SCHEDULE: Meteora Capital Discloses 5.42% Stake in FIGX Capital

Meteora Capital, LLC and Vik Mittal report beneficial ownership of 5.42% of FIGX Capital Acquisition Corp.'s Class A common stock.

Summary

• Meteora Capital, LLC and its Managing Member, Vik Mittal, reported beneficial ownership of 839,855 shares of Class A common stock in FIGX Capital Acquisition Corp.
• This ownership represents 5.42% of the issuer's Class A common stock.
• The shares are held by various funds and managed accounts for which Meteora Capital acts as the investment manager.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing.
• The reporting persons certified that the securities 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: This is a neutral disclosure of beneficial ownership, providing transparency without inherently positive or negative implications for the issuer's performance or strategy.

Positives

• Increased transparency regarding significant institutional ownership in FIGX Capital Acquisition Corp.

Negatives

• No specific negative information is disclosed in this beneficial ownership report.

Risks

• No specific risks related to the issuer's operations or financial health are disclosed in this beneficial ownership report.

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

This filing is a standard disclosure of beneficial ownership by an investment manager and does not provide information related to broader industry trends or competitive landscape.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional investor's stake in the company.

Key Dates

Keywords

Meteora Capital, FIGX Capital Acquisition Corp., Schedule 13G, beneficial ownership, Class A common stock, investment manager, Vik Mittal, G3473K126