Yakira Capital Amends Alpha Star Stake; Ownership Shift Noted

TL;DR

**Yakira Capital updated its stake in Alpha Star, watch for market reaction.**

AI Summary

Yakira Capital Management, Inc. filed an amended SC 13G/A on January 26, 2024, indicating a change in their beneficial ownership of Alpha Star Acquisition Corp. common stock. The filing, triggered by an event on November 14, 2023, shows that Yakira Partners, L.P., a related entity, is the reporting person. This matters to investors because it signals a potential shift in a significant institutional investor's stake, which could influence market perception and trading activity for Alpha Star Acquisition Corp.

Why It Matters

Changes in institutional ownership can signal a shift in confidence or strategy, potentially impacting the stock's liquidity and future price movements.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of ownership, not an event that inherently carries high risk.

Analyst Insight

Investors should monitor subsequent filings from Yakira Capital Management, Inc. or Yakira Partners, L.P. to understand the full extent of their ownership changes and consider if this aligns with their own investment thesis for Alpha Star Acquisition Corp.

Key Players & Entities

• Yakira Capital Management, Inc. (company) — the entity filing the SC 13G/A
• Alpha Star Acquisition Corp. (company) — the subject company whose shares are being reported
• Yakira Partners, L.P. (company) — the reporting person for the beneficial ownership
• NICHOLAS SABATINI (person) — CFO & CCO of Yakira Capital Management, Inc., authorized to receive notices
• November 14, 2023 (date) — date of the event requiring the filing
• January 26, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• eps11108_alsa.htm (SC 13G/A) — 56KB
• 0001584639-24-000009.txt ( ) — 57KB

Filing pursuant to §240.13d-1(b)

Item 3. Filing pursuant to §240.13d-1(b) If this (a) Broker or dealer registered under section 15 of the Act (15 U.S.D. 78o): (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as de fined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) An investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Sec. 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Sec. 240.13d-1(b)(1)(ii)(J). Item 4. Ownership (a) Amount Beneficially Owned: 687,356 shares (b) Percent of Class: 5.60% (c) Number of shares to which the person has: (i) Sole power to vote or to direct the vote: 687,356 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition: 687,356 (iv) Shared power to dispose or to direct the disposition: 0 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 . Item 6. Ownership of More than Five Percent on Behalf of another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Whi

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View this SC 13G/A filing on SEC EDGAR