Yakira Capital Amends HWH International Stake on Jan 9
Ticker: HWH · Form: SC 13G/A · Filed: Jan 11, 2024 · CIK: 1897245
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, holding-update
TL;DR
**Yakira Capital updated its HWH International ownership, signaling continued institutional interest.**
AI Summary
Yakira Capital Management, Inc. filed an amended SC 13G/A on January 11, 2024, indicating a change in their beneficial ownership of HWH International Inc. (formerly Alset Capital Acquisition Corp.) Class A Common Stock. This filing, an amendment to a previous disclosure, shows that Yakira Capital Management continues to hold a significant stake in HWH International, a wholesale drug company. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future.
Why It Matters
This filing updates the public on Yakira Capital Management's ownership in HWH International, providing transparency on institutional investor activity which can impact stock perception and trading volume.
Risk Assessment
Risk Level: low — This is an amendment to a routine disclosure, indicating no immediate new risks but rather an update on an existing institutional holding.
Analyst Insight
Investors should note that Yakira Capital Management, a significant institutional holder, continues to be invested in HWH International. While this filing doesn't reveal a change in strategy, it confirms their ongoing presence, which can be a factor in assessing the stock's institutional support.
Key Players & Entities
- Yakira Capital Management, Inc. (company) — the entity filing the SC 13G/A, reporting beneficial ownership
- HWH International Inc. (company) — the subject company whose Class A Common Stock is being reported
- Alset Capital Acquisition Corp. (company) — the former name of HWH International Inc.
- Nicholas Sabatini (person) — CFO & CCO of Yakira Capital Management, authorized to receive notices
- January 9, 2024 (date) — the date of the event requiring this filing
Forward-Looking Statements
- Yakira Capital Management will maintain a significant, non-activist stake in HWH International Inc. for the foreseeable future. (Yakira Capital Management, Inc.) — medium confidence, target: 2025-01-09
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that an institutional investor, like Yakira Capital Management, Inc., has updated its beneficial ownership stake in a public company, HWH International Inc., and is not seeking to control the company.
Who is the reporting person in this filing?
The reporting person is Yakira Capital Management, Inc., located at 1555 Post Road East, Suite 202, Westport, CT 06880.
What is the subject company of this filing, and what was its former name?
The subject company is HWH International Inc., whose former name was Alset Capital Acquisition Corp. The name change occurred on December 3, 2021.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Class A Common Stock, par value $0.0001 per share, of HWH International Inc. is 02115M109.
When was the event that required this amendment filing?
The date of the event which required the filing of this statement was January 9, 2024.
Filing Stats: 1,210 words · 5 min read · ~4 pages · Grade level 7.1 · Accepted 2024-01-10 18:41:15
Key Financial Figures
- $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- tm242610d2_sc13ga.htm (SC 13G/A) — 62KB
- 0001104659-24-003057.txt ( ) — 64KB
Ownership
Item 4. Ownership (a) Amount Beneficially Owned: 0 shares (b) Percent of Class: 0.00% (c) Number of shares to which the 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: 0 (iv) Shared power to dispose or to direct the disposition: 0
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 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable CUSIP No. 02115M109 13G Page 7 of 8
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. 02115M109 13G Page 8 of 8
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 10, 2024 Date YAKIRA CAPITAL MANAGEMENT, INC /s/ Nicholas Sabatini Authorized Signatory