Beryl Capital Management Updates Solidion Tech Stake
Ticker: STI · Form: SC 13G/A · Filed: Feb 8, 2024 · CIK: 1881551
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Beryl Capital Management just updated their stake in Solidion Technology.**
AI Summary
Beryl Capital Management LLC, a Redondo Beach, CA-based investment firm, filed an amended SC 13G/A on February 8, 2024, disclosing its ownership in Solidion Technology Inc. (formerly Nubia Brand International Corp.) as of December 31, 2023. This filing indicates Beryl Capital Management LLC is a significant shareholder, holding a position that requires public disclosure under SEC rules 13d-1(b) and 13d-1(c). This matters to investors because it reveals a notable institutional investor's continued or updated stake in Solidion Technology, potentially signaling confidence or a strategic position in the company's common stock.
Why It Matters
This filing shows that Beryl Capital Management LLC maintains a reportable stake in Solidion Technology Inc., providing transparency into significant institutional ownership.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of ownership and does not inherently indicate new risks, but rather transparency.
Analyst Insight
Investors should note Beryl Capital Management LLC's continued or updated stake in Solidion Technology Inc. as a data point for institutional interest, but should conduct further due diligence on the company's fundamentals and future prospects before making investment decisions.
Key Players & Entities
- Beryl Capital Management LLC (company) — the entity filing the SC 13G/A, reporting its ownership in Solidion Technology Inc.
- Solidion Technology Inc. (company) — the subject company whose common stock is being reported on
- Nubia Brand International Corp. (company) — the former name of Solidion Technology Inc.
- December 31, 2023 (date) — the date of the event which required the filing of this statement
- February 8, 2024 (date) — the date the SC 13G/A was filed
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive investors who own more than 5% of a company's stock. It updates previous disclosures, as indicated by the 'A' for amendment and the 'Amendment No. 2' in the filing title for Solidion Technology Inc.
Who filed this specific SC 13G/A?
This SC 13G/A was filed by Beryl Capital Management LLC, located at 225 Avenue I, Suite 205, Redondo Beach, CA 90277, as per the 'FILED BY' section of the filing.
What company's stock is the subject of this filing?
The subject company is Solidion Technology Inc., formerly known as Nubia Brand International Corp., with its business address at 13355 Noel Road, Suite 1100, Dallas, TX 75240.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Stock, par value $0.0001, of Solidion Technology Inc. is 834212102, as stated in the filing.
Under which SEC rules was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b) and Rule 13d-1(c) of the Securities Exchange Act of 1934, as indicated by the checked boxes on the cover page.
Filing Stats: 1,814 words · 7 min read · ~6 pages · Grade level 8.3 · Accepted 2024-02-08 18:52:56
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 (Title of Class of Securities) 83421
Filing Documents
- nubiu13ga.htm (SC 13G/A) — 65KB
- 0000935836-24-000112.txt ( ) — 67KB
Ownership
Item 4. Ownership. See Items 5-9 and 11 of the cover page for each Filer.
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.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Beryl is the investment adviser to the Funds and other accounts. Beryl is the general partner of Beryl GP, which is the general partner of one or more of the Funds. Mr. Witkin is the control person of Beryl.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group Not applicable.
Material to Be Filed as Exhibits
Item 10. Material to Be Filed as Exhibits Exhibit AJoint Filing Agreement.
Certification of Beryl, Beryl GP and Mr. Witkin
Item 11. Certification of Beryl, Beryl GP and Mr. Witkin. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under § 240.14a-11. Certification of the Partnership. 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, other than activities solely in connection with a nomination under § 240.14a-11. 7 CUSIP No. 834212102 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. Dated:February 8, 2024 BERYL CAPITAL MANAGEMENT LLC BERYL CAPITAL MANAGEMENT LP By: Beryl Capital Management LLC General Partner By: /s/ Andrew Nelson Andrew Nelson By: /s/ Andrew Nelson Chief Operating Officer and CFO Andrew Nelson Chief Operating Officer and CFO BERYL CAPITAL PARTNERS II LP By:Beryl Capital Management LP /s/ David A. Witkin General Partner David A. Witkin By:Beryl Capital Management LLC General Partner By: /s/ Andrew Nelson Andrew Nelson Chief Operating Officer 8 CUSIP No. 834212102 EXHIBIT A AGREEMENT REGARDING JOINT FILING OF STATEMENT ON SCHEDULE 13D OR 13G The undersigned agree to file jointly with the Securities and Exchange Com