CDLR Cadeler A/S

NEUTRAL Impact: 4/10 6-K
Horizon days Filed Mar 30, 2026 Processed 2mo ago SEC 0001978867-26-000032
Notable filing: 6-K
Latest settled — T+20d ⚠ clustered
CDLR ▲ +19.33% at T+20d
NEUTRAL call ✓ call won +19.33% · α vs SPY +6.73% · entry $21.94 → $26.18
Next anchor: T+60d in 15d
Last close $23.40 (close Jun 8) · +6.65% from $21.94 entry
Entry anchored
Mar 27, 03:59 PM ET
via Databento tick
T+1d
+7.25%
call +7.25% · α +4.36%
$23.53
settled 2mo ago
T+5d
+9.16%
call +9.16% · α +4.86%
$23.95
settled 2mo ago
T+20d
+19.33%
call +19.33% · α +6.73%
$26.18
settled 6w ago
T+60d
call — · α —
in 15d

Price Chart

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Executive Summary

Cadeler A/S announced a temporary change in BW Altor's shareholding due to a share lending arrangement related to a private placement of 35,095,758 new shares. BW Altor currently holds 22.10% of shares but is expected to increase its stake to 28.05% following the redelivery of 22,968,883 lent shares and receipt of newly subscribed shares.

Actionable Insight

Monitor for the formal registration of the share capital increase and redelivery of lent shares, which will confirm BW Altor’s increased stake to 28.05%. The temporary lending should not affect long-term ownership structure, but the new shares issued represent permanent dilution.

Key Facts

  • BW Altor temporarily reduced its holding to 85,324,026 shares (22.10%) due to a share lending arrangement of 22,968,883 shares to DNB Carnegie for DVP settlement of a private placement.
  • Following completion of the capital increase and redelivery of lent shares, BW Altor is expected to hold 108,292,909 shares (28.05%) in Cadeler.
  • The private placement involved issuance of 35,095,758 new shares.
  • BW Altor is ultimately controlled by Andreas Sohmen-Pao and is a significant shareholder based in Singapore.

Financial Impact

The share lending is temporary and does not represent a permanent change in ownership. The company issued 35,095,758 new shares in a private placement, which will result in dilution and an increase in total share capital.

dilutionshare_countownership_structure

Risk Factors

  • Potential market perception of insider selling if the share lending is misinterpreted, though it is temporary and for settlement purposes.
  • Dilution from the issuance of over 35 million new shares could pressure share price if not offset by value accretion from use of proceeds.

Market Snapshot

Exchange
NYSE
Sector
Deep Sea Foreign Transportation of Freight

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
6-K Filing (Primary)0001978867-26-000032
Document: 0001978867-26-000032-index-headers.html0001978867-26-000032
Document: 0001978867-26-000032-index.html0001978867-26-000032
Document: 0001978867-26-000032.txt0001978867-26-000032
7 reports for CDLR
Performance horizon

Track record builds as more directional reports settle.

Filters
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Reports for CDLR — sortable, filterable
Type Now
May 28, 2026
12d ago
6-K
NEUTRAL ★ 2/10
$25.65 $24.72▼ −3.63%▼ −3.94%$23.40 (−8.77%)
May 27, 2026
13d ago
6-K
NEUTRAL ★ 2/10
$26.25 $25.02▼ −4.69%▼ −5.89%$23.40 (−10.86%)
Mar 31, 2026
10w ago
6-K
BULLISH ★ 7/10
$23.53 $24.94▲ +5.99%▲ +2.05%$23.40 (−0.55%)
Mar 30, 2026
10w ago
6-K
NEUTRAL ★ 4/10
$21.94 $23.95▲ +9.16%▲ +4.86%$23.40 (+6.65%)
Mar 30, 2026
10w ago
6-K
NEUTRAL ★ 4/10
$21.94 $23.95▲ +9.16%▲ +4.86%$23.40 (+6.65%)
Mar 30, 2026
10w ago
6-K
NEUTRAL ★ 5/10
$21.94 $23.95▲ +9.16%▲ +4.86%$23.40 (+6.65%)
Mar 26, 2026
10w ago
6-K
NEUTRAL ★ 5/10
$22.49 $23.94▲ +6.45%▲ +4.81%$23.40 (+4.05%)
Showing 7 of 7

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