SCHEDULE: Magnetar Discloses 3.62% Stake in Cohen Circle I
Beneficial Ownership Report (Schedule 13G Amendment)
Magnetar Financial and affiliates report a 3.62% passive beneficial ownership in Cohen Circle Acquisition Corp. I as of June 30, 2025.
Summary
- Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman collectively reported beneficial ownership of 860,000 Class A ordinary shares of Cohen Circle Acquisition Corp. I.
- This ownership represents approximately 3.62% of the total Class A ordinary shares outstanding as of June 30, 2025.
- The shares were held across several Magnetar Funds, including Constellation Master Fund, Lake Credit Fund, Structured Credit Fund, Xing He Master Fund, Alpha Star Fund, Purpose Credit Fund, SC Fund, and Purpose Credit Fund T.
- The acquisition of these securities was stated to be in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, indicating a neutral sentiment as it does not contain performance metrics, strategic updates, or forward-looking statements that would typically influence sentiment.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or strategic outlook.
Industry Context
This filing is a standard regulatory disclosure of a passive investment stake by an investment firm in a Special Purpose Acquisition Company (SPAC). It reflects a portfolio position rather than a strategic industry move or competitive action.
Comparison to Industry Standards
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive shareholder's stake in the company.
Key Dates
| Date | Description |
|---|---|
| 2022-12-22 | Date of Limited Power of Attorney granted by David J. Snyderman. |
| 2025-03-31 | Date of Issuer's Form 10-Q filing with the SEC, providing information on shares outstanding. |
| 2025-05-13 | Date as of which approximately 23,715,000 shares of Cohen Circle Acquisition Corp. I were outstanding, as reported in the Issuer's Form 10-Q. |
| 2025-06-30 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-08-08 | Date of signing for the Joint Filing Agreement and the Schedule 13G statement. |
Keywords
Cohen Circle Acquisition Corp. I, Magnetar Financial, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Investment Management, SEC Filing
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