SCHEDULE: O'Connor Exits Electra Battery Materials Stake

O'Connor, a unit of UBS Asset Management, has filed an exit report indicating it no longer holds any beneficial ownership of Electra Battery Materials Corp. common shares as of March 31, 2026.

Summary

• O'Connor, a distinct business unit of UBS Asset Management Americas (LLC), has filed an amendment to its Schedule 13G, marking an exit from its holdings in Electra Battery Materials Corp.
• The filing indicates that as of March 31, 2026, O'Connor beneficially owns 0 shares of Electra Battery Materials Corp. common stock, representing 0% of the class.
• This exit filing is a result of the sale of the O'Connor business unit to Cantor Fitzgerald Asset Management, which closed on March 31, 2026.
• Following the transaction, O'Connor Alternative Investments, LLC, now part of Cantor Fitzgerald Asset Management, became the investment adviser with discretionary authority for the affected funds and accounts.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily serving as an administrative update regarding a change in beneficial ownership due to a business unit sale, rather than reflecting on the company's performance.

Future Outlook

The filing itself is an exit report and does not contain forward-looking statements or guidance regarding Electra Battery Materials Corp.'s future performance. The future outlook for O'Connor's involvement with the company is that of no involvement.

Management Comments

• "This Schedule 13G/A is an exit filing."
• "UBS Asset Management (Americas) LLC announced in May 2025 that it would be selling its O'Connor business unit to Cantor Fitzgerald Asset Management."
• "This transaction closed on March 31, 2026, with O'Connor Alternative Investments, LLC (the legal entity within Cantor Fitzgerald Asset Management) becoming the investment adviser with complete discretionary authority for the funds/accounts involved in this transaction at that time."

Industry Context

StockSavvy.ai notes that this filing signifies a divestment by a significant financial entity, O'Connor (part of UBS Asset Management), from Electra Battery Materials Corp. The transition of advisory roles to Cantor Fitzgerald Asset Management indicates a change in the investment management landscape for the affected funds, though it does not directly reflect on Electra Battery Materials Corp.'s operational performance.

Management Changes

Stakeholder Impact

• Shareholders of Electra Battery Materials Corp. may see a change in the specific investment manager overseeing certain funds that previously held the company's shares, with advisory duties now falling under Cantor Fitzgerald Asset Management.
• Investors who previously tracked O'Connor's holdings in Electra Battery Materials Corp. will no longer see them listed as beneficial owners.

Next Steps

• The O'Connor business unit has been sold and its advisory roles transferred to O'Connor Alternative Investments, LLC, under Cantor Fitzgerald Asset Management.

Key Dates

Keywords

Electra Battery Materials Corp, Schedule 13G, UBS Asset Management, O'Connor, Cantor Fitzgerald Asset Management, Exit Filing, Beneficial Ownership