investment, Mobile advertising, Gaming technology
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