Highbridge Capital Management Updates Passive Stake in Atlantic Coastal II

TL;DR

**Highbridge Capital Management is still a passive holder in Atlantic Coastal Acquisition Corp. II, no big news here.**

AI Summary

Highbridge Capital Management, LLC filed an amended Schedule 13G/A on January 19, 2024, indicating their ownership in Atlantic Coastal Acquisition Corp. II's Series A Common Stock as of December 31, 2023. This filing updates their previous disclosure, confirming their continued passive investment in the SPAC. For investors, this means a significant institutional investor remains involved, which can signal confidence, but the filing itself doesn't reveal any new strategic moves or changes in their stake, so its impact is minimal.

Why It Matters

This filing confirms Highbridge Capital Management's continued passive investment in Atlantic Coastal Acquisition Corp. II, providing transparency on institutional ownership without signaling any immediate strategic changes.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no significant change in investment strategy or control, thus posing low risk.

Analyst Insight

Investors should note that a significant institutional investor, Highbridge Capital Management, LLC, continues to hold a passive stake in Atlantic Coastal Acquisition Corp. II. While this doesn't signal immediate action, it provides transparency and confirms their ongoing, non-activist interest. No immediate buy/sell action is suggested by this specific filing.

Key Numbers

• 04845A108 — CUSIP Number (identifies Atlantic Coastal Acquisition Corp. II's Series A Common Stock)
• 1934 — Securities Exchange Act (the act under which the Schedule 13G/A is filed)
• 1 — Amendment Number (indicates this is an amendment to a previous filing)

Key Players & Entities

• Highbridge Capital Management, LLC (company) — the reporting person filing the SC 13G/A
• Atlantic Coastal Acquisition Corp. II (company) — the issuer of the Series A Common Stock
• Series A Common Stock (company) — the class of securities owned by Highbridge Capital Management, LLC
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.0001 (dollar_amount) — par value per share of Series A Common Stock

Forward-Looking Statements

• Highbridge Capital Management, LLC will maintain a passive investment strategy in Atlantic Coastal Acquisition Corp. II. (Highbridge Capital Management, LLC) — high confidence, target: next 12 months

FAQ

Key Financial Figures

• $0.0001 — ame of Issuer) Series A Common Stock, $0.0001 par value per share (Title of Class of

Filing Documents

• p24-0119sc13ga.htm (SC 13G/A) — 46KB
• 0000902664-24-000428.txt ( ) — 48KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Atlantic Coastal Acquisition Corp. II (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 6 St. Johns Lane, Floor 5, New York, New York 10013.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Highbridge Capital Management, LLC (" Highbridge " or the " Reporting Person "), a Delaware limited liability company and the investment adviser to certain funds and accounts (the " Highbridge Funds "), with respect to the shares of Series A Common Stock (as defined in Item 2(d) below) that were directly held by the Highbridge Funds.

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of Reporting Person is 277 Park Avenue, 23rd Floor, New York, New York 10172.

(c)

Item 2(c). CITIZENSHIP: Highbridge is a Delaware limited liability company.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Series A common stock, $0.0001 par value per share (the " Series A Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 04845A108 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act, (b) ¨ Bank as defined in Section 3(a)(6) of the Act, (c) ¨ Insurance Company as defined in Section 3(a)(19) of the Act, (d) ¨ Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), CUSIP No. 04845A108 13G/A Page 4 of 6 Pages (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) ¨ Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) ¨ Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) ¨ A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) ¨ A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page of the Reporting Person and is incorporated herein by reference. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý Item 6. Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not a

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: January 19, 2024 HIGHBRIDGE CAPITAL MANAGEMENT, LLC By: /s/ Kirk Rule Name: Kirk Rule Title: Executive Director

View Full Filing

View this SC 13G/A filing on SEC EDGAR