Ribbon Acquisition Corp.: Hudson Bay Capital Management LP amends Schedule 13G stake filing

Hudson Bay Capital Management LP amended its Schedule 13G filing for Ribbon Acquisition Corp., disclosing its beneficial ownership stake in the special purpose acquisition company under SEC accession number 0001393825-26-000077. The amendment updates the hedge fund's previously reported position in the blank-check company, though the filing did not specify a change in share count or percentage ownership. Schedule 13G filings are required of investors holding passive stakes above 5% in a public company, making the disclosure a signal of Hudson Bay's continued interest in the SPAC. Investors will watch for further 13G amendments or 13D filings that would indicate a shift from passive to activist intent, as well as any announcement from Ribbon Acquisition Corp. regarding a merger target or business combination.