Weiss Asset Mgmt Holds 9.99M Shares in Capitalworks SPAC

TL;DR

**Weiss Asset Management still owns nearly 10 million shares of Capitalworks SPAC.**

AI Summary

Weiss Asset Management LP filed an amended Schedule 13G/A on January 26, 2024, indicating their ownership of 9,998,396 Class A ordinary shares of Capitalworks Emerging Markets Acquisition Corp as of December 31, 2023. This filing updates their previous disclosure, showing a significant stake in the SPAC. For investors, this matters because Weiss Asset Management is a notable institutional investor, and their continued large position suggests confidence in the SPAC's potential to complete a successful business combination.

Why It Matters

This filing shows a major institutional investor, Weiss Asset Management LP, maintains a substantial stake in Capitalworks Emerging Markets Acquisition Corp, signaling their continued belief in the SPAC's future prospects.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative or positive events for the company.

Analyst Insight

An investor should note that a prominent institutional investor maintains a large position, which could be seen as a vote of confidence, but should still conduct their own due diligence on Capitalworks Emerging Markets Acquisition Corp's progress towards a business combination.

Key Numbers

• 9,998,396 — Class A ordinary shares owned (This is the total number of shares Weiss Asset Management LP holds in Capitalworks Emerging Markets Acquisition Corp as of December 31, 2023.)
• December 31, 2023 — Date of Event (This is the snapshot date for the reported share ownership.)
• January 26, 2024 — Filing Date (This is when the amended Schedule 13G/A was officially filed with the SEC.)

Key Players & Entities

• Weiss Asset Management LP (company) — the institutional investor filing the SC 13G/A
• Capitalworks Emerging Markets Acquisition Corp (company) — the subject company whose shares are being reported
• 9,998,396 (dollar_amount) — the number of Class A ordinary shares owned by Weiss Asset Management LP
• December 31, 2023 (date) — the date of the event requiring the filing
• $0.0001 (dollar_amount) — the par value per Class A ordinary share

Forward-Looking Statements

• Weiss Asset Management LP will likely maintain a significant stake in Capitalworks Emerging Markets Acquisition Corp. (Weiss Asset Management LP) — medium confidence, target: Q2 2024
• Capitalworks Emerging Markets Acquisition Corp will continue its efforts to identify a suitable business combination target. (Capitalworks Emerging Markets Acquisition Corp) — high confidence, target: Q3 2024

FAQ

Key Financial Figures

• $0.0001 — r) Class A ordinary shares, par value $0.0001 per share ----------------------------

Filing Documents

• cmca13ga31dec2023.htm (SC 13G/A) — 90KB
• 0001357550-24-000009.txt ( ) — 92KB

IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B), CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or Dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined 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) [X] Investment Adviser registered under section 203 of the Investment Advisers Act or under the laws of any State (f) [ ] Employee Benefit Plan, Pension fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Section 240.13d-1(b)(1)(ii)(F) (g) [X] A Parent Holding Company or control person, in accordance with Section 240.13d-1(b)(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) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(J) CUSIP NO. G1889L100 SCHEDULE 13G/A PAGE 6 of 2 PAGES

OWNERSHIP

ITEM 4. OWNERSHIP WEISS ASSET MANAGEMENT* (a) Amount Beneficially Owned: 0 ------------------------------------------- (b) Percent of Class: 0.00% ---------------------------------------------------- (c) Number of shares as to which such person has: (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 ---------- WAM GP* (a) Amount Beneficially Owned: 0 ------------------------------------------- (b) Percent of Class: 0.00% ---------------------------------------------------- (c) Number of shares as to which such person has: (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 ---------- ANDREW M. WEISS, PH.D.* (a) Amount Beneficially Owned: 0 ------------------------------------------- (b) Percent of Class: 0.00% ---------------------------------------------------- (c) Number of shares as to which such person has: (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 ----------- ----------------------- * Weiss Asset Management is the sole investment manager to a private investment partnership, (the "Partnership") and private investment funds ("Funds"). WAM GP is the sole general partner of Weiss Asset Management. Andrew Weiss is the managing member of WAM GP. Shares reported for WAM GP, Andrew Weiss and Weiss Asse

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 [X].

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

IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON See Item 4.

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 CUSIP NO. G1889L100 SCHEDULE 13G/A PAGE 8 of 2 PAGES

CERTIFICATION

ITEM 10. CERTIFICATION By signing below I certify that, to the best of my 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.

MATERIALS TO BE FILED AS EXHIBITS

ITEM 11. MATERIALS TO BE FILED AS EXHIBITS Exhibit 1 Joint Filing Agreement SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct. Dated: January 26, 2024 WEISS ASSET MANAGEMENT LP By: /s/ Mary Ferruolo ----------------------------------- Mary Ferruolo, Authorized Signatory WAM GP LLC By: /s/ Mary Ferruolo ----------------------------------- Mary Ferruolo, Authorized Signatory ANDREW M. WEISS, PH.D. By: /s/ Mary Ferruolo ----------------------------------- Mary Ferruolo, Attorney-in-Fact for Andrew Weiss*** _____ *** Duly authorized under Power of Attorney incorporated herein by reference to the exhibit to the Form 13G/A filed by Weiss Asset Management LP on February 3, 2023 in respect of its holding in DEEP MEDICINE ACQUISITION CORP. CUSIP NO. G1889L100 SCHEDULE 13G/A PAGE 9 of 2 PAGES Exhibit 1 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, Weiss Asset Management LP, WAM GP LLC, and Andrew M. Weiss, hereby agree to the joint filing on behalf of each of them of a statement on Schedule 13G and/or 13D (including any and all amendments thereto) with respect to the Class A ordinary shares, par value $0.0001 per share of CAPITALWORKS EMERGING MARKETS ACQUISITION CORP, and further agree that this Joint Filing Agreement, as may be amended from time to time, shall be included as an Exhibit to such joint filings. The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and/or 13D and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such infor

View Full Filing

View this SC 13G/A filing on SEC EDGAR