Yakira Partners Discloses Passive Stake in Welsbach Tech Metals

TL;DR

**Yakira Partners just revealed a passive stake in WTMA, a bullish sign without activist drama.**

AI Summary

Yakira Partners, L.P. has reported an ownership stake in Welsbach Technology Metals Acquisition Corp. (WTMA) as of March 28, 2023, according to an SC 13G filing on January 26, 2024. This filing indicates that Yakira Partners, L.P. is a passive investor, meaning they don't intend to influence the company's management or operations. For investors, this means a significant institutional holder believes in WTMA's potential, but their passive stance suggests no immediate shake-ups or activist pressure are expected.

Why It Matters

This filing reveals a new institutional investor, Yakira Partners, L.P., has taken a position in Welsbach Technology Metals Acquisition Corp., signaling potential confidence in the company's future without indicating any activist intent.

Risk Assessment

Risk Level: low — The filing indicates a passive investment, which generally poses a low risk of immediate disruptive changes to the company's operations or stock price due to this specific investor.

Analyst Insight

An investor should note the presence of an institutional holder like Yakira Partners, L.P., as it can add legitimacy, but understand their passive role means no immediate strategic shifts are expected from this specific filing. Further research into WTMA's fundamentals and other institutional holdings would be prudent.

Key Players & Entities

• Yakira Partners, L.P. (company) — reporting person and investor
• Welsbach Technology Metals Acquisition Corp. (company) — subject company (issuer)
• Nicholas Sabatini (person) — CFO & CCO of Yakira Capital Management, Inc., authorized to receive notices
• March 28, 2023 (date) — date of event requiring the filing
• January 26, 2024 (date) — filing date

Forward-Looking Statements

• Yakira Partners, L.P. will maintain a passive investment stance in Welsbach Technology Metals Acquisition Corp. (Yakira Partners, L.P.) — high confidence, target: Next 12 months

FAQ

From the Filing

0001584639-24-000008.txt : 20240126 0001584639-24-000008.hdr.sgml : 20240126 20240126083336 ACCESSION NUMBER: 0001584639-24-000008 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Welsbach Technology Metals Acquisition Corp. CENTRAL INDEX KEY: 0001866226 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 871006702 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93204 FILM NUMBER: 24564294 BUSINESS ADDRESS: STREET 1: 160 S CRAIG PLACE CITY: LOMBARD STATE: IL ZIP: 60148 BUSINESS PHONE: 6309307053 MAIL ADDRESS: STREET 1: 160 S CRAIG PLACE CITY: LOMBARD STATE: IL ZIP: 60148 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Yakira Capital Management, Inc. CENTRAL INDEX KEY: 0001584639 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 1555 POST ROAD EAST STREET 2: SUITE 202 CITY: WESTPORT STATE: CT ZIP: 06880 BUSINESS PHONE: (203) 341-0606 MAIL ADDRESS: STREET 1: 1555 POST ROAD EAST STREET 2: SUITE 202 CITY: WESTPORT STATE: CT ZIP: 06880 FORMER COMPANY: FORMER CONFORMED NAME: BK Management I, Inc. DATE OF NAME CHANGE: 20130819 SC 13G 1 eps11108_wtma.htm 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* Welsbach Technology Metals Acquisition Corp. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securities) 950415109 (CUSIP Number) NICHOLAS SABATINI, CFO & CCO; 1555 POST ROAD EAST, SUITE 202, WESTPORT, CT 06880; (203) 341-0702 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 28, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☑ Rule 13d-1(b) ☐ Rule 13d-1(c) ☐ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 950415109 13G Page 2 of 8 1. NAMES OF REPORTING PERSONS Yakira Partners, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 27,435 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 27,435 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,435 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.46% 12. TYPE OF REPORTING PERSON (see instructions) PN CUSIP No. 950415109 13G Page 3 of 8 1. NAMES OF REPORTING PERSONS Yakira Enhanced Offshore Fund Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ☐ (b) ☐ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 2,195 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 2,195 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING