SCHEDULE: Meteora Capital Reports 5.55% Stake in Electriq Power

Meteora Capital, LLC and Vik Mittal report a 5.55% beneficial ownership stake in Electriq Power Holdings, Inc. Class A common stock.

Summary

• Meteora Capital, LLC and its Managing Member, Vik Mittal, have filed an Amendment No. 6 to Schedule 13G regarding their beneficial ownership in Electriq Power Holdings, Inc.
• They collectively beneficially own 2,318,437 shares of Electriq Power Holdings, Inc.'s Class A common stock.
• This ownership represents 5.55% of the total Class A common stock outstanding.
• The shares are held by certain funds and managed accounts for which Meteora Capital serves as the investment manager.
• Meteora Capital and Vik Mittal possess shared voting power and shared dispositive power over all 2,318,437 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing is a routine beneficial ownership report (Schedule 13G Amendment No. 6), indicating a passive stake by an institutional investor. While not directly positive or negative about the company's performance, the continued significant stake by Meteora Capital can be seen as a neutral to slightly positive signal of investor confidence.

Positives

• A significant institutional investor, Meteora Capital, maintains a 5.55% stake in Electriq Power Holdings, Inc., which can be interpreted as a signal of continued confidence in the company.

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• 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

NA

Stakeholder Impact

• Shareholders: Existing shareholders may view Meteora Capital's significant stake as a positive signal of institutional confidence in Electriq Power Holdings, Inc.

Key Dates

Keywords

Electriq Power Holdings, Meteora Capital, Vik Mittal, Schedule 13G, beneficial ownership, Class A common stock, institutional investment, passive stake