Interesting that Yorkville may now hold 9.99% of Twin Ridge stock. One would assume they would want the deal to get up given they stand to benefit from the CEF. Yorkville lodged their substantial notice on the same day the deal with Carbon Rev was announced (30/11/22):
https://fintel.io/so/us/trca/yorkville-advisors-global-lp
The following notice indicates that at that time they held 15,000 common shares with a 60 day period to acquire the additional 2,348,351 shares:
https://www.sec.gov/Archives/edgar/data/1838613/000110465922123231/tm2231685d1_sc13g.htm
TRCA is a thinly traded stock however historical volume of TRCA shares traded on NYSE over that period indicates this could have occurred:
https://www.nyse.com/quote/XNYS:TRCA
According to the below, Twin Ridge Capital Sponsor owns 32.87% of TRCA shares on issue and with Yorkville added it is just below 50% of shares on issue by my calculation. Assuming bridging finance gets resolved, interested how this could impact the redemption outcome. All IMO & DYOR
https://fintel.io/so/us/trca?utm_so...-capital-acquisition-ordinary-shares-trca-254
