SCHEDULE: Highbridge Capital Discloses 7.2% Stake in Captivision

Highbridge Capital Management, LLC has reported a 7.2% beneficial ownership stake in Captivision Inc., primarily through exercisable warrants.

Summary

• Highbridge Capital Management, LLC, an investment adviser, reported beneficial ownership of 2,500,000 Ordinary Shares of Captivision Inc.
• This represents 7.2% of Captivision Inc.'s outstanding Ordinary Shares.
• The shares are issuable upon the exercise of warrants directly held by the Highbridge Funds.
• The percentage calculation is based on 32,369,512 Ordinary Shares outstanding as of November 13, 2024, as reported in the Issuer's Prospectus Supplement.
• Highbridge Tactical Credit Master Fund, L.P., a Highbridge Fund, has the right to receive or direct the receipt of dividends or proceeds from the sale of more than 5% of the Ordinary Shares.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory filing disclosing a passive ownership stake, which is neither inherently positive nor negative for the company's operational performance, but provides transparency on significant shareholders.

Positives

• Disclosure of a significant institutional investor, Highbridge Capital Management, holding a substantial stake, which can signal confidence in the company.
• The investment is held through warrants, indicating a potential long-term interest or a strategic entry point for the investor.

Negatives

• No specific negatives are inherent in this Schedule 13G filing, as it is solely a disclosure of beneficial ownership.

Risks

• No specific operational or financial risks of Captivision Inc. are detailed in this filing, as it is solely an ownership disclosure.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not provide forward-looking statements or guidance regarding the issuer's future operations or financial performance.

Industry Context

This filing indicates a significant investment by an institutional asset manager in Captivision Inc., a Cayman Islands exempted company. Such disclosures are common for publicly traded companies and reflect ongoing investment activity in the market. The investment through warrants suggests a strategic position in the company's equity structure.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional holder.
• Investors: Provides insight into institutional interest in Captivision Inc.

Next Steps

• No specific future actions or milestones for Captivision Inc. are mentioned in this beneficial ownership filing. Highbridge Capital Management, LLC will continue to monitor its investment.

Key Dates

Keywords

Captivision Inc., Highbridge Capital Management, Schedule 13G, Beneficial Ownership, Warrants, Investment Adviser, SEC Filing, Ordinary Shares, Institutional Investor