Monitor for any conversion of Orca Capital's 13G to a 13D, which would signal activist intent. The cluster of three passive 13G filings within three days suggests coordinated or coincidental institutional accumulation ahead of the October 9 offering — watch for further filings or insider activity.
Price Chart
Executive Summary
Orca Capital AG disclosed a passive 11.7% stake in DarkIris Inc. via a Schedule 13G, holding 299,655 Class A ordinary shares. The stake is calculated based on 2,566,666 shares outstanding post-offering, and Orca certifies no intent to influence control. This follows two other 13G filings by S.H.N. Financial Investments Ltd. and L1 Capital Global Opportunities Master Fund, Ltd. two days prior, indicating concentrated institutional interest.
Key Financial Metrics
Key Facts
- Orca Capital AG filed a Schedule 13G disclosing beneficial ownership of 299,655 Class A ordinary shares of DarkIris Inc.
- The stake represents 11.7% of outstanding Class A ordinary shares, based on 2,566,666 shares outstanding post-registered offering.
- Orca Capital AG certifies the securities were not acquired with the purpose of changing or influencing control of the issuer.
- The filing references pre-funded warrants for 1,089,234 shares and common warrants for 1,388,889 shares, subject to a 9.99% blocker.
- Two other passive 13G filings for DarkIris were made on October 13, 2026, by S.H.N. Financial Investments Ltd. and L1 Capital Global Opportunities Master Fund, Ltd.
Financial Impact
Orca Capital AG holds 299,655 shares valued at an undisclosed amount; 11.7% stake is significant but passive.
Risk Factors
- Orca Capital could convert to activist stance (13D) despite current passive certification.
- Warrant overhang (1,089,234 pre-funded + 1,388,889 common warrants) could dilute existing holders if exercised.
- Concentration of ownership among three passive filers may reduce public float and liquidity.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001493152-26-047268 |
| Document: 0001493152-26-047268-index.html | 0001493152-26-047268 |
| Document: 0001493152-26-047268.txt | 0001493152-26-047268 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | SC 13G/A | $0.0399 $0.0450 | ▲ +12.78% | ▲ +13.96% | $2.16 (+5313.53%) |
Oct 15, 2026 11d ago | SC 13G | $0.0530 $0.0510 | ▼ −3.77% | ▼ −4.20% | $2.16 (+3975.47%) |
Oct 13, 2026 13d ago | SC 13G | $0.0815 | awaiting T+1 | — | $2.16 (+2550.31%) |
Oct 13, 2026 13d ago | SC 13G | $0.0815 | awaiting T+1 | — | $2.16 (+2550.31%) |
Oct 9, 2026 17d ago | 6-K | $0.1433 $0.0857 | ▲ +40.20% | ▲ +40.18% | $2.16 (−1407.33%) |
Oct 9, 2026 17d ago | 424B4 | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $2.16 (−530.84%) |
Oct 9, 2026 17d ago | 424B4 | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $2.16 (−530.84%) |
Oct 9, 2026 17d ago | EFFECT | $0.3424 $0.1433 | ▲ +58.15% | ▲ +58.09% | $2.16 (−530.84%) |
Oct 6, 2026 20d ago | 6-K | $68.00 $1.67 | ▲ +97.54% | ▲ +97.30% | $2.16 (+96.82%) |
Sep 30, 2026 26d ago | 6-K | $1.57 $1.29 | ▼ −17.83% | ▼ −18.01% | $2.16 (+37.58%) |
US Market Status
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