RLH Capital Discloses New Stake in Power & Digital Infrastructure II
Ticker: AIRJW · Form: SC 13G · Filed: Jan 16, 2024 · CIK: 1855474
| Field | Detail |
|---|---|
| Company | Power & Digital Infrastructure Acquisition II Corp. (AIRJW) |
| Form Type | SC 13G |
| Filed Date | Jan 16, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, new-stake, SC-13G
TL;DR
**RLH Capital just bought a chunk of Power & Digital Infrastructure II, signaling potential upside.**
AI Summary
RLH Capital LLC, an investment firm based in Great Neck, NY, has reported a new significant stake in Power & Digital Infrastructure Acquisition II Corp. (PDIAC) as of January 9, 2024. This SC 13G filing indicates that RLH Capital LLC now holds a notable position in PDIAC's Class A common stock, par value $0.0001 per share. This matters to investors because a new institutional investor taking a significant stake can signal confidence in the company's future prospects, potentially influencing stock price and market perception.
Why It Matters
A new institutional investor taking a significant stake can signal confidence in the company's future prospects, potentially influencing stock price and market perception.
Risk Assessment
Risk Level: low — This filing indicates a new institutional investment, which is generally seen as a positive or neutral event, not increasing risk.
Analyst Insight
Investors should monitor future filings from RLH Capital LLC to see if their stake changes, and research Power & Digital Infrastructure Acquisition II Corp.'s business fundamentals to understand why an institutional investor might be interested.
Key Players & Entities
- RLH Capital LLC (company) — the reporting person acquiring shares
- Power & Digital Infrastructure Acquisition II Corp. (company) — the subject company whose shares were acquired
- January 9, 2024 (date) — the date of the event requiring the filing
- $0.0001 (dollar_amount) — par value per share of Class A common stock
- 86-2579277 (person) — IRS Identification Number for RLH Capital LLC
FAQ
What is the CUSIP number for Power & Digital Infrastructure Acquisition II Corp.'s Class A common stock?
The CUSIP number for Power & Digital Infrastructure Acquisition II Corp.'s Class A common stock is 73919C100, as stated in the filing.
What is the par value per share of the Class A common stock mentioned in the filing?
The par value per share of the Class A common stock is $0.0001, as specified in the 'Title of Class of Securities' section.
When was the event that required RLH Capital LLC to file this Schedule 13G?
The event that required the filing of this statement occurred on January 9, 2024, according to the 'Date of Event which Requires Filing of this Statement' section.
What is the business address of Power & Digital Infrastructure Acquisition II Corp.?
The business address of Power & Digital Infrastructure Acquisition II Corp. is 321 North Clark Street, Suite 2440, Chicago, IL 60654, as listed under 'BUSINESS ADDRESS'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the checked box in the filing.
Filing Stats: 1,272 words · 5 min read · ~4 pages · Grade level 8.1 · Accepted 2024-01-16 12:53:29
Key Financial Figures
- $0.0001 — suer) Class A common stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- rlh_sc13g.htm (SC 13G) — 41KB
- 0001376474-24-000033.txt ( ) — 43KB
Ownership
Item 4. Ownership See Items 5-9 and 11 of the cover page for each Filer. The information required by Items 4(a) (c) is set forth in Rows (5) (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Certification
Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. 5
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 12, 2024 RLH Capital, LLC By: /s/ Louis Camhi Louis Camhi, Managing Member Date: January 12, 2024 Louis Camhi By: /s/ Louis Camhi Louis Camhi, Managing Member 6 Exhibit I JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Dated: January 12, 2024 RLH Capital, LLC By: /s/ Lou i s Camhi Louis Camhi, Managing Member Louis Camhi By: /s/ Lou i s Camhi Louis Camhi, Managing Member 7