Highbridge Capital Trims Anghami Stake to 4.9% as of Dec 31, 2023

TL;DR

**Highbridge Capital Management now owns 4.9% of Anghami, down from a previous undisclosed stake.**

AI Summary

Highbridge Capital Management, LLC, a Delaware-organized investment firm, has updated its ownership stake in Anghami Inc. (NASDAQ: ANGH), a communication services company based in Dubai. As of December 31, 2023, Highbridge reported owning 1,000,000 Ordinary Shares of Anghami, representing 4.9% of the company's outstanding shares. This is an amendment to a previous filing, indicating a change in their position, which is important for investors to track as it reflects a significant institutional investor's evolving confidence in Anghami's future.

Why It Matters

This filing shows a major institutional investor, Highbridge Capital Management, has adjusted its stake in Anghami, which can signal their updated view on the company's prospects and potentially influence other investors.

Risk Assessment

Risk Level: medium — A reduction in stake by a significant institutional investor like Highbridge Capital Management could be perceived negatively by the market, indicating a potential lack of confidence.

Analyst Insight

Investors should monitor Anghami Inc.'s stock performance and look for further institutional ownership changes in upcoming filings to gauge broader market sentiment. While Highbridge still holds a significant stake, the amendment suggests a re-evaluation.

Key Numbers

• 1,000,000 — Ordinary Shares (Total shares beneficially owned by Highbridge Capital Management, LLC in Anghami Inc.)
• 4.9% — Ownership Percentage (Percentage of Anghami Inc.'s outstanding shares owned by Highbridge Capital Management, LLC.)
• December 31, 2023 — Reporting Date (The date as of which the ownership stake is reported.)

Key Players & Entities

• Highbridge Capital Management, LLC (company) — the reporting person and institutional investor
• Anghami Inc. (company) — the subject company whose shares are being reported
• 1,000,000 (dollar_amount) — number of Ordinary Shares beneficially owned by Highbridge Capital Management, LLC
• 4.9% (dollar_amount) — percentage of Anghami Inc.'s class of securities beneficially owned by Highbridge Capital Management, LLC
• December 31, 2023 (date) — the date of the event requiring this filing
• Delaware (company) — place of organization for Highbridge Capital Management, LLC

Forward-Looking Statements

• Other institutional investors might re-evaluate their positions in Anghami Inc. following Highbridge Capital Management's adjusted stake. (Anghami Inc.) — medium confidence, target: Q1 2024
• Anghami Inc.'s stock price could experience short-term volatility as the market digests this institutional ownership change. (Anghami Inc.) — medium confidence, target: February 2024

FAQ

Key Financial Figures

• $0.0001 — c. (Name of Issuer) Ordinary Shares, $0.0001 par value per share (Title of Class of

Filing Documents

• p24-0182sc13ga.htm (SC 13G/A) — 47KB
• 0000902664-24-000413.txt ( ) — 48KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Anghami Inc. (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 16 th Floor, Al-Khatem Tower, WeWork Hub71, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.

(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 Ordinary Shares (as defined in Item 2(d) below) issuable upon exercise of warrants directly held by the Highbridge Funds. The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Act, the beneficial owner of the Ordinary Shares issuable upon exercise of the warrants reported herein.

(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: Ordinary Shares, $0.0001 par value per share (the " Ordinary Shares ").

(e)

Item 2(e). CUSIP NUMBER: G0369L101 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, CUSIP No. G069L101 13G/A Page 4 of 6 Pages (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), (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. The percentage set forth herein is calculated based upon 27,654,641 Ordinary Shares outstanding as of November 20, 2023, as reported in Exhibit 99.1 to the Company's Report of Foreign Issuer on Form 6-K filed with the Securities and Exchange Commission on November 24, 2023. 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 securi

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

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View this SC 13G/A filing on SEC EDGAR