SCHEDULE 13G/A: Karpus Management Discloses 6.8% Passive Stake in Oak Woods Acquisition Corp

Karpus Management, Inc. has filed an amended Schedule 13G, reporting a 6.80% passive beneficial ownership stake in Oak Woods Acquisition Corp as of December 31, 2024.

Summary

• Karpus Management, Inc., operating as Karpus Investment Management, reported beneficial ownership of 410,703 common shares of Oak Woods Acquisition Corp.
• This ownership represents 6.80% of the total class of securities.
• Karpus Management, Inc. holds sole voting power and sole dispositive power over all 410,703 shares, with no shared powers.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a change in previously reported ownership or status.
• Karpus is a registered investment adviser under the Investment Advisers Act of 1940 and is controlled by City of London Investment Group plc (CLIG), though informational barriers ensure independent exercise of voting and investment power.

Sentiment

Score: 5

Explanation: The filing is a routine Schedule 13G amendment disclosing a passive beneficial ownership stake by an institutional investor, indicating a neutral impact on company operations or strategy.

Positives

• Karpus Management, Inc., a registered investment adviser, holds a significant 6.80% stake, indicating institutional interest in Oak Woods Acquisition Corp.

Future Outlook

NA

Management Comments

• Karpus Management, Inc. certified that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under SEC rules.

Industry Context

This Schedule 13G filing is a routine disclosure by an institutional investment manager, Karpus Management, Inc., detailing its passive ownership stake in Oak Woods Acquisition Corp. Such filings are common for investment advisers holding more than 5% of a company's shares, reflecting their portfolio management activities rather than strategic corporate actions.

Stakeholder Impact

• Shareholders: Increased transparency regarding institutional ownership.
• Investors: Provides insight into institutional interest in the company's common stock.

Key Dates

Keywords

Oak Woods Acquisition Corp, Karpus Management, Schedule 13G, Beneficial Ownership, Investment Management, SEC Filing, Common Stock, Institutional Investor, Passive Investment