Summary by Moomoo AI
On September 20, 2024, Oriental Moon Tree Limited, a holding company based in the British Virgin Islands, filed an amendment to Schedule 13D with the United States Securities and Exchange Commission (SEC), indicating a significant change in its ownership stake in Garden Stage Limited. The filing revealed that Oriental Moon Tree Limited holds approximately 70.4% of Garden Stage's common stock, amounting to 11,000,000 shares. This position is based on the 15,625,000 outstanding shares reported by Garden Stage in its prospectus filed on August 28, 2024. The amendment also detailed recent transactions by Oriental Moon Tree Limited, including the sale of Garden Stage shares on various dates leading up to the filing, with the largest transactions occurring on September 20, 2024, when a total of 471,779 shares were sold at prices ranging from $1.26 to $1.59. The filing indicates that Oriental Moon Tree Limited may review its investment and take actions as deemed appropriate but currently has no plans that would result in major corporate changes or a shift in Garden Stage's business structure.
