SCHEDULE: Boothbay Discloses 3.1% Stake in Renatus Tactical

Boothbay Fund Management and Ari Glass have disclosed a 3.1% beneficial ownership stake in Renatus Tactical Acquisition Corp I's Class A ordinary shares.

Summary

• Boothbay Fund Management LLC, Boothbay Absolute Return Strategies, LP, and Ari Glass have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Renatus Tactical Acquisition Corp I.
• Boothbay Fund Management LLC and Ari Glass each beneficially own 738,400 Class A ordinary shares, representing 3.1% of the class.
• Boothbay Absolute Return Strategies, LP beneficially owns 590,720 Class A ordinary shares, representing 2.4% of the class.
• The shares are held by one or more private funds managed by Boothbay Fund Management LLC, with Ari Glass serving as its Managing Member.
• The reporting persons disclaim beneficial ownership except for their pecuniary interest, particularly where investment and voting discretion is delegated to subadvisors and cannot be terminated within sixty days.

Sentiment

Score: 7

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor group. While it does not provide operational updates, the presence of institutional investment can be seen as a positive signal of confidence in the issuer.

Positives

• Increased transparency regarding the institutional ownership structure of Renatus Tactical Acquisition Corp I.
• Indicates continued interest from Boothbay Fund Management and related entities in the issuer.

Risks

• The reporting persons disclaim beneficial ownership for shares where investment and voting discretion is delegated to subadvisors and cannot be terminated within sixty days, which may imply less direct control over these specific shares by the named reporting persons.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional stake in a Special Purpose Acquisition Company (SPAC), Renatus Tactical Acquisition Corp I. Such disclosures are common for institutional investors holding over 5% (or less, depending on filing type) in public companies, reflecting their investment strategies and compliance with regulatory requirements.

Comparison to Industry Standards

• The beneficial ownership percentages (3.1% and 2.4%) are below the 5% threshold that typically triggers a Schedule 13D filing, indicating a passive investment intent as confirmed by the certification.
• The structure involving a fund manager (Boothbay Fund Management LLC), a fund (Boothbay Absolute Return Strategies, LP), and an individual (Ari Glass) is a standard setup for institutional investment disclosures in the financial industry.

Stakeholder Impact

• Shareholders: Provides transparency on significant institutional holdings, which can influence market perception and liquidity.

Key Dates

Keywords

Renatus Tactical Acquisition Corp I, Boothbay Fund Management, Ari Glass, Schedule 13G, beneficial ownership, Class A ordinary shares, SPAC, institutional investment