SCHEDULE: Magnetar Group Discloses 4.61% Stake in LightWave Acquisition
Beneficial Ownership Report
Magnetar Financial LLC and its affiliates reported a 4.61% beneficial ownership stake in LightWave Acquisition Corp.'s Class A ordinary shares as of September 30, 2025.
Summary
- Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman (collectively, the "Reporting Persons") filed an Amendment No. 1 to Schedule 13G.
- The filing reports beneficial ownership of 1,022,800 Class A ordinary shares of LightWave Acquisition Corp.
- This ownership represents approximately 4.61% of the total outstanding Class A ordinary shares of LightWave Acquisition Corp.
- The shares are held across various Magnetar Funds, including Constellation Master Fund, Lake Credit Fund, Structured Credit Fund, Xing He Master Fund, Alpha Star Fund, Purpose Credit Fund, SC Fund, and Waterfront Series A Fund.
- Magnetar Financial serves as the investment adviser to these funds, exercising voting and investment power.
- The shares 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: 5
Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Management Comments
- 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
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional ownership stake (4.61%) by Magnetar Financial and its affiliates provides transparency regarding the company's ownership structure.
Key Dates
| Date | Description |
|---|---|
| 2022-12-22 | Date David J. Snyderman granted Limited Power of Attorney to Michael Turro, Karl Wachter, and Hayley Stein. |
| 2025-08-21 | Date LightWave Acquisition Corp. filed its Form 10-Q, indicating approximately 22,168,750 shares outstanding. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-11-13 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
LightWave Acquisition Corp, Magnetar Financial, Schedule 13G, beneficial ownership, Class A ordinary shares, investment adviser, institutional ownership, SEC filing, G5490M118
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