Magnetar Financial Exits Airship AI Holdings Stake

TL;DR

**Magnetar Financial just dumped all its Airship AI stock.**

AI Summary

Magnetar Financial LLC, a major investment firm, has filed an exit amendment to its Schedule 13G, indicating they no longer hold a reportable stake in Airship AI Holdings, Inc. as of December 31, 2023. This means Magnetar Financial LLC, along with its affiliates Magnetar Capital Partners LP and Supernova Management LLC, has sold off its shares of Airship AI Holdings, Inc. common stock. For investors, this matters because a significant institutional holder has exited its position, which could signal a loss of confidence or a strategic portfolio reallocation, potentially impacting the stock's future performance.

Why It Matters

A major institutional investor, Magnetar Financial LLC, has sold its entire stake in Airship AI Holdings, Inc., which could remove a significant buyer from the market and potentially put downward pressure on the stock.

Risk Assessment

Risk Level: medium — The exit of a large institutional investor like Magnetar Financial LLC can signal a lack of confidence and potentially lead to increased selling pressure on the stock.

Analyst Insight

A smart investor would monitor Airship AI Holdings, Inc.'s stock performance closely for any signs of increased selling pressure or a decline in institutional ownership, and consider the implications of Magnetar Financial LLC's exit on future investor confidence before making new investment decisions.

Key Players & Entities

• Magnetar Financial LLC (company) — the reporting person exiting its stake in Airship AI Holdings, Inc.
• Airship AI Holdings, Inc. (company) — the subject company whose securities were held by Magnetar Financial LLC
• Magnetar Capital Partners LP (company) — a group member associated with Magnetar Financial LLC
• Supernova Management LLC (company) — a group member associated with Magnetar Financial LLC
• David J. Snyderman (person) — a group member associated with Magnetar Financial LLC

Forward-Looking Statements

• Airship AI Holdings, Inc. stock price may experience downward pressure due to the exit of a significant institutional investor. (Airship AI Holdings, Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tm243910d7_sc13ga.htm (SC 13G/A) — 120KB
• tm243910d7_ex99-1.htm (EX-99.1) — 9KB
• tm243910d7_ex99-2.htm (EX-99.2) — 5KB
• 0001104659-24-006518.txt ( ) — 135KB

(a) Name of Issuer

Item 1(a) Name of Issuer. AIRSHIP AI HOLDINGS, INC. (the “Issuer”)

(b) Address of Issuer's Principal Executive Offices

Item 1(b) Address of Issuer's Principal Executive Offices. 8210 154 th Ave NE Redmond, WA 98052

(a) Name of Person Filing

Item 2(a) Name of Person Filing. This statement is filed on behalf of each of the following person (collectively, the “Reporting Persons”): i) Magnetar Financial LLC (“Magnetar Financial”); ii) Magnetar Capital Partners LP (Magnetar Capital Partners”); iii) Supernova Management LLC (“Supernova Management”); and iv) David J. Snyderman (“Mr. Snyderman”). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds’ accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The manager of Supernova Management is Mr. Snyderman.

(b) Address of Principal Business Office

Item 2(b) Address of Principal Business Office. The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13 th Floor, Evanston, Illinois 60201.

(c) Place of Organization

Item 2(c) Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.

(d) Title of Class of Securities

Item 2(d) Title of Class of Securities. Common Stock

(e) CUSIP Number

Item 2(e) CUSIP Number. 008940108

Reporting Person

Item 3 Reporting Person. (e) An investment adviser in accordance with §240.13d–1(b)(1)(ii)(E) (g) A parent holding company or control person in accordance with §240.13d–1(b)(1)(ii)(G)

(a) Amount Beneficially Owned

Item 4(a) Amount Beneficially Owned: As of December 31, 2023, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 0 Shares. The Shares held by the Magnetar Funds represent approximately 0.00% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).

(b) Percent of Class

Item 4(b) Percent of Class: (i) As of December 31, 2023, each of Reporting Persons were deemed to be the beneficial owner constituting approximately 0.00% of the total number of Shares outstanding (based upon the information provided by the Issuer in its Form 8-K filed with the SEC on December 28, 2023, there were approximately 27,279,103 Shares outstanding as of December 21, 2023).

(c) Number of Shares of which such person has

Item 4(c) Number of Shares of which such person has: Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote : 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0

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 5 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. This Item 6 is not applicable. Item 7 Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company. This Item 7 is not applicable.

Identification and Classification of Members of the Group

Item 8 Identification and Classification of Members of the Group. This Item 8 is not applicable.

Notice of Dissolution of Group

Item 9 Notice of Dissolution of Group. This Item 9 is not applicable.

Certification

Item 10 Certification. By signing below the Reporting Persons certifies that, to the best of their 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. SIGNATURE 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 25, 2024 magnetar financial llc By: Magnetar Capital Partners LP, its Sole Member By: Supernova Management LLC, its General Partner By: /s/ Hayley A. Stein Name: Hayley A. Stein Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC Date: January 25, 2024 magnetar capital partners LP By: Supernova Management LLC, its General Partner By: /s/ Hayley A. Stein Name: Hayley A. Stein Title: Attorney-in-fact for David J. Snyderman, Manager of Supernova Management LLC Date: January 25, 2024 supernova management llc By: /s/ Hayley A. Stein Name: Hayley A. Stein Title: Attorney-in-fact for David J. Snyderman, Manager Date: January 25, 2024 DAVID J. SNYDERMAN By: /s/ Hayley A. Stein Name: Hayley A. Stein Title: Attorney-in-fact for David J. Snyderman EXHIBIT INDEX Exhibit No. Description 99.1 Joint Filing Agreement, dated as of January 25, 2024, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on January 25, 2024.

View Full Filing

View this SC 13G/A filing on SEC EDGAR