According to BlockBeats, Roaring Kitty has submitted a 13G document to the U.S. Securities and Exchange Commission (SEC), declaring ownership of 9,001,000 shares of Chewy. This represents 6.6% of the company's total share capital. The news was initially disclosed by DEGEN NEWS on July 1.
Roaring Kitty's declaration to the SEC is a significant move, indicating a substantial stake in Chewy. The 13G document is a filing that must be submitted to the SEC by anyone who acquires more than 5% of any class of a company's shares.
Chewy, an online retailer of pet food and other pet-related products, has seen a significant increase in its share value over the past few years. The declaration by Roaring Kitty, a well-known figure in the investment community, could potentially influence the company's stock performance in the future.
However, it is important to note that the declaration of ownership does not necessarily imply an intention to influence the company's management or strategic direction. It is simply a regulatory requirement for substantial shareholders. The future implications of this ownership stake for both Roaring Kitty and Chewy remain to be seen.