Mill Road Capital III Amends Alta Equipment Group Stake
Ticker: ALTG-PA · Form: SC 13D/A · Filed: Jul 3, 2024 · CIK: 1759824
| Field | Detail |
|---|---|
| Company | Alta Equipment Group INC. (ALTG-PA) |
| Form Type | SC 13D/A |
| Filed Date | Jul 3, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $44,670,612.46 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: ALTG
TL;DR
Mill Road Capital III updated their 13D filing for ALTG - ownership change incoming?
AI Summary
Mill Road Capital III, L.P., along with Thomas E. Lynch, has filed an amendment (No. 7) to their Schedule 13D regarding Alta Equipment Group Inc. The filing, dated July 3, 2024, indicates a change in their beneficial ownership of the company's common stock. Mill Road Capital III, L.P. is based in Greenwich, CT, and their filing is related to their investment in Alta Equipment Group Inc.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of Alta Equipment Group Inc., which could impact its stock performance and future business decisions.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, which can introduce volatility.
Key Players & Entities
- Mill Road Capital III, L.P. (company) — Filing entity
- Thomas E. Lynch (person) — Associated with filing entity
- Alta Equipment Group Inc. (company) — Subject company
- Peter M. Rosenblum, Esq. (person) — Legal counsel
FAQ
What specific changes in beneficial ownership are detailed in Amendment No. 7?
The filing does not specify the exact percentage or number of shares changed in this amendment, only that it is an amendment to their Schedule 13D.
When was the previous Schedule 13D filing made by Mill Road Capital III, L.P. for Alta Equipment Group Inc.?
The filing is Amendment No. 7, indicating previous filings have been made, but the date of the prior filing is not specified in this document excerpt.
What is the business address of Alta Equipment Group Inc.?
The business address for Alta Equipment Group Inc. is 13211 Merriman Road, Livonia, MI 48150.
What is the CUSIP number for Alta Equipment Group Inc. common stock?
The CUSIP number for Alta Equipment Group Inc. common stock is 02128L106.
Who is listed as the contact person for Mill Road Capital III, L.P. at their Greenwich, CT address?
Thomas E. Lynch is listed as the contact person for Mill Road Capital III, L.P. at 328 Pemberwick Road, Greenwich, CT 06831.
Filing Stats: 1,548 words · 6 min read · ~5 pages · Grade level 7.9 · Accepted 2024-07-03 15:00:55
Key Financial Figures
- $0.0001 — Inc. (Name of Issuer) Common stock, $0.0001 par value (Title of Class of Securiti
- $44,670,612.46 — of 3,714,594 shares of Common Stock for $44,670,612.46 using working capital from the Fund and
Filing Documents
- d313201dsc13da.htm (SC 13D/A) — 66KB
- 0001193125-24-174975.txt ( ) — 68KB
From the Filing
SC 13D/A 1 d313201dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 7)* Alta Equipment Group Inc. (Name of Issuer) Common stock, $0.0001 par value (Title of Class of Securities) 02128L106 (CUSIP Number) Mill Road Capital III, L.P. Attn: Thomas E. Lynch 328 Pemberwick Road Greenwich, CT 06831 203-987-3500 With a copy to: Peter M. Rosenblum, Esq. Foley Hoag LLP 155 Seaport Blvd. Boston, MA 02210 617-832-1000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 1, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7 for other parties to whom copies are sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 02128L106 13D Page 2 of 7 Pages 1. Names of Reporting Persons Mill Road Capital III, L.P. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) WC 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 3,714,594 8. Shared Voting Power 9. Sole Dispositive Power 3,714,594 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,714,594 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 11.2% 14. Type of Reporting Person (See Instructions) PN CUSIP No. 02128L106 13D Page 3 of 7 Pages 1. Names of Reporting Persons Mill Road Capital III GP LLC 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) AF 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization Cayman Islands Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 3,714,594 8. Shared Voting Power 9. Sole Dispositive Power 3,714,594 10. Shared Dispositive Power 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,714,594 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 11.2% 14. Type of Reporting Person (See Instructions) HC; OO CUSIP No. 02128L106 13D Page 4 of 7 Pages 1. Names of Reporting Persons Thomas E. Lynch 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a)(b) 3. SEC Use Only 4. Source of Funds (See Instructions) AF 5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) 6. Citizenship or Place of Organization USA Number of Shares Beneficially Owned by Each Reporting Person With 7. Sole Voting Power 8. Shared Voting Power 3,714,594 9. Sole Dispositive Power 10. Shared Dispositive Power 3,714,594 11. Aggregate Amount Beneficially Owned by Each Reporting Person 3,714,594 12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 13. Percent of Class Represented by Amount in Row (11) 11.2% 14. Type of Reporting Person (See Instructions) HC; IN CUSIP No. 02128L106 Page 5 of 7 Pages This Amendment No. 7 to the joint statement on Schedule 13D with respect to the common stock, par value $0.0001 (the Common Stock ), of Alta Equipment Group Inc., a Delaware corporation (the Issuer ), filed by Thomas E. Lynch, Mill Road Capital III GP LLC, a Cayman Islands limited liability company, and Mill Road Capital III, L.P., a Cayman Islands exempted limited partnership (collectively, the Reporting Persons ) on May 19, 2023, as amended by Amendment No. 1 on Schedule 13D wit