SCHEDULE: Meteora Capital Discloses 9.99% Stake in Vendome Acquisition

Meteora Capital, LLC and its Managing Member, Vik Mittal, reported a 9.99% beneficial ownership stake in Vendome Acquisition Corp I's Class A common stock.

Summary

• Meteora Capital, LLC and its Managing Member, Vik Mittal, are the Reporting Persons for this Schedule 13G filing.
• The filing concerns Class A common stock of Vendome Acquisition Corp I, identified by CUSIP G9580A125.
• The Reporting Persons beneficially own an aggregate of 1,999,800 shares, representing 9.99% of the class.
• Meteora Capital, LLC, a Delaware limited liability company, serves as an investment manager for certain funds and managed accounts (Meteora Funds).
• Vik Mittal is the Managing Member of Meteora Capital.
• The Reporting Persons hold shared voting power and shared dispositive power over all 1,999,800 shares.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: Neutral to slightly positive, as it indicates a significant, passive investment by an institutional investor, which can be seen as a vote of confidence without implying active control or immediate strategic changes.

Positives

• Meteora Capital, an investment adviser, has taken a significant passive stake, indicating potential institutional interest in Vendome Acquisition Corp I.

Risks

• The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing represents a standard disclosure by an institutional investor, Meteora Capital, of a significant passive ownership stake in a publicly traded company, Vendome Acquisition Corp I, which appears to be a Special Purpose Acquisition Company (SPAC). Such disclosures provide transparency regarding major shareholders in the market.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant ownership, potentially signaling institutional interest in the issuer.

Key Dates

Keywords

Vendome Acquisition Corp I, Meteora Capital, Vik Mittal, Schedule 13G, beneficial ownership, Class A common stock, investment adviser, passive stake