SCHEDULE 13G: Meteora Capital Discloses Significant Passive Stake in Haoxi Health Technology Ltd.

Meteora Capital, LLC and its managing member Vik Mittal have disclosed a beneficial ownership of 8.96% in Haoxi Health Technology Ltd.'s Class A Ordinary Shares as of December 31, 2024.

Summary

• Meteora Capital, LLC and Vik Mittal, its Managing Member, collectively reported beneficial ownership of 1,699,253 Class A Ordinary Shares of Haoxi Health Technology Ltd.
• This ownership represents 8.96% of the Class A Ordinary Shares outstanding.
• The shares are held by certain funds and managed accounts for which Meteora Capital serves as investment manager.
• Both Meteora Capital, a Delaware limited liability company, and Vik Mittal, a United States citizen, share voting and dispositive power over all 1,699,253 shares.
• The filing indicates 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: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. While a significant stake can be viewed positively, the filing itself does not contain forward-looking statements or performance metrics to indicate a strong positive or negative sentiment.

Positives

• The disclosure of a significant 8.96% stake by an institutional investor like Meteora Capital may signal confidence in Haoxi Health Technology Ltd.'s long-term prospects.
• The filing explicitly states the investment is passive, held in the ordinary course of business, and not intended to influence control, which can provide stability to the shareholder base.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, 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 institutional investor, common across various industries, and does not provide specific insights into broader industry trends for the health technology sector beyond the investor's interest in Haoxi Health Technology Ltd.

Stakeholder Impact

• Shareholders: The disclosure of a significant passive institutional investor may provide a sense of stability and potentially attract further institutional interest, as it signals a large holder with no intent to influence control.

Key Dates

Keywords

Haoxi Health Technology Ltd., Meteora Capital, Vik Mittal, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, SEC Filing, Investment Management, Passive Investment