Form 4: Marblegate Capital Corp: Executive Paul Arrouet Reports Beneficial Ownership Changes Following Business Combination
SEC Form 4
Paul Arrouet, President of Marblegate Capital Corp, reports changes in beneficial ownership of common stock following the closing of a business combination.
Summary
- Paul Arrouet, President of Marblegate Capital Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's common stock.
- The filing reflects transactions occurring on April 7, 2025, related to the closing of a business combination.
- Arrouet directly acquired 450 shares of common stock.
- Arrouet also indirectly acquired beneficial ownership of shares through various entities including Marblegate Special Opportunities Master Fund, L.P, Marblegate Strategic Opportunities Master Fund I, L.P, Marblegate Tactical III Master Fund I L.P., Marblegate Cobblestone Master Fund I, L.P., Marblegate Tactical III Master Fund II, L.P., Marblegate Partners Master Fund I, L.P., and Marblegate Partners Master Fund II, L.P.
- These indirect holdings amount to tens of millions of shares.
- Arrouet disclaims beneficial ownership of these indirectly held shares except to the extent of any pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership structure of the company after the business combination.
Key Dates
| Date | Description |
|---|---|
| February 14, 2023 | Date of the Business Combination Agreement among MAC, Marblegate Asset Management, LLC, Marblegate Capital Corporation, MAC Merger Sub, Inc., DePalma Acquisition I LLC, and DePalma Acquisition II LLC |
| April 7, 2025 | Date of the transactions reported in the Form 4, including acquisition of shares and closing of the business combination |
| April 8, 2025 | Date of signature on the Form 4 filing |
Keywords
beneficial ownership, Form 4, Marblegate Capital Corp, Paul Arrouet, business combination, common stock, securities, ownership
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