Key facts
- This page summarizes Magnetar Financial LLC's Form 4 filing for Churchill Capital Corp VII.
- 4 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 22 Aug 2024, 16:21.
Magnetar Financial LLC - 20 Aug 2024 Form 4 Insider Report for Churchill Capital Corp VII
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 20 Aug 2024
- Net transaction value
- -$90,084,438
- SEC form
- 4
- Accepted by SEC
- 22 Aug 2024, 16:21:29 UTC
- Prior SEC filing
- 18 Jan 2024
- Next SEC filing
- 18 Jun 2025
- Source filing
- View source filing
- Reporting owner signature
-
/s/ Hayley A. Stein, Attorney-in-Fact for David J. Snyderman, as Manager of Supernova Management LLC, which is the General Partner of Magnetar Capital Partners LP, which is in turn the Sole Member of Magnetar...
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Magnetar Financial LLC filed Form 4 for Churchill Capital Corp VII on 22 Aug 2024.
Change
- Previous filing in this sequence was filed on 18 Jan 2024.
- Current net transaction value: -$90,084,438.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVII
transaction
Class A Common Stock
Other
- Transaction value
- $47,400,774
- Shares
- -4,370,467
- Change %
- -100%
- Price
- $10.85
- Shares after
- 0
- Date
- 20 Aug 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3, F4, F8
CVII
transaction
Class A Common Stock
Other
- Transaction value
- $7,248,192
- Shares
- -668,301
- Change %
- -100%
- Price
- $10.85
- Shares after
- 0
- Date
- 20 Aug 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3, F5, F8
CVII
transaction
Class A Common Stock
Other
- Transaction value
- $18,983,294
- Shares
- -1,750,306
- Change %
- -100%
- Price
- $10.85
- Shares after
- 0
- Date
- 20 Aug 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3, F6, F8
CVII
transaction
Class A Common Stock
Other
- Transaction value
- $16,452,179
- Shares
- -1,516,931
- Change %
- -100%
- Price
- $10.85
- Shares after
- 0
- Date
- 20 Aug 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F2, F3, F7, F8
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Magnetar Financial LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 8 footnotes
Footnote F1
Magnetar Financial LLC ("Magnetar Financial") serves as the investment adviser to each of Magnetar Constellation Master Fund, Ltd, a Cayman Islands exempted company, Magnetar Lake Credit Fund LLC, a Delaware limited liability company, Magnetar Structured Credit Fund, LP, a Delaware limited partnership, and Magnetar Xing He Master Fund Ltd, a Cayman Islands exempted company (collectively, the "Magnetar Funds").
Footnote F2
Magnetar Capital Partners LP ("Magnetar Capital Partners"), a Delaware limited partnership, is the sole member and parent holding company of Magnetar Financial. Supernova Management LLC ("Supernova Management"), a Delaware limited liability company, is the general partner of Magnetar Capital Partners. The manager of Supernova Management is David J. Snyderman, a citizen of the United States of America.
Footnote F3
Each of the Magnetar Funds, Magnetar Financial, Magnetar Capital Partners, Supernova Management and David J. Snyderman disclaims beneficial ownership of these shares of the Issuer's Class A Common Stock.
Footnote F4
These securities were held directly by Magnetar Constellation Master Fund, Ltd.
Footnote F5
These securities were held directly by Magnetar Lake Credit Fund LLC.
Footnote F6
These securities were held directly by Magnetar Structured Credit Fund, LP.
Footnote F7
These securities were held directly by Magnetar Xing He Master Fund Ltd.
Footnote F8
On August 20, 2024, because the Issuer had not consummated an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended, the Issuer redeemed all shares of Class A Common Stock issued and outstanding at a redemption price of $10.84572005 per share.
SEC remarks
A joint filing agreement was filed as Exhibit 99.1 to the Form 3 jointly filed with the SEC by the Reporting Persons on May 26, 2023 and is incorporated by reference herein.