Saba Capital Amends Welsbach Tech Metals Stake

Ticker: EMAT · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, spac, investor-update

TL;DR

**Saba Capital updated its Welsbach Tech Metals stake, watch for potential shifts in their SPAC strategy.**

AI Summary

Saba Capital Management, L.P. filed an amended SC 13G/A on February 9, 2024, updating its ownership in Welsbach Technology Metals Acquisition Corp. as of December 31, 2023. This filing indicates a change in their beneficial ownership, which is important for investors as Saba Capital is a significant institutional investor known for its SPAC activism. Investors should note this update as it could signal Saba Capital's ongoing strategy or a shift in their position regarding Welsbach Technology Metals Acquisition Corp.'s common stock.

Why It Matters

This filing shows an update to a major institutional investor's stake, which can influence market perception and potentially signal future actions related to Welsbach Technology Metals Acquisition Corp.

Risk Assessment

Risk Level: medium — Changes in significant institutional ownership can introduce volatility or signal underlying issues, making it a medium risk for current or prospective investors.

Analyst Insight

Investors should monitor future filings from Saba Capital Management, L.P. regarding Welsbach Technology Metals Acquisition Corp. to understand any changes in their investment thesis or potential activist intentions, especially given Saba's history with SPACs.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is Saba Capital Management, L.P., located at 405 Lexington Avenue, 58th Floor, New York, NY 10174.

What is the subject company of this filing?

The subject company is Welsbach Technology Metals Acquisition Corp., with a business address at 160 S Craig Place, Lombard, IL 60148.

What is the CUSIP number for the securities reported?

The CUSIP number for the Common Stock, $0.0001 par value of Welsbach Technology Metals Acquisition Corp. is 950415208.

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 31, 2023.

From the Filing

0001062993-24-002636.txt : 20240209 0001062993-24-002636.hdr.sgml : 20240209 20240209085214 ACCESSION NUMBER: 0001062993-24-002636 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 GROUP MEMBERS: BOAZ R. WEINSTEIN GROUP MEMBERS: SABA CAPITAL MANAGEMENT GP, LLC 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93204 FILM NUMBER: 24611544 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: Saba Capital Management, L.P. CENTRAL INDEX KEY: 0001510281 ORGANIZATION NAME: IRS NUMBER: 800361690 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 405 LEXINGTON AVENUE STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 BUSINESS PHONE: 212-542-4635 MAIL ADDRESS: STREET 1: 405 LEXINGTON AVENUE STREET 2: 58TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10174 SC 13G/A 1 formsc13ga.htm FORM SC 13G/A Saba Capital Management, L.P.: Form SC 13G/A - Filed by newsfilecorp.com UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Welsbach Technology Metals Acquisition Corp (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securities) 950415208 (CUSIP Number) December 31, 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)   [X]  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 the disclosures provided in a prior cover page. The information required in 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 ). SCHEDULE 13G/A CUSIP No.           950415208 1 Names of Reporting Persons Saba Capital Management, 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 -0- 6 Shared Voting Power -0- 7 Sole Dispositive Power -0- 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by Each Reporting Person -0- 10 Check box if the aggregate amount in row (9) excludes certain shares (See Instructions) [ ] 11 Percent of class represented by amount in row (9) 0% 12 Type of Reporting Person (See Instructions) PN; IA         Page 2 of 7 SCHEDULE 13G/A CUSIP No.           950415208 1 Names of Reporting Persons Boaz R. Weinstein 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 United States Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power -0- 6 Shared Voting Power -0- 7 Sole Dispositive Power -0- 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by Each Rep

View on Read The Filing