Summary by Moomoo AI
SoftBank Group Corp., a Japanese multinational conglomerate, has filed a Schedule 13G with the United States Securities and Exchange Commission on February 14, 2024, indicating a significant ownership stake in Arm Holdings plc. The filing, dated September 13, 2023, reveals that SoftBank beneficially owns 922,733,999 ordinary shares of Arm Holdings, which represents 89.8% of the company's class of securities. This ownership percentage is based on the total number of ordinary shares outstanding as of December 31, 2023, which amounts to 1,028,075,347. The shares are held by Kronos II LLC, an indirect wholly-owned subsidiary of SoftBank. The filing asserts that SoftBank has sole voting and dispositive power over the shares held by Kronos II. The principal business address for SoftBank is located in Tokyo, Japan, and the address for Arm Holdings' principal executive offices is in Cambridge, United Kingdom.