Laura Wadsten

Mark Walter may need billions of dollars. But one of the sources of cash investors assumed he might tap — his enormous Carvana stake — may not be sellable right now. Delaware UCC filings obtained by Hunterbrook on Tuesday show that Citigroup Global Markets filed UCC financing statements and amendments through which Citi has a presently effective security interest in assets held by CVAN Holdings Sub I, LLC, where TWG holds essentially its entire Carvana position.

Even for journalists investigating the sprawling Walter saga, the divestment announcement came out of left field. The Sammons conglomerate, which has owned a big stake in Mark Walter’s business since before it even bore the name Guggenheim, says it’s leaving the stadium after three decades. This comes as Walter, billionaire owner of the Los Angeles Dodgers, has embarked on rapid sales for liquidity amid a federal probe into how his life insurers disclose investments.

Vineland officials found that Bloom Energy fuel cells and a liquefied natural gas tank at Nebius’ data center site were being installed without prior approval or permits and ordered the work halted. Nebius executives did not mention the orders when asked about the project on this week’s earnings call. Based on Hunterbrook Media’s reporting, at the time of publication Hunterbrook Capital is short $BE. Positions may change at any time. This article is not investment advice or any recommendation.