SCHEDULE 13G/A: MCG7 Capital Inc. and Subsidiaries Disclose 9.83% Passive Stake in Braze, Inc.
Ownership Disclosure
MCG7 Capital Inc., along with its indirect wholly-owned subsidiaries Binder Clip Holdings LLC and Appboy BH LLC, has disclosed a combined passive beneficial ownership of 9.83% of Braze, Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- MCG7 Capital Inc., a Canadian entity, along with its Delaware-based indirect wholly-owned subsidiary Binder Clip Holdings LLC and Binder's direct wholly-owned subsidiary Appboy BH LLC, collectively beneficially own 8,634,408 shares of Braze, Inc.'s Class A Common Stock.
- This aggregate ownership represents 9.83% of Braze, Inc.'s Class A Common Stock outstanding as of December 31, 2024.
- The calculation is based on Braze, Inc. having 87,822,227 shares of Class A Common Stock outstanding as of December 31, 2024, as reported by Braze to the reporting persons on January 15, 2025.
- Binder Clip Holdings LLC directly held 8,278,960 shares, and Appboy BH LLC directly held 355,448 shares as of December 31, 2024.
- All reporting persons share both voting and dispositive power over the beneficially owned shares.
- This filing is an Amendment No. 2 to a Schedule 13G, indicating a passive investment.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This Schedule 13G filing is a routine disclosure of a significant passive ownership stake in Braze, Inc., a company operating in the customer engagement platform industry. Such filings are standard for large institutional investors or holding companies that cross certain ownership thresholds, indicating a long-term, non-activist investment.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 01/15/2025 | Date Braze, Inc. reported its outstanding Class A Common Stock shares to the reporting persons. |
| 02/13/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Braze Inc., Class A Common Stock, MCG7 Capital Inc., Binder Clip Holdings LLC, Appboy BH LLC, Beneficial Ownership, SEC Filing, Schedule 13G, Passive Investment, Equity Stake
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