SCHEDULE 13G: L1 Capital Global Opportunities Master Fund Discloses 5.5% Stake in Blue Hat Interactive Entertainment Technology
Beneficial Ownership Disclosure (Schedule 13G)
L1 Capital Global Opportunities Master Fund, Ltd. has disclosed a beneficial ownership of 5.5% in Blue Hat Interactive Entertainment Technology, holding 9,325,000 ordinary shares.
Summary
- L1 Capital Global Opportunities Master Fund, Ltd., a Cayman Islands-based entity, has filed a Schedule 13G.
- The filing indicates beneficial ownership of 9,325,000 ordinary shares of Blue Hat Interactive Entertainment Technology.
- This stake represents 5.5% of the issuer's ordinary shares outstanding.
- The percentage is calculated based on 169,548,281 ordinary shares outstanding immediately after an offering, as per the issuer's Prospectus Supplement filed on January 8, 2025.
- L1 Capital Global Opportunities Master Fund, Ltd. holds sole voting and sole dispositive power over all 9,325,000 shares.
- David Feldman and Joel Arber are directors of L1 Capital Global Opportunities Master Fund, Ltd. and may be deemed to beneficially own these securities, though they disclaim beneficial ownership for other purposes.
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.
Future Outlook
NA
Industry Context
This filing indicates a significant investment by a financial institution in a company operating in the interactive entertainment technology sector. Such disclosures are routine for institutional investors crossing a 5% ownership threshold and provide transparency regarding major shareholders.
Stakeholder Impact
- Shareholders: The disclosure of a new significant institutional investor (L1 Capital Global Opportunities Master Fund, Ltd.) holding 5.5% of the company's shares provides transparency regarding the shareholder base and may be viewed positively as a vote of confidence or negatively if it signals potential activist interest, though the filing states the shares were not acquired for control purposes.
Key Dates
| Date | Description |
|---|---|
| 01/08/2025 | Date of event which requires filing of this statement; also the date of the Issuer's Prospectus Supplement filing under Rule 424(b)(5). |
| 01/15/2025 | Date of signing and filing of the Schedule 13G statement. |
Keywords
Blue Hat Interactive Entertainment Technology, L1 Capital Global Opportunities Master Fund, Schedule 13G, Beneficial Ownership, Ordinary Shares, SEC Filing, Investment Fund, Shareholder Disclosure, Equity Stake
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