These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 20 through June 26, 2024. Source: VerityData
increased its stake in the
-mining company to 61,331,631 shares. Riot Platforms purchased 3,704,595 Bitfarms Technologies shares over June 17 and 18 at prices ranging from $2.82 to $3.23 each. Following the purchases, Riot continues to own 14.9% of Bitfarms’ outstanding stock. Bitfarms previously rejected a buyout offer from Riot in late May because it “significantly” undervalued the company.
Riot issued a letter to Bitfarms’ board on June 24, requesting a special meeting of shareholders for the purpose of electing new independent board members. Riot noted in the latest filing that it has withdrawn its prior proposal, and stands ready to renegotiate a potential business combination with Bitfarms’ reconstituted board.
Increases in Holdings
Corvex Management increased its stake in the uniform and workplace-supplies company to 17,007,877 shares. Corvex did so through the purchase of 416,044 Vestis shares from May 20 through May 24 at prices ranging from $12.02 to $12.59 each. On June 18, Vestis’ board appointed Corvex founder Keith Meister as a director, and Corvex agreed not to acquire more than 15% of Vestis’ outstanding shares. Following the latest purchases, Corvex now owns 12.9% of Vestis Corp’s outstanding stock.
AI DMI increased its stake in the clinical-stage biopharmaceutical company to 3,762,507 shares. AI DMI purchased 416,667 Disc Medicine shares on June 17 at a price of $36 per share pursuant to a registered offering. Following the purchase, AI DMI now owns some 12.6% of Disc Medicine’s outstanding stock.
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Fund 1 Investments increased its stake in the apparel retailer to 2,383,486 shares. Fund 1 purchased 149,205 Citi Trends shares from June 12 through June 20 at prices ranging from $21.53 to $22.43 each. Following the purchases, Fund 1 now owns 27.7% of Citi Trends’ outstanding stock. Shares of Citi Trends have lost roughly 23.8% during the year.
Decreases in Holdings
MAK Capital lowered its stake in the enterprise-technology company to 1,708,066 shares. MAK Capital did so through the sale of 346,557 Agilysys shares from June 5 through June 20 at prices ranging from $90.71 to $95.44 each. On Jan. 25, MAK Capital entered into a 10b5-1 trading plan with BTIG to sell up to 867,728 shares through November 2024, and selling through that plan began in late-May. The plan follows the completion of a similar one for the same number of shares that was fulfilled on Jan. 19.
Following the latest sales, MAK Capital holds 6.2% of Agilysys’ outstanding stock. Shares of Agilysys have gained about 22% in the year to date.
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