Tether Holdings Amends Adecoagro Stake Filing

TL;DR

Tether Holdings updated its Adecoagro ownership filing. No major changes disclosed, but always watch these filings.

AI Summary

Tether Holdings Limited, through its group member Giancarlo Devasini, has filed an amendment (No. 6) to its Schedule 13D/A regarding Adecoagro S.A. The filing, dated November 18, 2024, indicates a change in the reporting of beneficial ownership. Tether Holdings Limited is based in the British Virgin Islands.

Why It Matters

This amendment signifies a change in the beneficial ownership reporting for Adecoagro S.A. by a significant entity, Tether Holdings Limited, which could impact market perception and trading activity.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D/A often signal shifts in significant beneficial ownership, which can lead to increased volatility or strategic changes for the subject company.

Key Numbers

• Amendment No. 6 — Filing Amendment (Indicates this is a subsequent update to the original filing.)

Key Players & Entities

• Tether Holdings Limited (company) — Filing entity
• Giancarlo Devasini (person) — Group member of Tether Holdings Limited
• Adecoagro S.A. (company) — Subject company
• Daniel Woodard (person) — Legal counsel for Tether Holdings Limited

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

• tm2428748d1_sc13da.htm (SC 13D/A) — 131KB
• 0001104659-24-120281.txt ( ) — 132KB

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 19,572,236 shares of the Issuer’s Common Shares, representing 19.4% of the outstanding Common Shares. (b) Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 19,572,236 shares. This percentage is calculated based upon 100,836,801 Common Shares outstanding as of September 30, 2024 as set forth in the Issuer's Form 6-K filed with the Securities and Exchange Commission on November 13, 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. November 18, 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 19,572,236 (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