SCHEDULE: Divisadero Street Capital Reports 9.9% Stake in Rush Street Interactive

Divisadero Street Capital Management and affiliated entities disclose a significant 9.9% beneficial ownership stake in Rush Street Interactive, Inc. Class A common stock.

Summary

• Divisadero Street Capital Management, LP, William Zolezzi, and Divisadero Street Capital, LLC each beneficially own 9,750,078 shares of Rush Street Interactive, Inc. Class A common stock, representing 9.9% of the class.
• Divisadero Street Partners, L.P. and Divisadero Street Partners GP, LLC each beneficially own 8,405,777 shares, representing 8.6% of the class.
• All reporting persons hold shared voting and dispositive power over their respective reported shares.
• The securities are directly owned by advisory clients of Divisadero Street Capital Management, LP, with Divisadero Street Partners, L.P. being the only advisory client deemed to beneficially own more than 5% of the Class A common stock.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating a passive investment intent without the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is a routine disclosure of beneficial ownership by an investment group and does not contain operational or financial performance updates.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that significant institutional ownership disclosures, such as this Schedule 13G, are common in the online gaming and sports betting industry, reflecting investor interest in companies like Rush Street Interactive. Such filings provide transparency into the ownership structure and can signal confidence from large investment groups.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional holders, potentially signaling investor confidence or interest in the company's stock.

Key Dates

Keywords

Rush Street Interactive, RSI, Divisadero Street Capital Management, Beneficial Ownership, Schedule 13G, Institutional Ownership, Class A Common Stock, Investment Adviser, Passive Investment