Tether Holdings Ltd. Amends Adecoagro S.A. Stake Filing

TL;DR

Tether just upped its stake in Adecoagro S.A. - watch this space.

AI Summary

On September 20, 2024, Tether Holdings Ltd. filed an amendment (No. 2) to its Schedule 13D regarding Adecoagro S.A. The filing indicates a change in beneficial ownership, with Tether Holdings Ltd. now holding a significant stake in Adecoagro S.A. The specific percentage and number of shares are detailed within the filing.

Why It Matters

This filing signals a potential shift in control or influence for Adecoagro S.A., which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate strategic shifts or potential takeovers, introducing volatility.

Key Players & Entities

• Tether Holdings Ltd. (company) — Filing entity
• Adecoagro S.A. (company) — Subject company
• GIANCARLO DEVASINI (person) — Group member of Tether Holdings Ltd.
• LUDOVICUS JAN VAN DER VELDE (person) — Group member of Tether Holdings Ltd.
• Daniel Woodard (person) — Legal counsel for Tether Holdings Ltd.

FAQ

Key Financial Figures

• $1.50 — me of Issuer) Common Shares, par value $1.50 per share (Title of Class of Securiti
• $41 million — payment of a civil monetary penalty of $41 million without admitting or denying any of the
• $18.5 million — to settle the NYAG proceeding by paying $18.5 million in penalties to the State of New York.

Filing Documents

• tm2424460d1_sc13da.htm (SC 13D/A) — 160KB
• 0001104659-24-101771.txt ( ) — 162KB

Identity and Background

Item 2. Identity and Background See the Schedule 13D, as amended, for historical information. Item 2 of Schedule 13D is amended and supplemented as follows: Giancarlo Devasini holds a greater than 50% voting interest in Tether Holdings Limited and thus indirect holds voting and dispositive power with respect to the securities held by Tether Holdings Limited, including securities held by Tether Investments Limited, its wholly owned subsidiary. Mr. Devasini disclaims beneficial Certain information regarding Tether Holdings Limited, Tether Investments Limited and their respective executive officers and directors is set forth on Schedule A attached hereto.

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration See the Schedule 13D, as amended, for historical information. Item 3 is amended and supplemented as follows: Tether Investments Limited used cash from its own working capital to make the purchases of Common Shares listed on Schedule B hereto.

Interest in Securities of Issuer

Item 5. Interest in Securities of Issuer

of the Schedule 13D is amended and restated in its entirety

Item 5 of the Schedule 13D is amended and restated in its entirety to read as follows: (a) The Reporting Persons beneficially own an aggregate of 13,730,453 shares of the Issuer’s Common Shares, representing 13.4% of the outstanding Common Shares. (b) Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 13,730,453 shares. This percentage is calculated based upon 102,461,382 Common Shares outstanding as of June 30, 2024 as set forth in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 12, 2024. (c) Schedule B sets forth the transactions in the Common Shares effected by the Reporting Persons during the past 60 days. (d) None. (e) Not applicable.

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits 1.Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k). 6

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement on Schedule 13D is true, complete and correct. September 20, 2024 TETHER HOLDINGS LIMITED By: /s/ Ludovicus Jan Van der Velde Name: Ludovicus Jan Van der Velde Title: Director Tether Investments Limited By: /s/ Ludovicus Jan Van der Velde Name: Ludovicus Jan Van der Velde Title: Director /s/ Ludovicus Jan Van der Velde Ludovicus Jan Van der Velde , individually /s/ Giancarlo Devasini Giancarlo Devasini , individually 7 Schedule A Executive Officers and Directors The following sets forth the name, country of citizenship, position and principal occupation of each executive officer and member of the board of directors of Tether Holdings Limited and Tether Investments Limited. Except as indicated below, none of the persons listed below has been convicted of a crime (other than traffic violations or similar misdemeanors) or been subject to proceedings pertaining to violations of securities laws within the past 5 years. Executive Officers and Directors of Tether Holdings Limited : Name and Citizenship Position and Principal Occupation Beneficial Ownership Chief Executive Officer and Director 0 SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 Giancarlo Devasini, citizen of Italy Chief Financial Officer and Director 13,730,453 (1) SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 Ludovicus Jan Van der Velde, citizen of the Netherlands Director 0 SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 8 Executive Officers and Directors of Tether Investments Limited : Name and Citizenship Position and Principal O

View Full Filing

View this SC 13D/A filing on SEC EDGAR