Monitor for any future conversion to Schedule 13D, which would signal activist intent. As a passive filing by a registered investment adviser in a SPAC, this is routine and unlikely to drive price action.
Price Chart
Executive Summary
Squadron Capital Management LLC filed a Schedule 13G disclosing a 5.02% passive stake in TCGX Acquisition Corp. II, a blank-check company. The filing indicates the shares were acquired for investment purposes with no intent to influence control. This is a new passive stake disclosure by a registered investment adviser.
Key Financial Metrics
Key Facts
- Squadron Capital Management LLC filed a Schedule 13G on October 23, 2026
- Beneficial ownership of 650,000 Class A Ordinary Shares, representing 5.02% of shares outstanding
- Ownership percentage based on 12,950,000 shares outstanding as of October 16, 2026
- Shares held through Squadron Master Fund LP, a private fund advised by Squadron Capital Management
- Filer certifies securities were not acquired with purpose of changing or influencing control
- Filing is under Rule 13d-1(c) — passive investor exemption
Financial Impact
650,000 shares at 5.02% of outstanding — no transaction price disclosed
Risk Factors
- Potential future conversion to 13D if investor changes intent
- SPAC de-SPAC risk — no operating business yet
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0002050709-26-000028 |
| Document: 0002050709-26-000028-index.html | 0002050709-26-000028 |
| Document: 0002050709-26-000028.txt | 0002050709-26-000028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | SC 13G | $10.27 | awaiting T+20 | — | $10.28 (+0.10%) |
Oct 26, 2026 1d ago | SC 13G | $10.27 | awaiting T+20 | — | $10.28 (+0.10%) |
Oct 23, 2026 4d ago | SC 13G | $10.27 | awaiting T+20 | — | $10.28 (+0.10%) |
Oct 23, 2026 4d ago | SC 13G | $10.27 | awaiting T+20 | — | $10.28 (+0.10%) |
Oct 20, 2026 7d ago | 3 | $10.50 | awaiting T+20 | — | $10.28 (−2.10%) |
Oct 20, 2026 7d ago | 3 | $10.50 | awaiting T+20 | — | $10.28 (−2.10%) |
Oct 19, 2026 8d ago | 8-K | $10.56 | awaiting T+20 | — | $10.28 (−2.65%) |
Oct 16, 2026 11d ago | 424B4 | $10.40 | awaiting T+20 | — | $10.28 (−1.15%) |
Oct 16, 2026 11d ago | EFFECT | $10.86 | awaiting T+20 | — | $10.28 (−5.34%) |
Oct 15, 2026 11d ago | 3 | $10.86 | awaiting T+20 | — | $10.28 (−5.34%) |
US Market Status
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