SCHEDULE: Tether Entities Adjust Versamet Royalties Stake

Tether Global Investments Fund and its subsidiaries report an amendment to their Schedule 13D filing regarding their beneficial ownership of Versamet Royalties Corporation shares.

Summary

• This filing is an amendment (Amendment No. 1) to a previously filed Schedule 13D concerning the beneficial ownership of Versamet Royalties Corporation common shares.
• The reporting persons include Tether Global Investments Fund, S.I.C.A.F., S.A., Tether Investments, S.A. de C.V., Tether International, S.A. de C.V., and Giancarlo Devasini.
• Effective June 25, 2026, Tether Investments transferred 8,870,456 common shares to Tether International, S.A. de C.V.
• This transfer did not change the aggregate number of shares beneficially owned by the reporting persons.
• The reporting persons collectively beneficially own 13,718,812 common shares, representing 12.6% of the outstanding shares.
• This percentage is based on 108,590,241 common shares outstanding as of May 19, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports an internal share transfer between related entities without indicating a change in overall beneficial ownership or strategic intent towards the issuer.

Risks

• The filing references past regulatory proceedings against Tether entities, including a $41 million civil monetary penalty from the CFTC and a $18.5 million settlement with the New York Attorney General related to allegations of untrue or misleading statements about USDT backing and trading activity with New York entities.

Future Outlook

No specific future outlook or guidance is provided in this amendment, which primarily details a share transfer between related entities.

Industry Context

StockSavvy.ai notes that this filing is a routine amendment to a Schedule 13D, indicating a change in the reporting of beneficial ownership rather than a new acquisition or disposition of shares. The involvement of Tether entities in a royalty corporation suggests potential diversification or strategic investment strategies within the broader financial and resource sectors.

Legal Proceedings

• The filing references past regulatory actions against Tether entities: a $41 million civil monetary penalty from the CFTC (settled October 2021) and a $18.5 million settlement with the New York Attorney General (February 2021).

Related Party Transactions

• Effective June 25, 2026, Tether Investments transferred 8,870,456 Common Shares to Tether International, S.A. de C.V. Both entities are wholly owned subsidiaries of Tether Global Investments Fund, S.I.C.A.F., S.A.

Stakeholder Impact

• Shareholders of Versamet Royalties Corporation: The filing indicates a change in the internal allocation of shares among related Tether entities, but no change in the aggregate beneficial ownership percentage (12.6%), suggesting no immediate impact on control or voting power.

Key Dates

Keywords

Schedule 13D, Versamet Royalties Corporation, Tether Global Investments Fund, Tether Investments, Tether International, Beneficial Ownership, Share Transfer, SEC Filing