Summary by Futu AI
On June 28, 2024, Coatue Management, L.L.C., along with Coatue Tactical Solutions Lending Holdings AIV 3 LP and Philippe Laffont, filed a Schedule 13G with the United States Securities and Exchange Commission (SEC) disclosing a collective ownership of 9,149,131 shares of common stock in Hut 8 Corp. This stake represents 9.2% of the company's class of securities. The filing, made under Rule 13d-1(c), indicates shared voting and dispositive power over the shares but no sole voting or dispositive power. The principal business office for the reporting entities and individual is located at 9 West 57th Street, New York, New York. Philippe Laffont, who holds dual citizenship in France and the United States, is identified as the control person of Coatue Management, L.L.C. and is recognized as having beneficial ownership of the shares by virtue of his role. The filing asserts that the securities were not acquired for the purpose of changing or influencing the control of Hut 8 Corp and were not held in connection with any transaction having that purpose or effect.