Highbridge Capital Amends Investcorp India SPAC Stake

TL;DR

**Highbridge Capital updated its holdings in Investcorp India Acquisition Corp, signaling a potential shift in institutional interest.**

AI Summary

Highbridge Capital Management LLC has updated its ownership stake in Investcorp India Acquisition Corp, a 'blank check' company, as of December 31, 2023. This amendment (SC 13G/A) indicates a change in their previously reported holdings of Class A Ordinary Shares, which have a par value of $0.0001 per share. This matters to investors because significant changes in institutional ownership can signal shifts in confidence or strategy regarding the SPAC's potential future merger target.

Why It Matters

Changes in institutional ownership can influence a stock's perceived value and liquidity, especially for SPACs like Investcorp India Acquisition Corp, which are still seeking a merger target.

Risk Assessment

Risk Level: medium — Changes in institutional ownership for a SPAC can indicate evolving sentiment about its prospects, which carries inherent risks given the speculative nature of SPACs.

Analyst Insight

Investors should monitor subsequent filings from Highbridge Capital Management LLC and other institutional investors to gauge evolving sentiment towards Investcorp India Acquisition Corp, especially as it approaches a potential de-SPAC transaction.

Key Numbers

• $0.0001 — Par Value per Share (The nominal value of each Class A Ordinary Share of Investcorp India Acquisition Corp.)
• 20231231 — Date of Event (The specific date that triggered the requirement for Highbridge Capital Management LLC to file this amendment.)

Key Players & Entities

• Highbridge Capital Management LLC (company) — the entity filing the SC 13G/A, reporting its ownership
• Investcorp India Acquisition Corp (company) — the subject company whose shares are being reported
• $0.0001 (dollar_amount) — par value per share of Class A Ordinary Shares
• December 31, 2023 (date) — the date of the event requiring the filing
• 0001852889 (company) — Central Index Key (CIK) for Investcorp India Acquisition Corp
• 0000919185 (company) — Central Index Key (CIK) for Highbridge Capital Management LLC

Forward-Looking Statements

• Highbridge Capital Management LLC may be adjusting its investment strategy in SPACs. (Highbridge Capital Management LLC) — medium confidence, target: Q2 2024
• Investcorp India Acquisition Corp's stock price could see minor fluctuations based on institutional investor sentiment. (Investcorp India Acquisition Corp) — low confidence, target: Q1 2024

FAQ

Key Financial Figures

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

Filing Documents

• p23-0325sc13ga.htm (SC 13G/A) — 47KB
• 0000902664-24-000961.txt ( ) — 49KB

(a)

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

(b)

Item 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at Century Yard, Cricket Square, Elgin Avenue, PO Box 1111, George Town, Grand Cayman, Cayman Islands KY1-1102.

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

(e)

Item 2(e). CUSIP NUMBER: G49219101 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), (f) ¨ Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), CUSIP No. G49219101 13G/A Page 4 of 6 Pages (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 T

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: February 2, 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