Summary by Moomoo AI
Hudson Bay Capital Management LP and Sander Gerber, collectively referred to as the Reporting Persons, have filed an amended Schedule 13G/A with the SEC, indicating a change in their holdings of Tingo Group, Inc. (formerly known as MICT, Inc.). As of December 31, 2023, the Reporting Persons beneficially own 2,339,798 shares of Tingo Group's common stock, which are issuable upon the exercise of warrants. This represents 0.96% of the company's class of securities, based on 241,952,977 shares outstanding as of November 30, 2023. The filing, dated February 6, 2024, states that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Tingo Group. The Investment Manager is deemed to be the beneficial owner of the shares held by Hudson Bay Master Fund Ltd., while Mr. Gerber, as the managing member of Hudson Bay Capital GP LLC, disclaims beneficial ownership of these securities.
