SCHEDULE: Magnetar Funds Disclose 9.25% Stake in Vendome Acquisition Corp I

Magnetar Financial LLC and its affiliates have reported a 9.25% beneficial ownership stake in Vendome Acquisition Corp I, totaling 1,850,000 Class A ordinary shares.

Summary

• Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman (collectively, the "Reporting Persons") have filed a Schedule 13G.
• The filing reports beneficial ownership of 1,850,000 Class A ordinary shares of Vendome Acquisition Corp I.
• This ownership represents approximately 9.25% of the total outstanding Class A ordinary shares, based on 20,000,000 shares outstanding as reported by the Issuer in its 10-Q filed on August 12, 2025.
• The shares are held across various Magnetar Funds, including Constellation Master Fund (333,000 shares), Lake Credit Fund (407,000 shares), Structured Credit Fund (351,500 shares), Xing He Master Fund (296,000 shares), Alpha Star Fund (185,000 shares), Purpose Credit Fund (74,000 shares), SC Fund (129,500 shares), Magnetar Waterfront Series A Fund (37,000 shares), and Purpose Credit Fund T (37,000 shares).
• The Reporting Persons share both voting and dispositive power over all 1,850,000 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a factual disclosure of beneficial ownership, not an announcement of performance or strategic changes. The presence of a significant institutional investor can be seen as a positive signal, but the filing itself is purely informational.

Positives

• The disclosure of a significant institutional investor like Magnetar Financial LLC can signal confidence in Vendome Acquisition Corp I's potential, particularly for a SPAC.

Negatives

• The filing itself does not contain information that would be considered negative; it is a factual report of beneficial ownership.

Risks

• The filing does not detail specific risks related to Vendome Acquisition Corp I's operations or financial health, as it is a beneficial ownership report.

Future Outlook

This filing is a report of beneficial ownership and does not contain forward-looking statements or guidance from Vendome Acquisition Corp I or the reporting persons regarding the issuer's future performance.

Management Comments

• The Reporting Persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

Vendome Acquisition Corp I is a Special Purpose Acquisition Company (SPAC), which raises capital through an IPO to acquire a private company, thereby taking it public. Institutional investors like Magnetar Financial often invest in SPACs for various strategies, including arbitrage opportunities or long-term investment in the eventual de-SPACed entity. A significant stake from a prominent investment firm can draw attention to the SPAC, potentially influencing market perception ahead of a business combination.

Comparison to Industry Standards

• The 9.25% stake held by Magnetar Financial and its affiliates is a substantial position for an institutional investor in a SPAC, indicating a notable commitment. While specific comparable companies or projects are not detailed in this filing, such a stake is generally considered a significant passive investment in the SPAC market.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder may influence investor sentiment and potentially the stock price.
• Management: Awareness of a large institutional shareholder may impact strategic decisions, though the filing states the investment is passive.

Next Steps

• The Reporting Persons will continue to monitor their investment in Vendome Acquisition Corp I.
• Vendome Acquisition Corp I will continue its efforts to identify and complete a business combination.

Key Dates

Keywords

Vendome Acquisition Corp I, Magnetar Financial LLC, Schedule 13G, Beneficial Ownership, Class A ordinary shares, Institutional Investor, SPAC, Investment Adviser, Passive Investment