SCHEDULE 13G: Decagon Asset Management and Benjamin Durham Disclose 8.4% Stake in Colombier Acquisition Corp. II
Beneficial Ownership Report
Decagon Asset Management LLP and Benjamin Durham have jointly disclosed a beneficial ownership of 8.4% in Colombier Acquisition Corp. II's Class A Ordinary Shares, held for ordinary course investment purposes.
Summary
- Decagon Asset Management LLP and Benjamin Durham have filed a Schedule 13G, disclosing their beneficial ownership in Colombier Acquisition Corp. II.
- The reporting persons collectively beneficially own 1,430,484 Class A Ordinary Shares.
- This ownership represents approximately 8.4% of the Class A Ordinary Shares outstanding.
- 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.
- The percentage is calculated based on 17,000,000 Class A Ordinary Shares outstanding as of August 13, 2024, as reported in the Company's Quarterly Report on Form 10-K.
- Squarepoint Diversified Partners Fund Limited, a fund managed by Decagon Asset Management, has the right to receive dividends or proceeds from the sale of more than 5% of the Class A Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, indicating a significant passive investment by an institutional entity. It does not contain information that would inherently lead to a positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This Schedule 13G filing indicates a significant passive investment by an asset management firm and its principal in Colombier Acquisition Corp. II, a Special Purpose Acquisition Company (SPAC). Such filings are standard disclosures for investors acquiring more than 5% of a company's shares, signaling institutional interest without intent to influence control. For SPACs, institutional ownership can be a positive signal of confidence in the management's ability to identify and execute a de-SPAC transaction.
Stakeholder Impact
- Shareholders may view the significant stake taken by Decagon Asset Management LLP and Benjamin Durham as a positive signal of institutional confidence in Colombier Acquisition Corp. II, potentially influencing investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-06-30 | End of quarterly period for which Colombier Acquisition Corp. II filed its Form 10-K. |
| 2024-08-13 | Date as of which 17,000,000 Class A Ordinary Shares were reported outstanding in the Company's Form 10-K. |
| 2024-08-14 | Date Colombier Acquisition Corp. II filed its Quarterly Report on Form 10-K for the period ended June 30, 2024. |
| 2024-09-30 | Date of event which requires filing of this Schedule 13G statement. |
| 2025-02-05 | Signature date for Olivia Cooper (COO, Decagon Asset Management LLP). |
| 2025-02-10 | Signature date for Benjamin Durham (CIO). |
| 2025-02-11 | Date of the Joint Acquisition Statement. |
Keywords
Colombier Acquisition Corp. II, Decagon Asset Management LLP, Benjamin Durham, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Investment Management, Institutional Investor, SPAC
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