Yakira Capital Amends Energem Corp. Ownership Filing
Ticker: GTIJF · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 1879373
Complexity: simple
Sentiment: neutral
Topics: ownership-change, institutional-investor, amendment
TL;DR
**Yakira Capital is no longer reporting as a group for Energem Corp shares.**
AI Summary
Yakira Capital Management, Inc. and its affiliates, including Yakira Partners, L.P., filed an amended SC 13G/A on January 26, 2024, for Energem Corp (G30449105). This filing indicates a change in their beneficial ownership, specifically that they are no longer reporting as a group. This matters to investors because it suggests a potential shift in the collective influence or strategy of these entities regarding Energem Corp, which could impact future stock performance or corporate actions.
Why It Matters
This filing signals a change in how Yakira Capital Management and its affiliates are reporting their ownership in Energem Corp, potentially indicating a shift in their investment strategy or collective influence.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report and does not indicate any immediate material risk to the company or its investors.
Analyst Insight
Investors should note the change in reporting status by Yakira Capital Management and its affiliates, as it could signal a shift in their collective investment approach to Energem Corp, though no immediate action is necessarily required.
Key Players & Entities
- Energem Corp (company) — the subject company of the filing
- Yakira Capital Management, Inc. (company) — the reporting person filing the amendment
- Yakira Partners, L.P. (company) — an affiliated reporting person
- Nicholas Sabatini (person) — CFO & CCO of Yakira Capital Management, Inc.
FAQ
What is the purpose of this SC 13G/A filing by Yakira Capital Management, Inc.?
This SC 13G/A is an amendment (Amendment No. 1) to a previous Schedule 13G filing, indicating an update to their beneficial ownership information for Energem Corp, specifically noting a change in their reporting status as a group.
When was the event that triggered this filing, according to the document?
The 'Date of Event which Requires Filing of this Statement' is listed as August 15, 2023.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
The filing indicates it is filed under Rule 13d-1(b), as designated by the checked box in the document.
Who is the person authorized to receive notices and communications for Yakira Capital Management, Inc. regarding this filing?
Nicholas Sabatini, CFO & CCO, located at 1555 Post Road East, Suite 202, Westport, CT 06880, with telephone number (203) 341-0702, is authorized to receive notices.
What is the CUSIP number for Energem Corp's Common Stock, as stated in the filing?
The CUSIP number for Energem Corp's Common Stock is G30449105.
Filing Stats: 1,191 words · 5 min read · ~4 pages · Grade level 7.3 · Accepted 2024-01-26 08:49:18
Filing Documents
- eps11108_encp.htm (SC 13G/A) — 56KB
- 0001584639-24-000012.txt ( ) — 58KB
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: 140,000 shares (b) Percent of Class: 8.02% (c) Number of shares to which the person has: (i) Sole power to vote or to direct the vote: 140,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition: 140,000 (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
Certification
Item 10. Certification By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above 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. 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. January 26, 2024 Date YAKIRA CAPITAL MANAGEMENT, INC /s/ Nicholas Sabatini Authorized Signatory