SCHEDULE 13G: Sona Asset Management Discloses 7.84% Passive Stake in Cohen Circle Acquisition Corp. I

Sona Asset Management entities and John Aylward have disclosed a collective beneficial ownership of 7.84% in Cohen Circle Acquisition Corp. I's Class A ordinary shares, held for ordinary business purposes.

Summary

• Multiple Sona Asset Management entities, including Sona Asset Management (US) LLC, Sona Asset Management (UK) LLP, Sona Asset Management Limited, and Sona Asset Management Cayman Limited, along with John Aylward, have filed a Schedule 13G.
• The reporting persons collectively beneficially own 1,859,033 Class A ordinary shares of Cohen Circle Acquisition Corp. I.
• This ownership represents 7.84% of the issuer's Class A ordinary shares outstanding.
• The percentage is calculated based on 23,715,000 Class A ordinary shares outstanding as of March 26, 2025, as reported in the Issuer's Form 10-K.
• The beneficial ownership figures exclude 25,000 Common Shares underlying warrants, as these warrants are not exercisable within 60 days.
• The shares were acquired and are held 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 document is a factual, regulatory disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This Schedule 13G filing is a routine disclosure by an institutional investor, Sona Asset Management, indicating a significant, passive ownership stake in Cohen Circle Acquisition Corp. I, a Special Purpose Acquisition Company (SPAC). Such disclosures are common for institutional investors who acquire more than 5% of a company's shares for investment purposes without seeking to influence control.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming a substantial passive investment by Sona Asset Management.

Key Dates

Keywords

Cohen Circle Acquisition Corp. I, Sona Asset Management, Schedule 13G, beneficial ownership, Class A ordinary shares, SPAC, investment management