NexPoint Fund Takes 12.9% Stake in Energem Corp

TL;DR

**NexPoint Merger Arbitrage Fund just revealed a 12.9% stake in Energem Corp, holding 225,000 shares.**

AI Summary

NEXPOINT MERGER ARBITRAGE FUND, a Delaware-based entity, has disclosed a significant stake in Energem Corp, holding 225,000 Class A Ordinary Shares, representing 12.9% of the company's outstanding shares as of November 2023. This filing, dated February 2, 2024, indicates that NexPoint has shared voting and dispositive power over these shares. This matters to investors because a large institutional holder taking a substantial position can signal confidence in the company's future, potentially influencing stock price and future strategic decisions.

Why It Matters

A major institutional investor like NexPoint Merger Arbitrage Fund acquiring a significant stake can be seen as a vote of confidence, potentially attracting other investors and impacting Energem Corp's stock valuation.

Risk Assessment

Risk Level: low — This filing indicates a significant institutional investment, which generally reduces perceived risk for a company.

Analyst Insight

A smart investor would research Energem Corp's fundamentals and recent news, considering this significant institutional investment as a potential positive signal, but not the sole basis for an investment decision.

Key Numbers

• 225,000 — Class A Ordinary Shares (beneficially owned by NexPoint Merger Arbitrage Fund)
• 12.9% — Percent of Class (represented by NexPoint Merger Arbitrage Fund's ownership in Energem Corp)
• 1,745,007 — Class A Ordinary Shares outstanding (as of November 2023, used to calculate the percentage of class)
• May 2, 2023 — Date of Event (when the filing requirement was triggered)
• February 2, 2024 — Filing Date (when the SC 13G was filed)

Key Players & Entities

• NEXPOINT MERGER ARBITRAGE FUND (company) — reporting person and beneficial owner of shares
• Energem Corp (company) — the issuer of the securities
• James D. Dondero (person) — associated with the filing entity
• NEXPOINT ASSET MANAGEMENT, L.P. (company) — group member
• $0.0001 (dollar_amount) — par value per Class A Ordinary Share

Forward-Looking Statements

• Energem Corp's stock price may see increased stability or upward pressure due to institutional confidence. (Energem Corp) — medium confidence, target: next 3-6 months
• NexPoint Merger Arbitrage Fund will maintain its significant stake in Energem Corp. (NEXPOINT MERGER ARBITRAGE FUND) — medium confidence, target: next 12 months

FAQ

Key Financial Figures

• $0.0001 — er) Class A Ordinary Shares, par value $0.0001 per share, underlying the units (Titl

Filing Documents

• jdond20240130_sc13g.htm (SC 13G) — 98KB
• 0001437749-24-002968.txt ( ) — 99KB

(a)

Item 1(a) Name of Issuer. Energem Corp.

(b)

Item 1(b) Address of Issuer ' s Principal Executive Offices. Level 3, Tower 11, Avenue 5, No. 8, Jalan Kerinchi, Bangsar South Wilayah Persekutuan Kuala Lumpur, Malaysia

(a)

Item 2(a) Name of Person Filing. NexPoint Merger Arbitrage Fund NexPoint Asset Management, L.P. James D. Dondero

(b)

Item 2(b) Address of Principal Business Office, or, if none, Residence. 300 Crescent Court, Suite 700 Dallas, Texas 75201

(c)

Item 2(c) Citizenship or Place of Organization. NexPoint Merger Arbitrage Fund is a Delaware Statutory Trust. NexPoint Asset Management, L.P. is a Delaware limited partnership. James D. Dondero is a United States citizen.

(d)

Item 2(d) Title of Class of Securities. Common Stock, par value $0.0001 per share

(e)

Item 2(e) CUSIP Number. G30449113 CUSIP No. G30449113 13G Page 6 of 9 Item 3 Reporting Person. 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) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 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) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4 (a) Amount beneficially owned: NexPoint Merger Arbitrage Fund: 225,000 shares NexPoint Asset Management, L.P.: 225,000 shares James D. Dondero: 225,000 shares (b) Percent of Class: NexPoint Merger Arbitrage Fund: 12.9% NexPoint Asset Management, L.P.: 12.9% CUSIP No. G30449113 13G Page 7 of 9 James D. Dondero: 12.9% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: NexPoint Merger Arbitrage Fund: 0 shares NexPoint Asset Management, L.P.: 0 shares James D. Dondero: 0 shares (ii) Shared power to vote or direct the vote: NexPoint Merger Arbitrage Fund: 225,000 shares NexPoint Asset Management, L.P.: 225,000 shares James D. Dondero: 225,000 shares (iii) Sole power to dispose or to direct the disposition of: NexPoint Merger Arbitrage Fund: 0 shares NexP

View Full Filing

View this SC 13G filing on SEC EDGAR