Sec Form 13G Filing - Castle Creek Arbitrage LLC @ Carney Technology Acquisition Corp. II

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

Carney Technology Acquisition Corp II

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

	143636108
	(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

	☒	Rule 13d-1(b)

	☐	Rule 13d-1(c)

	☐	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 143636108
1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Castle Creek Arbitrage, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware

NUMBER OF

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

SOLE VOTING POWER

SHARED VOTING POWER

700,000

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

700,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.57%
12	TYPE OF REPORTING PERSON (see instructions) IA

CUSIP No. 143636108
1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mr. Allan Weine
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION United States

NUMBER OF

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

SOLE VOTING POWER

SHARED VOTING POWER

700,000

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

700,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 700,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.57%
12	TYPE OF REPORTING PERSON (see instructions) IN

CUSIP No. 143636108
1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CC ARB West, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION USA

NUMBER OF

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

SOLE VOTING POWER

SHARED VOTING POWER

676,000

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

676,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 676,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.35%
12	TYPE OF REPORTING PERSON (see instructions) PN

CUSIP No. 143636108
1	NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) CC Arbitrage, Ltd
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)	(a) ☐ (b) ☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands

NUMBER OF

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

SOLE VOTING POWER

SHARED VOTING POWER

24,000

SOLE DISPOSITIVE POWER

SHARED DISPOSITIVE POWER

24,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.22%
12	TYPE OF REPORTING PERSON (see instructions) OO

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)	Amount Beneficially Owned: CC ARB West, LLC owns 676,000 Shares of Common Stock, consisting of 676,000 Shares of Common Stock directly held. CC Arbitrage, Ltd. owns 24,000 Shares of Common Stock, consisting of 24,000 Shares of Common Stock directly held. By virtue of their relationships with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, each of Castle Creek and Mr. Weine may be deemed to beneficially own the Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd. This Schedule 13G reports an aggregate of 700,000 Shares of Common Stock, consisting of 700,000 Shares of Common Stock directly held. The filing of this Schedule 13G shall not be construed as an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any of the Shares reported herein. Each of the Reporting Persons specifically disclaims beneficial ownership of the Shares reported herein that are not directly owned by such Reporting Person.
(b)	Percent of Class: The following ownership percentages are based upon 10,652,217 Shares of Class A common stock issued and outstanding as of December 20, 2022. In the Issuer’s Form 8-K filed December 20, 2022, the issuer reported that a total of 30,497,783 Shares of Class A common stock were presented for redemption in connection with the Special Meeting which occurred on December 14, 2022. The Issuer reported 41,150,000 Shares of Class A common stock issued and outstanding as of November 10, 2022, in the Issuer’s Form 10-Q filed November 10, 2022. Subtracting the Shares presented for redemption on December 14, 2022, from the Shares reported to be outstanding as of November 10, 2022, results in 10,652,217 Shares issued and outstanding. The 676,000 Shares owned by CC ARB West, LLC represent approximately 6.35% of the outstanding Shares. The 24,000 Shares owned by CC Arbitrage, Ltd. represent approximately 0.22% of outstanding Shares. By virtue of its relationship with CC ARB West, LLC and CC Arbitrage, Ltd. discussed in further detail in Item 2, Castle Creek may be deemed to beneficially own 700,000 Shares, representing approximately 6.57% of the outstanding Shares and Mr. Weine may be deemed to beneficially own 700,000 Shares representing approximately 6.57% of the outstanding Shares. This schedule 13G reports an aggregate of 700,000 Shares, representing approximately 6.57% of the outstanding Shares.
(c)	Number of shares as to which such person has:
	(i)	sole power to vote or to direct the vote:
	(ii)	shared power to vote or to direct the vote: CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to vote or direct the vote of the 700,000 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd.
	(iii)	sole power to dispose or to direct the disposition of:
	(iv)	shared power to dispose or to direct the disposition of: CC ARB West, LLC, CC Arbitrage, Ltd., Castle Creek, and Mr. Weine share the power to dispose or direct the disposition of the 700,000 Shares owned by CC ARB West, LLC and CC Arbitrage, Ltd.

Item 5.	Ownership of Five Percent or Less of a Class.

	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Item 6.	Ownership of More than Five Percent on Behalf of Another Person.

	Not applicable.

Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

	Not applicable.

Item 8.	Identification and Classification of Members of the Group.

	Not applicable.

Item 9.	Notice of Dissolution of Group.

	Not applicable.

Item 10.	Certification.

	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated:	February 13, 2023	Castle Creek Arbitrage, LLC


		By:	Castle Creek Arbitrage, LLC
			As Investment Manager


		By:	/s/ Mr. Allan Weine
			Name:	Mr. Allan Weine
			Title:	Managing Member of the Investment Manager


		By:	/s/ Chris Perz
			Name:	Chris Perz
			Title:	Chief Compliance Officer

Sec Form 13G Filing - Castle Creek Arbitrage LLC filing for Carney Technology Acquisition Corp. II (CTAQ) - 2023-02-13