Privet Fund Management Amends Ascent Industries Filing

TL;DR

Privet Fund Management updated their stake in Ascent Industries Co. on 5/31.

AI Summary

Privet Fund Management LLC, through Ryan Levenson, has amended its Schedule 13D filing concerning Ascent Industries Co. The filing, dated May 31, 2024, indicates a change in beneficial ownership. Privet Fund Management LLC is based in Atlanta, Georgia.

Why It Matters

This amendment signals potential shifts in control or strategy for Ascent Industries Co. as a significant shareholder updates their position.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, which can introduce volatility.

Key Numbers

• 20240531 — Filing Date (Indicates the date of the amendment to the filing.)

Key Players & Entities

• Privet Fund Management LLC (company) — Filing entity
• Ryan Levenson (person) — Associated with Privet Fund Management LLC
• Ascent Industries Co. (company) — Subject company

FAQ

Key Financial Figures

• $1.00 — S CO. (Name of Issuer) Common Stock, $1.00 par value per share (Title of Class o
• $10.32 — Fund sold 172,995 Shares at a price of $10.32 per share. After reasonable inquiry an

Filing Documents

• tm2416232d1_sc13da.htm (SC 13D/A) — 47KB
• 0001104659-24-067355.txt ( ) — 49KB

INTEREST IN SECURITIES OF THE ISSUER

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a) and 5(c) are hereby amended and restated to read as follows: (a) The aggregate percentage of Shares reported as owned by each person named herein is based upon 10,129,683 Shares outstanding as of May 6, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 8, 2024. As of the date hereof, Privet Fund beneficially owned 1,673,648 Shares, constituting approximately 16.5% of the Shares outstanding. Privet Fund Management, as the general partner and investment manager of Privet Fund, may be deemed to beneficially own the 1,673,648 Shares owned by Privet Fund, constituting approximately 16.5% of the Shares outstanding. Mr. Levenson, as the managing member of Privet Fund Management, may be deemed to beneficially own the 1,673,648 Shares owned by Privet Fund, constituting approximately 16.5% of the Shares outstanding. Based on UPG’s most recent Schedule 13D/A filed with the SEC on July 2, 2020, UPG beneficially owns 783,998 Shares. Collectively, UPG and Privet beneficially own 2,457,646 Shares, which represents approximately 24.3% of the outstanding Shares. Each Reporting Person disclaims beneficial ownership of the Shares that he, she or it does not directly own. Furthermore, the Reporting Persons expressly disclaim beneficial ownership of the 783,998 Shares beneficially owned by UPG. (c) On May 29, 2024, Privet Fund sold 172,995 Shares at a price of $10.32 per share. After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 31, 2024 PRIVET FUND LP By: Privet Fund Management LLC, Its General Partner By: /s/ Ryan Levenson Name: Ryan Levenson Its: Managing Member PRIVET FUND MANAGEMENT LLC By: /s/ Ryan Levenson Name: Ryan Levenson Its: Managing M

View Full Filing

View this SC 13D/A filing on SEC EDGAR