SCHEDULE 13G/A: Meteora Capital and Vik Mittal Disclose 5.38% Stake in ClimateRock

Meteora Capital, LLC and its Managing Member, Vik Mittal, have disclosed a shared beneficial ownership of 5.38% of ClimateRock's Class A Ordinary Shares as of December 31, 2024.

Summary

• Meteora Capital, LLC and Vik Mittal, its Managing Member, are the reporting persons for this Schedule 13G Amendment No. 1.
• The filing discloses beneficial ownership of Class A Ordinary Shares, par value $0.0001 per share, of ClimateRock.
• As of December 31, 2024, the reporting persons collectively beneficially own 245,069.00 shares.
• This aggregate amount represents 5.38% of ClimateRock's Class A Ordinary Shares.
• Meteora Capital, LLC serves as the investment manager for certain funds and managed accounts (Meteora Funds) holding these shares.
• Both Meteora Capital, LLC and Vik Mittal have shared voting power and shared dispositive power over all 245,069.00 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership, which is neutral in sentiment as it primarily serves a compliance purpose.

Positives

• The disclosure indicates that an institutional investor, Meteora Capital, LLC, holds a significant stake (5.38%) in ClimateRock, which may be viewed as a vote of confidence by some investors.

Negatives

• The document, being a beneficial ownership report, does not contain information regarding negative operational or financial aspects of ClimateRock.

Risks

• The document, a Schedule 13G filing, does not detail specific risks related to ClimateRock's operations or financial performance.

Future Outlook

The document is a beneficial ownership report and does not provide any forward-looking statements or guidance regarding ClimateRock's future outlook.

Industry Context

This filing is a standard regulatory disclosure of beneficial ownership by an investment firm in a publicly traded company. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes held by institutional investors, which can influence market perception and trading decisions.

Key Dates

Keywords

ClimateRock, Meteora Capital, Vik Mittal, Schedule 13G, beneficial ownership, Class A Ordinary Shares, SEC filing, investment management, ownership disclosure