Standard General L.P. Amends Bally's Corp Stake
Ticker: BALY · Form: SC 13D/A · Filed: Oct 18, 2024 · CIK: 1747079
| Field | Detail |
|---|---|
| Company | Bally'S Corp (BALY) |
| Form Type | SC 13D/A |
| Filed Date | Oct 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 13D-filing, shareholder-activity, amendment
Related Tickers: BALY
TL;DR
Standard General L.P. just updated their Bally's stake filing - watch this space.
AI Summary
Standard General L.P. has amended its Schedule 13D filing for Bally's Corporation on October 18, 2024. The filing indicates a change in beneficial ownership, with Standard General L.P. now holding a significant stake in Bally's Corporation. This amendment reflects ongoing strategic interests and potential influence over the company's direction.
Why It Matters
This filing signals a potential shift in control or influence for Bally's Corporation, which could impact its strategic decisions and future performance.
Risk Assessment
Risk Level: medium — Changes in major shareholder filings can indicate potential activist involvement or strategic shifts, introducing uncertainty.
Key Players & Entities
- Standard General L.P. (company) — Filing entity
- Bally's Corporation (company) — Subject company
- Joseph Mause (person) — Signatory for Standard General L.P.
- 0000895345-24-000442 (filing_id) — Accession number for the filing
FAQ
What is the specific change in beneficial ownership reported by Standard General L.P. in this amendment?
The filing is an amendment (No. 25) to Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares acquired/disposed of is not detailed in the provided header information.
When was this amendment filed with the SEC?
This amendment was filed on October 18, 2024.
What is the CUSIP number for Bally's Corporation's common stock?
The CUSIP number for Bally's Corporation's common stock is 05875B106.
Who is listed as the subject company in this filing?
The subject company is Bally's Corporation.
What is the business address of Standard General L.P. as listed in the filing?
The business address for Standard General L.P. is 767 Fifth Avenue, 12th Floor, New York, NY 10153.
Filing Stats: 1,005 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-10-18 17:04:33
Key Financial Figures
- $0.01 — RATION (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
Filing Documents
- ff4007281_13da25-ballys.htm (SC 13D/A) — 69KB
- 0000895345-24-000442.txt ( ) — 71KB
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer (a) and (b) See Items 7-13 of the cover pages and Item 2 above. (c) On September 30, 2024, the Issuer granted to Mr. Kim 2,899 immediately vested restricted shares of the Issuer's Common Stock and on October 18, 2024, a private investment vehicle managed by Standard General distributed 1,740,000 shares of the Issuer's Common Stock in accordance with the terms of the investment vehicle for no consideration. Other than such grant and distribution, the Reporting Persons did not effect any transactions in shares of the Issuer's Common Stock during the sixty day period prior to the filing of this Amendment. The percentages reported herein are based on a statement in the Issuer's Definitive Proxy Statement, filed with the Securities and Exchange Commission on October 17, 2024, that there were 40,663,281 shares of the Issuer's Common Stock outstanding as of October 9, 2024. (d) Not applicable. (e) Not applicable.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
is hereby amended and supplemented by adding the following at the end thereof
Item 6 is hereby amended and supplemented by adding the following at the end thereof: The shares of Common Stock of the Issuer reported as beneficially owned by Mr. Kim includes 3,571 shares that are subject to a holding period ending April 18, 2025 and 15,372 restricted shares subject to (i) vesting under the Issuer's 2021 Equity Incentive Plan upon the earlier of May 16, 2025 and the date of the Issuer's 2025 annual meeting of stockholders and (ii) a one-year holding period. SIGNATURE 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. Date: October 18, 2024 STANDARD GENERAL L.P. By: /s/ Joseph Mause Name: Joseph Mause Title: Chief Financial Officer SOOHYUNG KIM /s/ Soohyung Kim Soohyung Kim