Monitor for any conversion of this 13G to a 13D, which would signal activist intent. The accumulation of passive stakes by multiple filers (Feis, Context, Yakira) suggests growing institutional interest ahead of a potential de-SPAC transaction or liquidation event.
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Executive Summary
Yakira Capital Management, Inc. filed a Schedule 13G disclosing a 6.52% passive stake in BOA Acquisition Corp. II (THEO), a blank-check company. The filing indicates no intent to influence control, and the stake is held in the ordinary course of business. This is a new passive position for Yakira, adding to prior passive filings by other investors (Feis Equities and Context Capital Management) over the past 75 days.
Key Financial Metrics
Key Facts
- Yakira Capital Management, Inc. disclosed beneficial ownership of 951,121 Class A ordinary shares of BOA Acquisition Corp. II, representing 6.52% of shares outstanding.
- The filing is a new Schedule 13G, not an amendment, indicating a new 5%+ passive position.
- The securities were acquired and are held in the ordinary course of business, with no purpose or effect of changing or influencing control of the issuer.
- Yakira Capital Management is a Delaware-registered investment adviser; Bruce M. Kallins is the controlling shareholder and authorized signatory.
- Prior passive stakes in THEO were filed by Feis Equities LLC (August 2026) and Context Capital Management (August 2026), showing accumulating institutional interest.
Financial Impact
6.52% stake valued at approximately $951,121 in par value shares (Class A ordinary shares, $0.0001 par value); actual market value depends on current trading price.
Risk Factors
- As a blank-check company (SPAC), THEO faces risks of failing to complete a business combination within its timeline, leading to liquidation.
- Passive 13G filers may sell if the stock trades above trust value or if a deal is not consummated.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001104659-26-117396 |
| Document: 0001104659-26-117396-index.html | 0001104659-26-117396 |
| Document: 0001104659-26-117396.txt | 0001104659-26-117396 |
US Market Status
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