SCHEDULE 13G: Morningside Funds Disclose Significant Stake in Pony AI Inc.

Multiple Morningside China TMT funds and their general partners have disclosed beneficial ownership of 5.2% of Pony AI Inc.'s Class A ordinary shares.

Summary

• TMT General Partner Ltd. and Morningside China TMT GP IV, L.P. collectively reported beneficial ownership of 18,157,297 Class A ordinary shares of Pony AI Inc., representing 5.2% of the class.
• This aggregate ownership includes shares held by three underlying funds: Morningside China TMT Fund IV, L.P. (12,921,807 shares or 3.7%), Morningside China TMT Special Opportunity Fund II, L.P. (3,584,826 shares or 1.0%), and Morningside China TMT Fund IV Co-Investment, L.P. (1,650,664 shares or 0.5%).
• The ownership percentage is calculated based on 349,945,947 ordinary shares issued and outstanding on an as-converted basis, as reported in Pony AI Inc.'s prospectus on Form 424B4 filed on November 27, 2024.
• TMT General Partner Ltd. maintains sole voting and dispositive power over the aggregate 18,157,297 shares.
• The board of TMT General Partner Ltd., consisting of Qin Liu, Jianming Shi, and Gerald Lokchung Chan, controls the voting and dispositive powers over these shares.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment firm, Morningside China TMT, has a notable stake in Pony AI Inc., a company operating in the autonomous driving technology sector. Such disclosures are common for institutional investors crossing beneficial ownership thresholds and provide transparency regarding major shareholders in the industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and trading activity.
• Company Management: Awareness of a major institutional investor's stake may influence strategic decisions and investor relations.

Key Dates

Keywords

Pony AI Inc., Class A ordinary shares, beneficial ownership, Schedule 13G, SEC filing, Morningside China TMT, institutional ownership, equity stake, autonomous driving