SCHEDULE: Tenor Capital Discloses 4.6% Stake in LightWave Acquisition
Beneficial Ownership Report (Amendment)
Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah jointly reported a 4.6% beneficial ownership stake in LightWave Acquisition Corp.'s Class A ordinary shares.
Summary
- Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah collectively reported beneficial ownership of 1,000,000 Class A ordinary shares of LightWave Acquisition Corp.
- This ownership represents 4.6% of the outstanding Class A ordinary shares.
- The shares are held in the form of units, with each unit comprising one Class A ordinary share and one-half of one redeemable warrant.
- The ownership is primarily through Tenor Opportunity Master Fund, Ltd., with Tenor Capital Management Company, L.P. serving as its investment manager and Robin Shah as the managing member of Tenor Capital's general partner.
- The percentage is calculated based on 21,562,500 units issued and outstanding, as stated in the Issuer's 8-K filed on June 30, 2025.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing disclosing beneficial ownership. It does not contain positive or negative financial performance data or forward-looking statements that would influence sentiment beyond the factual disclosure of a significant stake.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Industry Context
LightWave Acquisition Corp. is identified as a Special Purpose Acquisition Company (SPAC), indicated by its name and the structure of its securities (units with shares and warrants). This filing details a significant institutional investor's stake in this SPAC.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional investor's stake may provide a degree of confidence or signal potential future activity related to the SPAC's business combination.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement, and date of Issuer's 8-K filing detailing outstanding units. |
| 08/14/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
LightWave Acquisition Corp, Tenor Capital Management, Tenor Opportunity Master Fund, Robin Shah, Schedule 13G, Beneficial Ownership, SPAC, Class A ordinary shares, Warrants, Investment Management
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