SCHEDULE: Meteora Capital Boosts Hasbro Stake to 10.8%
Beneficial Ownership Report
Meteora Capital, LLC and Vik Mittal have reported a beneficial ownership of 10.80% in Hasbro, Inc.'s Class A common stock, totaling 699,746 shares.
Summary
- Meteora Capital, LLC and its Managing Member, Vik Mittal, reported beneficial ownership of Hasbro, Inc. Class A common stock.
- The aggregate amount beneficially owned is 699,746 shares.
- This represents 10.80% of the Class A common stock.
- Meteora Capital, LLC serves as an investment adviser for certain funds and managed accounts (Meteora Funds).
- The shares are held with shared voting power and shared dispositive power.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook.
Risks
- The reporting persons have certified that the securities were not acquired or held for the purpose of changing or influencing control of the issuer, with the exception of activities solely related to a nomination under Rule 14a-11, which permits shareholder director nominations.
Future Outlook
NA
Industry Context
This filing indicates a significant stake taken by an investment adviser in a major toy and entertainment company, which could signal increased investor scrutiny or potential for strategic engagement within the consumer discretionary sector.
Stakeholder Impact
- Shareholders: Increased transparency regarding a significant institutional investor's stake, potentially signaling confidence or intent for engagement.
- Company Management: Awareness of a large shareholder, which could lead to dialogue regarding corporate strategy or governance.
Next Steps
- Meteora Capital, LLC may file future amendments (Schedule 13G/A) if their beneficial ownership percentage changes significantly or if they change their investment intent.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement, representing the effective date of the reported beneficial ownership. |
| 08/14/2025 | Date of filing signature by Meteora Capital, LLC. |
Keywords
Hasbro, Meteora Capital, Vik Mittal, Beneficial Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Investment Adviser, Shareholder Stake
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