SCHEDULE: Pheton Holdings Ltd: Theia Investment Holding and Xiaobing Dai Report Zero Beneficial Ownership
Beneficial Ownership Amendment
Theia Investment Holding (BVI) LTD and Xiaobing Dai have filed an amended Schedule 13G, reporting zero beneficial ownership of Pheton Holdings Ltd's Class A Ordinary Shares.
Summary
- Theia Investment Holding (BVI) LTD and Xiaobing Dai, as reporting persons, have filed an Amendment No. 1 to their Schedule 13G regarding Pheton Holdings Ltd's Class A Ordinary Shares.
- Xiaobing Dai is identified as the director of Theia Investment Holding (BVI) LTD and is deemed to indirectly beneficially own the securities held by Theia.
- As of the event date of May 7, 2025, both reporting persons now report 0.00 shares beneficially owned in Pheton Holdings Ltd, representing 0.0% of the Class A Ordinary Shares.
- This amendment indicates that the reporting persons' beneficial ownership has fallen to 5 percent or less of the class.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine regulatory filing disclosing a change in beneficial ownership to zero, with no direct positive or negative implications for the company's operations or financial performance.
Future Outlook
No forward-looking statements or guidance are provided in this beneficial ownership filing.
Industry Context
This filing is a routine regulatory disclosure of a change in beneficial ownership and does not provide information related to broader industry trends or competitive landscape.
Stakeholder Impact
- Shareholders may note the complete divestment of shares by Theia Investment Holding (BVI) LTD and Xiaobing Dai, indicating their exit as beneficial owners.
Key Dates
| Date | Description |
|---|---|
| 05/05/2025 | Initial Schedule 13G filing by Theia Investment Holding (BVI) LTD and Xiaobing Dai. |
| 05/07/2025 | Date of event (change in beneficial ownership to zero) that required the filing of this amendment. |
| 07/30/2025 | Date of signature and filing for this Amendment No. 1 to Schedule 13G. |
Recommendation
holdThis Schedule 13G amendment primarily reports a change in beneficial ownership to zero for the named reporting persons. It does not contain financial performance data, strategic updates, or other information typically used to assess a company's intrinsic value or future prospects. Therefore, the filing itself does not warrant a change in investment recommendation, and a 'hold' stance is appropriate until further operational or financial disclosures are made.
Keywords
Pheton Holdings Ltd, Class A Ordinary Shares, Schedule 13G, Beneficial Ownership, Theia Investment Holding, Xiaobing Dai, SEC Filing
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