SCHEDULE: Meteora Capital Discloses 5.11% Stake in Jackson Acquisition Co II
Schedule 13G Filing
Meteora Capital, LLC and its managing member Vik Mittal have disclosed a 5.11% beneficial ownership stake in Jackson Acquisition Co II's Class A ordinary shares.
Summary
- Meteora Capital, LLC and its managing member, Vik Mittal, have reported beneficial ownership of 1,217,614 Class A ordinary shares of Jackson Acquisition Co II.
- This ownership represents 5.11% of the Class A ordinary shares outstanding.
- The filing was made under Rule 13d-1(c), indicating that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Meteora Capital, LLC serves as the investment manager for the Meteora Funds, which hold these shares.
- The beneficial ownership includes shared voting and dispositive power over all 1,217,614 shares.
Sentiment
Score: 5
Explanation: The filing is a standard passive ownership disclosure (Schedule 13G) and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a factual report of a significant stake.
Future Outlook
NA
Management Comments
- The securities referred to 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.
Industry Context
This filing indicates a significant passive investment by an investment adviser in a Special Purpose Acquisition Company (SPAC), which is common for institutional investors seeking exposure or arbitrage opportunities in the SPAC market.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor holding a 5.11% stake may be viewed positively as a vote of confidence or as a potential source of liquidity/trading activity.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement (reporting period end date for beneficial ownership). |
| 08/14/2025 | Date of filing of this statement. |
Keywords
Jackson Acquisition Co II, Meteora Capital, Vik Mittal, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Investment Adviser, SEC filing, SPAC
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