SCHEDULE: First Trust Entities Report Significant Stake in Vendome

First Trust Merger Arbitrage Fund and related entities have disclosed beneficial ownership of up to 9.25% of Vendome Acquisition Corp I's Class A Ordinary Shares.

Summary

• First Trust Merger Arbitrage Fund (VARBX) beneficially owns 1,520,272 Class A Ordinary Shares of Vendome Acquisition Corp I, representing 7.60% of the class.
• First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP) collectively beneficially own 1,850,000 Class A Ordinary Shares, representing 9.25% of the class.
• FTCM, an investment adviser, provides services to VARBX and other client accounts, granting it investment, voting, and dispositive authority over the shares.
• FTCS and Sub GP are control persons of FTCM and are therefore deemed beneficial owners of the shares, although they do not hold shares for their own accounts.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Vendome Acquisition Corp I.

Sentiment

Score: 5

Explanation: Neutral. This filing is a factual disclosure of beneficial ownership and does not contain information related to the issuer's financial performance, operational updates, or strategic direction that would typically influence sentiment.

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing the control of the issuer.

Industry Context

Vendome Acquisition Corp I is likely a Special Purpose Acquisition Company (SPAC), which typically raises capital through an IPO to acquire a private operating company. The disclosure of significant institutional ownership by First Trust entities, particularly a 'Merger Arbitrage Fund,' suggests an investment strategy focused on the potential merger or acquisition activities of the SPAC, indicating notable institutional interest in the company's shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity of the Class A Ordinary Shares.
• Management: Awareness of a substantial institutional shareholder base, which may be relevant for future corporate actions or communications.

Next Steps

• The reporting persons acknowledge and agree to file all subsequent amendments to this Schedule 13G on behalf of each undersigned party.

Key Dates

Keywords

Vendome Acquisition Corp I, First Trust Merger Arbitrage Fund, First Trust Capital Management, Schedule 13G, beneficial ownership, Class A Ordinary Shares, investment fund, SPAC, institutional ownership