Ming Ni Amends Metalpha Tech Stake, Updates Ownership Details
Ticker: MATH · Form: SC 13D/A · Filed: Jan 22, 2024 · CIK: 1682241
| Field | Detail |
|---|---|
| Company | Metalpha Technology Holding LTD (MATH) |
| Form Type | SC 13D/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, beneficial-ownership
TL;DR
**Insider Ming Ni just updated his Metalpha Technology stake, watch for potential market reaction.**
AI Summary
Ming Ni, a significant shareholder in Metalpha Technology Holding Ltd, filed an Amendment No. 5 to Schedule 13D on January 22, 2024, indicating a change in his beneficial ownership. This filing updates previous disclosures regarding his holdings of Ordinary Shares, Par Value US$0.0001 Per Share, in Metalpha Technology Holding Ltd. This matters to investors because changes in ownership by major shareholders like Ming Ni can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing stock price and market sentiment.
Why It Matters
This filing provides transparency into the holdings of a key insider, Ming Ni, which can influence investor perception and the stock's liquidity.
Risk Assessment
Risk Level: low — This is an informational filing about a change in beneficial ownership, not an event that inherently carries high risk.
Analyst Insight
Investors should review the full filing to understand the specific changes in Ming Ni's beneficial ownership and assess any potential implications for Metalpha Technology Holding Ltd's stock performance.
Key Numbers
- US$0.0001 — Par Value Per Share (The nominal value of each Ordinary Share of Metalpha Technology Holding Ltd)
Key Players & Entities
- Ming Ni (person) — Reporting Person, significant shareholder of Metalpha Technology Holding Ltd
- Metalpha Technology Holding Ltd (company) — Subject Company, issuer of the securities
- US$0.0001 (dollar_amount) — Par Value Per Share of Ordinary Shares
- January 11, 2024 (date) — Date of Event which Requires Filing of this Statement
- January 22, 2024 (date) — Filing Date of the SC 13D/A
Forward-Looking Statements
- Ming Ni's updated ownership details will be closely watched by institutional investors. (Ming Ni) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13D/A filing?
The reporting person in this SC 13D/A filing is Ming Ni, as stated in the 'FILED BY' section and the cover page.
What is the name of the issuer whose securities are the subject of this filing?
The name of the issuer is Metalpha Technology Holding Limited, as specified under 'Name of Issuer' on the Schedule 13D cover page.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Ordinary Shares, Par Value US$0.0001 Per Share, is G28365 107, as listed on the cover page of the Schedule 13D.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was January 11, 2024, as indicated on the cover page.
What type of securities are being reported in this filing?
The securities being reported are 'Ordinary Shares, Par Value US$0.0001 Per Share' of Metalpha Technology Holding Limited, as stated under 'Title of Class of Securities' on the Schedule 13D cover page.
Filing Stats: 840 words · 3 min read · ~3 pages · Grade level 9 · Accepted 2024-01-22 07:56:53
Key Financial Figures
- $0.0001 — f Issuer) Ordinary Shares, Par Value US$0.0001 Per Share (Title of Class of Securiti
Filing Documents
- ea191953-13da5ni_metalpha.htm (SC 13D/A) — 33KB
- 0001213900-24-005071.txt ( ) — 34KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration.
of the Schedule 13D is supplemented by
Item 3 of the Schedule 13D is supplemented by adding the following: In December 2023, the Reporting Person exercised the Consulting Warrants to purchase an aggregate of 2,000,000 Ordinary Shares. On January 11, 2024, the Issuer issued 600,000 Ordinary Shares to the Reporting Person, and the other 1,400,000 Ordinary Shares to unrelated third parties designated by the Reporting Person.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
(e) of the Schedule 13D is amended and restated
Item 5(e) of the Schedule 13D is amended and restated as follows: (e) As of January 11, 2024, the Reporting Person ceased to be the beneficial owner of more than five percent of the outstanding Ordinary Shares. CUSIP No. G28365 107 13D/A Page 5 of 5 Signature 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. Date: January 22, 2024 Ming Ni /s/ Ming Ni