Maple Rock Capital Takes Stake in Algoma Steel
Ticker: ASTLW · Form: SC 13D · Filed: Oct 25, 2024 · CIK: 1860805
Sentiment: neutral
Topics: 13D-filing, ownership-change, steel-industry
Related Tickers: ASTL
TL;DR
**Maple Rock Capital Partners Inc. just disclosed a stake in Algoma Steel Group Inc. (ASTL). Watch this space.**
AI Summary
Maple Rock Capital Partners Inc. filed an SC 13D on October 25, 2024, reporting beneficial ownership of Algoma Steel Group Inc. common shares. The filing indicates a change in ownership or control, with Maple Rock Capital Partners Inc. now holding a significant stake. Specific details on the exact number of shares and percentage of ownership are not immediately available in this excerpt but are typically detailed within the full filing.
Why It Matters
This filing signals a potential shift in influence or strategy for Algoma Steel Group Inc., as a significant investor has disclosed a substantial position. Investors will be watching for further actions or communications from Maple Rock Capital Partners Inc.
Risk Assessment
Risk Level: medium — SC 13D filings often indicate activist intentions or significant strategic shifts, which can introduce volatility and uncertainty for the subject company.
Key Players & Entities
- Maple Rock Capital Partners Inc. (company) — Filing entity
- Algoma Steel Group Inc. (company) — Subject company
- XAVIER MAJIC (person) — Group member
- Stephen D. Lane (person) — Chief Financial Officer of Maple Rock Capital Partners Inc.
FAQ
What is the exact number of Algoma Steel Group Inc. shares beneficially owned by Maple Rock Capital Partners Inc. as of October 25, 2024?
The provided excerpt does not specify the exact number of shares owned by Maple Rock Capital Partners Inc. This information would be detailed in the full SC 13D filing.
What percentage of Algoma Steel Group Inc. does Maple Rock Capital Partners Inc. now control?
The excerpt does not state the percentage of control. This crucial detail is typically found within the 'Items' section of the SC 13D filing.
What is the CUSIP number for Algoma Steel Group Inc. common shares?
The CUSIP number for Algoma Steel Group Inc. common shares is 015658107.
When was Algoma Steel Group Inc. formerly known as 1295908 B.C. LTD.?
The company changed its name from 1295908 B.C. LTD. on May 5, 2021.
What is the business address of Algoma Steel Group Inc.?
The business address of Algoma Steel Group Inc. is 105 West Street, Sault Ste. Marie, Ontario, P6A 7B4.
Filing Stats: 2,015 words · 8 min read · ~7 pages · Grade level 12.8 · Accepted 2024-10-25 19:59:47
Filing Documents
- ef20037740_sc13d.htm (SC 13D) — 83KB
- ef20037740_ex99-1.htm (EX-99.1) — 5KB
- 0001140361-24-044315.txt ( ) — 89KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. October 25, 2024 Maple Rock Capital Partners Inc. By: /s/ Stephen D. Lane Stephen D. Lane, Chief Financial Officer Xavier Majic /s/ Xavier Majic