SCHEDULE 13G: ASEP PRIHARYANTO Discloses 5.63% Passive Stake in Pheton Holdings Ltd.
Beneficial Ownership Report
ASEP PRIHARYANTO has filed a Schedule 13G, reporting beneficial ownership of 5.63% of Pheton Holdings Ltd.'s Class A Ordinary Shares.
Summary
- ASEP PRIHARYANTO beneficially owns 960,000 Class A Ordinary Shares of Pheton Holdings Ltd.
- This ownership represents 5.63% of the total issued and outstanding Class A Ordinary Shares of Pheton Holdings Ltd.
- As of April 22, 2025, Pheton Holdings Ltd. had 17,050,000 Class A Ordinary Shares and 7,668,000 Class B Ordinary Shares issued and outstanding.
- Each Class A Ordinary Share is entitled to one vote per share, while each Class B Ordinary Share is entitled to 20 votes per share.
- ASEP PRIHARYANTO's beneficial ownership represents 0.56% of the total outstanding voting power of Pheton Holdings Ltd. when considering both Class A and Class B shares as a single class.
- The shares are held for investment purposes and not with the intent to change or influence the control of the issuer.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a routine disclosure of passive beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. It simply reports a change in significant ownership.
Positives
- Disclosure of a new significant shareholder, ASEP PRIHARYANTO, holding 5.63% of Class A Ordinary Shares, indicating investor interest in Pheton Holdings Ltd.
Future Outlook
The document does not contain any forward-looking statements or guidance from the issuer or the reporting person regarding future performance or strategic direction.
Management Comments
- ASEP PRIHARYANTO certified that the securities 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.
Industry Context
This Schedule 13G filing is a disclosure of beneficial ownership by an individual investor and does not provide specific insights into broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant ownership stakes, allowing other investors to see who holds substantial portions of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of event which required the filing of this statement. |
| 04/22/2025 | Date as of which the issuer's issued and outstanding Class A and Class B ordinary shares were calculated for percentage ownership. |
| 06/13/2025 | Date the Schedule 13G statement was signed and filed. |
Keywords
Pheton Holdings Ltd., ASEP PRIHARYANTO, Schedule 13G, beneficial ownership, Class A Ordinary Shares, passive investment, SEC filing, G71399102
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