Summary by Futu AI
On May 31, 2024, Walleye Capital LLC, an investment adviser based in Minnesota, filed an amendment to the Schedule 13G with the United States Securities and Exchange Commission, indicating a significant ownership stake in SRIVARU Holding Limited. The filing, which is a regulatory requirement for parties owning more than five percent of a company's shares, shows that Walleye Capital LLC holds 3,046,556 ordinary shares of SRIVARU Holding, representing 8.10% of the company. This stake includes 2,771,761 ordinary shares and an additional 274,795 shares that could be acquired within 60 days upon the exercise of warrants at $11.50 per share. The percentage reported is based on the total number of outstanding shares as of April 30, 2024, plus the shares obtainable from warrants. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of SRIVARU Holding.