Tether Holdings Amends Adecoagro S.A. Filing

TL;DR

Tether Holdings updated its Adecoagro stake filing. Watch for more details.

AI Summary

Tether Holdings Limited, through its filing on September 30, 2024, has amended its Schedule 13D/A regarding Adecoagro S.A. This filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The filing is an amendment to a previous submission concerning Adecoagro S.A. common shares.

Why It Matters

This filing signals a potential shift in major shareholder activity for Adecoagro S.A., which could impact the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant entities like Tether Holdings can introduce volatility and uncertainty for the subject company's stock.

Key Players & Entities

• Tether Holdings Limited (company) — Filing entity
• Adecoagro S.A. (company) — Subject company
• Giancarlo Devasini (person) — Group member of Tether Holdings Ltd
• Daniel Woodard (person) — Contact person at McDermott Will & Emery LLP

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

• tm2425203d1_sc13da.htm (SC 13D/A) — 135KB
• 0001104659-24-104517.txt ( ) — 137KB

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: 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

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

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 15,048,249 shares of the Issuer’s Common Shares, representing 14.7% of the outstanding Common Shares. (b) Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 15,048,249 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). 5

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 30, 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/ Giancarlo Devasini Giancarlo Devasini, individually 6 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 15,048,249 (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 7 Executive Officers and Directors of Tether Investments Limited : Name and Citizenship Position and Principal Occupation Beneficial Ownership

View Full Filing

View this SC 13D/A filing on SEC EDGAR