SCHEDULE 13G/A: Fort Baker Capital Management Discloses 8.9% Passive Stake in Black Spade Acquisition II Co
Beneficial Ownership Report (Schedule 13G Amendment)
Fort Baker Capital Management LP, along with Steven Patrick Pigott and Fort Baker Capital, LLC, has disclosed a passive beneficial ownership of 8.9% in Black Spade Acquisition II Co's Class A ordinary shares.
Summary
- Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC have jointly filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Black Spade Acquisition II Co.
- The reporting persons collectively beneficially own 1,361,275 Class A ordinary shares of Black Spade Acquisition II Co.
- This ownership represents 8.9% of the Class A ordinary shares outstanding, based on 15,300,000 shares reported by the Issuer as of November 12, 2024.
- Fort Baker Capital Management LP directly holds the 1,361,275 shares.
- Steven Patrick Pigott acts as Limited Partner/Chief Investment Officer for Fort Baker Capital Management LP.
- Fort Baker Capital, LLC acts as General Partner for Fort Baker Capital Management LP.
- The reporting persons share both voting and dispositive power over all 1,361,275 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of a passive ownership stake, indicating a neutral sentiment as it does not convey positive or negative operational or financial news about the issuer.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a passive investment stake by an investment firm in a Special Purpose Acquisition Company (SPAC). Such disclosures are common in the investment landscape as institutional investors adjust their portfolios or reach reporting thresholds.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by an institutional investor, which can be viewed as a vote of confidence in the company's long-term prospects, though it does not imply active involvement in management or strategy.
Key Dates
| Date | Description |
|---|---|
| 2024-11-12 | Date as of which Black Spade Acquisition II Co reported 15,300,000 Class A ordinary shares outstanding in its Form 10-Q. |
| 2024-12-31 | Date of event which requires the filing of this statement. |
| 2025-02-14 | Date of filing of the Schedule 13G Amendment No. 1 and Joint Filing Agreement. |
Keywords
Black Spade Acquisition II Co, Fort Baker Capital Management, Steven Patrick Pigott, Fort Baker Capital LLC, Schedule 13G, Beneficial Ownership, Class A ordinary shares, SEC filing, Investment Adviser, Passive Investment
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