Roaring Kitty swipes 6.6% of Chewy Inc, clarifies it’s ‘not a cat’
Roaring Kitty of GameStop Trading Saga fame and Keith Gill of DeepFuckingValue at Chewy, Inc. It disclosed a 6.6% ownership.
According to a June 24 United States (US) Securities and Exchange Commission (SEC) 13G filing, Gill, as an individual investor, owns 9,001,000 shares of Chewy Class A shares.
On the record, to avoid any confusion, Gill clarified, “It's not a cat.”
Related: Roaring Kitty faces securities fraud claims in ‘convicted' GME case
Taking a 6.6% bite from Chewy's stock
Chewy, Inc
A Schedule 13G filing with the SEC details Gill's ownership of Chewy, filed under Rule 13d-1(c) — citing Gill's sole voting and disposal power over 9,001,000 shares.
This type of registration is common for investors who own more than 5% of the company's shares but do not want to control the direction of the company.
On this particular record, Gill jokingly confirms that he is not a cat in a special check box.
Related: Roaring Kitty's GameStop game is a marketing threat.
Fraudulent results
Gill's investment in Chewy may reflect a more strategic approach as the pet-related products retailer begins to focus on market expansion and improved product offerings.
Like the GME saga, Gill's involvement has the potential to draw attention from investors to Chewy.
Related: Roaring Kitty Buys Another 4M GME Shares, Spawning Conspiracy Theory
Don't be a central threat to the SEC
Gill's most recent appearance on May 13 as the popular investor's alter ego, Roaring Kitty, has created volatility through the crypto and stock markets.
After returning to space, GME's stock rose from $17.46 to roughly $48.75 a day later on May 14.
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