Roaring Kitty acquires 66 stake in Chewy asserts identity as Not a Cat

Keith Gill, popularly known as Roaring Kitty and DeepFuckingValue from the GameStop trading saga, has revealed that he owns a 6.6% stake in Chewy, the online retailer of pet food and other pet-related products. This information was disclosed in a filing with the United States Securities and Exchange Commission (SEC) on June 24. According to the filing, Gill, an individual investor, holds 9,001,000 shares of Chewy’s Class A common stock. In order to dispel any confusion, Gill humorously states in the filing that he is “not a cat.” Gill’s investment in Chewy is seen as a demonstration of his satirical approach and could potentially make Chewy the next GameStop. The filing provides detailed information about Gill’s ownership, emphasizing that he has sole voting and dispositive power over the shares. This type of filing is common for investors who own more than 5% of a company’s shares but have no intention of controlling the company’s direction. Gill’s involvement in Chewy is expected to attract attention from investors as the filing becomes more widely known and the satire becomes increasingly apparent. Gill’s recent return to the investment scene as Roaring Kitty has already caused volatility in crypto and stock markets. Upon his reappearance, GameStop stock skyrocketed from around $17.46 to $48.75 per share the following day. Gill is currently facing a class-action lawsuit for his social media posts, but some experts believe that the lawsuit is unlikely to succeed. The lawsuit, filed on June 28, accuses Gill of engaging in a “pump and dump” scheme.