Cowen Financial Products Holds 200K Shares in Global Partner Acq II
Ticker: SDSTW · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1831979
| Field | Detail |
|---|---|
| Company | Global Partner Acquisition Corp II (SDSTW) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, spac, shareholder-update
TL;DR
**Cowen Financial Products owns 200,000 shares of GPAC, signaling institutional interest.**
AI Summary
Cowen Financial Products LLC, a New York-based financial firm, filed an amended SC 13G/A on February 2, 2024, disclosing its beneficial ownership in Global Partner Acquisition Corp II (GPAC). As of December 29, 2023, Cowen Financial Products LLC holds sole voting and dispositive power over 200,000 shares of GPAC's Common Stock. This filing indicates a significant, though not controlling, stake by a financial institution, which can signal their confidence or strategic interest in the SPAC's future merger or dissolution.
Why It Matters
This filing shows a notable institutional investor's position in Global Partner Acquisition Corp II, which can influence market perception and liquidity for current and potential shareholders.
Risk Assessment
Risk Level: low — This filing is an update on an existing position by an institutional investor and does not indicate any immediate new risks or significant changes in company control.
Analyst Insight
Investors should note the continued institutional interest from Cowen Financial Products LLC, but this filing alone doesn't suggest an immediate buy or sell action. It's a data point for understanding institutional holdings.
Key Numbers
- 200,000 — Shares Beneficially Owned (Represents the total number of shares of Global Partner Acquisition Corp II's Common Stock held by Cowen Financial Products LLC.)
- G3934P102 — CUSIP Number (Unique identifier for Global Partner Acquisition Corp II's Common Stock, confirming the specific security.)
Key Players & Entities
- Cowen Financial Products LLC (company) — the reporting person holding shares
- Global Partner Acquisition Corp II (company) — the issuer whose shares are being reported
- 200,000 (dollar_amount) — number of shares beneficially owned
- December 29, 2023 (date) — date of event requiring the filing
- February 2, 2024 (date) — filing date of the SC 13G/A
Forward-Looking Statements
- Cowen Financial Products LLC will maintain its current stake in Global Partner Acquisition Corp II for the near term. (Cowen Financial Products LLC) — medium confidence, target: Q2 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is Cowen Financial Products LLC, as stated in the 'NAME OF REPORTING PERSON' section and the 'FILED BY' section of the filing.
What is the name of the issuer whose securities are being reported?
The issuer is Global Partner Acquisition Corp II, as identified under 'Name of Issuer' and 'SUBJECT COMPANY' in the filing.
How many shares of Common Stock does Cowen Financial Products LLC beneficially own?
Cowen Financial Products LLC beneficially owns 200,000 shares of Common Stock, as indicated in 'NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH SOLE VOTING POWER' and 'SOLE DISPOSITIVE POWER'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 29, 2023, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the 'X' next to '[X] Rule 13d-1(c)'.
Filing Stats: 919 words · 4 min read · ~3 pages · Grade level 8.5 · Accepted 2024-02-02 12:24:57
Filing Documents
- gpaca1_20224.htm (SC 13G/A) — 25KB
- 0001085146-24-000644.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: Global Partners Acquisition Corp II-A
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 200 Park Ave 32nd floor New York, NY 10166
(a)
ITEM 2(a). NAME OF PERSON FILING: Cowen Financial Products LLC
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 599 Lexington Ave. New York, NY 10022
(c)
ITEM 2(c). CITIZENSHIP: USA
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock
(e)
ITEM 2(e). CUSIP NUMBER: G3934P102 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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 (15 U.S.C. 78c); (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 adviser 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 associations 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 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 200,000 (b) Percent of class: 5.09% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Cowen Financial Products LLC : 200,000 (ii) shared power to vote or to direct the vote: Cowen Financial Products LLC : (iii) sole power to dispose or direct the disposition of: Cowen Financial Products LLC : 200,000 (iv) shared power to dispose or to direct the disposition of: Cowen Financial Products LLC : ITEM 5. If this statement is being filed to report the fact that as of the date her