L1 Capital Global Opportunities Master Fund reported beneficial ownership of 9.99% of Mint Inc Ltd through 1,408,515 securities, including Class A ordinary shares and pre-funded warrants. The passive Schedule 13G says the position was not acquired to change or influence Mint’s control, while 1,091,485 additional warrants remain subject to a 9.99% limitation.

Key Highlights

  • An additional 1,091,485 pre-funded warrants are excluded because of a 9.99% beneficial ownership limit.
  • David Feldman and Joel Arber may be deemed beneficial owners through their roles as the fund’s directors.
  • L1 Capital Global Opportunities Master Fund, Ltd. reported a 9.99% beneficial ownership position in Mint Inc Ltd. That position represents 1,408,515 securities.

Mint Inc Ltd (NASDAQ: MIMI) has a reported 9.99% beneficial ownership position held by L1 Capital Global Opportunities Master Fund, Ltd. representing 1,408,515 securities. The position covers Mint’s Class A ordinary shares and pre-funded warrants, and the ownership report identifies the fund’s holding as passive.

Passive Status Limits Control Interpretation

The fund’s report says the securities were not acquired or held to change or influence Mint’s control. It also says the position was not connected with a transaction intended to produce that effect, except for activities solely related to a nomination under the cited rule. L1 Capital identifies David Feldman and Joel Arber as its directors, meaning they may be deemed to beneficially own the securities, while both disclaim that ownership for other purposes.