Highbridge Capital Amends Capitalworks SPAC Stake (13G/A)

TL;DR

**Highbridge Capital just updated its stake in Capitalworks SPAC, watch for market reaction.**

AI Summary

Highbridge Capital Management LLC filed an amended Schedule 13G/A on January 19, 2024, indicating a change in their ownership of Capitalworks Emerging Markets Acquisition Corp's Class A Ordinary Shares as of December 31, 2023. This filing, an amendment number 3, updates their previous disclosures regarding their stake in the SPAC, which has a par value of $0.0001 per share. This matters to investors because changes in significant institutional ownership can signal shifts in confidence or strategy regarding the SPAC's future, potentially influencing stock price movements.

Why It Matters

This filing updates Highbridge Capital Management's ownership in Capitalworks Emerging Markets Acquisition Corp, providing transparency on institutional holdings which can impact investor sentiment and stock valuation.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate high-risk event for the company.

Analyst Insight

Investors should monitor subsequent 13G/A filings from Highbridge Capital Management LLC to track changes in their ownership percentage, as significant increases or decreases could signal their evolving outlook on Capitalworks Emerging Markets Acquisition Corp's prospects.

Key Numbers

• $0.0001 — Par Value per Share (The par value of Capitalworks Emerging Markets Acquisition Corp's Class A Ordinary Shares.)
• 3 — Amendment Number (This is the third amendment to the Schedule 13G filing by Highbridge Capital Management LLC.)

Key Players & Entities

• Highbridge Capital Management LLC (company) — the entity filing the SC 13G/A amendment
• Capitalworks Emerging Markets Acquisition Corp (company) — the subject company whose Class A Ordinary Shares are being reported
• $0.0001 (dollar_amount) — the par value per share of the Class A Ordinary Shares
• December 31, 2023 (date) — the date of the event requiring the filing of this statement
• January 19, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Highbridge Capital Management LLC will continue to adjust its stake in Capitalworks Emerging Markets Acquisition Corp based on market conditions and the SPAC's progress towards a de-SPAC transaction. (Highbridge Capital Management LLC) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — r) Class A Ordinary Shares, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• p24-0161sc13ga.htm (SC 13G/A) — 46KB
• 0000902664-24-000401.txt ( ) — 48KB

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is Capitalworks Emerging Markets Acquisition Corp (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 353 Lexington Avenue, Suite 502, New York, NY 10016.

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

(e)

Item 2(e). CUSIP NUMBER: G1889L100 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. G1889L100 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

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