Josh O"Sullivan12 hours agoRoaring Kitty swipes 6.6% of Chewy, clarifies he is ‘Not a Cat’Keith Gill, known for his role in the GameStop saga, surprises the market with a significant stake in Chewy.2892 Total views11 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksKeith Gill, famously known as Roaring Kitty and DeepFuckingValue from the GameStop trading saga, has disclosed a 6.6% ownership in the online retailer of pet food and other pet-related products, Chewy.
According to the June 24 United States Securities and Exchange Commission (SEC) Schedule 13G filing, Gill, as an individual investor, owns 9,001,000 shares of Chewy’s Class A common stock.
In the filing, to remove any misunderstandings, Gill clarifies that he is “not a cat.”SEC Schedule 13G filing stating that Keith Gill is, in fact, not a cat. Source: SEC
Related:Roaring Kitty faces securities fraud claims in ‘doomed’ GME lawsuitTaking a 6.6% bite out of Chewy stock
Gill’s investment in Chewy demonstrates Roaring Kitty satire and could set Chewy up as the next potential GameStop.
The Schedule 13G filing with the SEC provides detailed information about Gill’s ownership of Chewy, filed under Rule 13d-1(c) — noting Gill’s sole voting and dispositive power over 9,001,000 shares.
This filing type is typical for investors who own more than 5% of a company’s shares but do not intend to exert control over the firm’s direction.
In this particular filing, Gill humorously confirms in a unique checkbox that he is not a cat. Source: unusual_whales
Related:Roaring Kitty’s gamification of GameStop is a menace to the marketChewy repercussions
Gill’s investment in Chewy could reflect a more strategic approach as the pet-related products retailer begins to focus on market expansion and improved product offerings.
As with the GameStop saga, Gill’s involvement has the potential to draw attention to Chewy from investors as the filing becomes increasingly public and the satire increasingly apparent.
Related:Roaring Kitty buys another 4M GME stocks, birthing conspiracy theoryDon’t be a menace to SEC central
Gill’s recent reappearance on May 13 as his famed vigilante investor alter ego, Roaring Kitty, has created volatility ripples through crypto and stock markets.
Solely from his return to the space, GameStop stock went up from roughly $17.46 to $48.75 per share a day later on May 14.
Gill is currently facing a class-action lawsuit for his recent social media posts, but a former federal prosecutor stated that they believe the lawsuit is “doomed” to fail.
The class-action lawsuit was filed on June 28 in the U.S. District Court for the Eastern District of New York and intends to sue Gill for a “pump and dump” scheme.
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