SCHEDULE 13G: Ghisallo Capital Management Discloses 5.3% Stake in Newbury Street II Acquisition Corp
Beneficial Ownership Report
Ghisallo Capital Management LLC and Michael Germino have filed a Schedule 13G, reporting beneficial ownership of 5.3% of Newbury Street II Acquisition Corp's Class A ordinary shares.
Summary
- Ghisallo Capital Management LLC, an investment adviser, and Michael Germino, who indirectly controls the Investment Manager, have jointly filed a Schedule 13G.
- The filing reports beneficial ownership of 950,000 Class A ordinary shares of Newbury Street II Acquisition Corp.
- This ownership represents 5.3% of the total Class A ordinary shares outstanding.
- The percentage is calculated based on 17,998,375 Class A Ordinary Shares outstanding as of December 13, 2024, as reported in the Company's Form 10-Q.
- Ghisallo Master Fund LP, one of the Ghisallo Funds, has the right to receive dividends or proceeds from the sale of more than 5% of the Class A Ordinary Shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains factual information without any positive or negative operational or financial news, thus indicating a neutral sentiment.
Future Outlook
This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Industry Context
This filing pertains to Newbury Street II Acquisition Corp, which is identified as an 'Acquisition Corp,' indicating it is a Special Purpose Acquisition Company (SPAC). The disclosure of a significant passive ownership stake by an investment manager is a routine regulatory event in the SPAC and broader public markets.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant passive ownership stakes in the company, confirming the identity of a large holder.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | Period end date for the Company's Quarterly Report Form 10-Q. |
| 2024-12-13 | Date as of which 17,998,375 Class A Ordinary Shares were outstanding, as reported in the Company's 10-Q. |
| 2024-12-16 | Date the Company's Quarterly Report Form 10-Q was filed with the SEC. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-02-12 | Date of signing for the Schedule 13G filing by Ghisallo Capital Management LLC and Michael Germino. |
Keywords
Beneficial Ownership, SEC Filing, Schedule 13G, Investment Management, Class A Ordinary Shares, Newbury Street II Acquisition Corp, Ghisallo Capital Management, Michael Germino, SPAC
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