SCHEDULE: EFM Entities Disclose 11.89% Stake in Bullish

EFM Asset Management, EFM Group Limited, and Jeffrey Gerard Emmanuel have jointly disclosed a beneficial ownership of 11.89% in Bullish Ordinary Shares.

Summary

• EFM Asset Management, EFM Group Limited, Pu Luo Chung VC Private Limited, and Mr. Jeffrey Gerard Emmanuel (collectively, the "Filers") have filed a Schedule 13G regarding their beneficial ownership in Bullish Ordinary Shares.
• EFM Asset Management, EFM Group Limited, and Mr. Jeffrey Gerard Emmanuel each beneficially own 17,375,638 Ordinary Shares of Bullish, representing 11.89% of the class.
• Pu Luo Chung VC Private Limited (PLCVC) beneficially owns 14,651,315 Ordinary Shares of Bullish, representing 10.02% of the class.
• The beneficial ownership is structured such that PLCVC and three private funds (holding 2,135,863, 562,500, and 25,960 shares respectively) are managed or advised by EFM Asset Management or its subsidiary.
• EFM Asset Management is directly controlled by EFM Group Limited, which is indirectly controlled by Mr. Jeffrey Gerard Emmanuel, who is the Chief Investment Officer of EFM Asset Management and the controlling shareholder of EFM Group Limited.
• The percentage of class is based on 146,183,739 Ordinary Shares of Bullish outstanding as of August 13, 2024, as reported in Bullish's Prospectus.

Sentiment

Score: 5

Explanation: This filing is a factual disclosure of beneficial ownership and does not contain information that would inherently sway sentiment positively or negatively regarding the issuer's performance or prospects.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional stake provides transparency regarding the ownership structure and may influence market perception of the company.

Key Dates

Keywords

Bullish, Ordinary Shares, Schedule 13G, EFM Asset Management, EFM Group Limited, Pu Luo Chung VC Private Limited, Jeffrey Gerard Emmanuel, Beneficial Ownership, Institutional Investor, Stake