SCHEDULE: UBS Asset Management Unit Amends Electra Battery Stake
Schedule 13D Amendment
OCONNOR, a unit of UBS Asset Management Americas, filed an amendment to its Schedule 13D, disclosing a 4.9% beneficial ownership in Electra Battery Materials Corp.
Summary
- OCONNOR, a distinct business unit of UBS Asset Management Americas (LLC), filed Amendment No. 1 to its Schedule 13D regarding its holdings in Electra Battery Materials Corp.
- The reporting person beneficially owns an aggregate of 918,210 Common Shares of Electra Battery Materials Corp.
- This ownership represents 4.9% of the issuer's outstanding Common Shares.
- The percentage is calculated based on 17,962,173 Common Shares outstanding as of August 15, 2025, plus 776,810 Common Shares obtainable from the exercise of Warrants and conversion of Notes held by the Reporting Person.
- The amendment updates information previously reported in the Original Schedule 13D filed on July 25, 2025, specifically amending and supplementing Items 3 (Source and Amount of Funds) and 6 (Contracts, Arrangements, Understandings or Relationships) by referring to information in Item 4 (Purpose of Transaction), which points to an unprovided exhibit.
Sentiment
Score: 5
Explanation: The filing is a factual, routine regulatory disclosure of beneficial ownership, providing no explicit positive or negative sentiment regarding the issuer's operational performance or future prospects.
Positives
- The filing confirms a significant beneficial ownership stake by OCONNOR, a distinct business unit of UBS Asset Management Americas (LLC), in Electra Battery Materials Corp.
Negatives
- No negative information regarding the issuer or the reporting person's intent is disclosed in this amendment.
Risks
- This filing does not contain specific risks related to the issuer's operations or financial health, as it is an ownership disclosure.
Future Outlook
This filing does not provide any forward-looking statements or guidance from Electra Battery Materials Corp or the reporting person regarding the issuer's future performance.
Industry Context
This filing is a routine disclosure of beneficial ownership by an institutional investor and does not provide specific insights into broader industry trends or competitive landscape beyond the fact of the investment.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake in the company, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 07/25/2025 | Date of original Schedule 13D filing by the Reporting Person. |
| 08/15/2025 | Date as of which 17,962,173 Common Shares of the Issuer were outstanding, as disclosed in the Issuer's Report of Foreign Private Issuer. |
| 08/21/2025 | Date of event which required the filing of this Amendment No. 1. |
| 08/25/2025 | Date of filing of this Amendment No. 1 to Schedule 13D. |
Keywords
Electra Battery Materials Corp, OCONNOR, UBS Asset Management, Schedule 13D, Beneficial Ownership, Common Shares, SEC Filing, Investment Management
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