Owl Creek Amends Concrete Pumping Holdings Stake
Ticker: BBCP · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1703956
| Field | Detail |
|---|---|
| Company | Concrete Pumping Holdings, INC. (BBCP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, form-13g, portfolio-change
TL;DR
**Owl Creek Asset Management just updated their stake in Concrete Pumping Holdings, signaling a portfolio adjustment.**
AI Summary
Owl Creek Asset Management, L.P. filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Concrete Pumping Holdings, Inc. common stock as of December 31, 2023. This filing, Amendment No. 8, updates their previous disclosures, signaling a potential adjustment in their investment strategy or holdings in the company. This matters to investors because significant changes in institutional ownership can influence stock price and reflect a major investor's confidence (or lack thereof) in the company's future prospects.
Why It Matters
Changes in major institutional holdings can signal shifts in market sentiment or investment strategy, potentially impacting the stock's perceived value and future performance.
Risk Assessment
Risk Level: low — This filing is a routine update on institutional ownership and does not inherently indicate a high level of risk.
Analyst Insight
Investors should monitor subsequent filings from Owl Creek Asset Management, L.P. to understand the magnitude of any change in their beneficial ownership and consider how this might align with their own investment thesis for Concrete Pumping Holdings, Inc.
Key Players & Entities
- Owl Creek Asset Management, L.P. (company) — the reporting person filing the SC 13G/A
- Concrete Pumping Holdings, Inc. (company) — the subject company whose securities are being reported
- Delaware (place) — place of organization for Owl Creek Asset Management, L.P.
- December 31, 2023 (date) — date of event requiring the filing
- February 5, 2024 (date) — date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 8)*' sections.
Who is the reporting person in this filing?
The reporting person is Owl Creek Asset Management, L.P., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Owl Creek Asset Management, L.P.' and 'NAMES OF REPORTING PERSONS Owl Creek Asset Management, L.P.'.
What is the subject company whose securities are being reported?
The subject company is Concrete Pumping Holdings, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Concrete Pumping Holdings, Inc.'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock, par value $0.0001 per share, of Concrete Pumping Holdings, Inc. is 206704108, as listed under 'CUSIP Number' on page 1 and 'CUSIP No. 206704108' on page 2.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the 'Date of event which requires filing of this statement' section on page 1.
Filing Stats: 1,130 words · 5 min read · ~4 pages · Grade level 9.6 · Accepted 2024-02-05 13:53:42
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- p24-0525sc13ga.htm (SC 13G/A) — 54KB
- 0000902664-24-001029.txt ( ) — 56KB
(a)
Item 1(a). NAME OF ISSUER: Concrete Pumping Holdings, Inc. (the “ Issuer ”).
(b)
Item 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES: 500 E. 84th Avenue, Suite A-5, Thornton, Colorado 80229.
(a)
Item 2(a). NAME OF PERSON FILING: (i) Owl Creek Asset Management, L.P., a Delaware limited partnership and the investment manager of certain funds (the “ Owl Creek Funds ”), with respect to the shares of Common Stock that were owned by the Owl Funds and (ii) Jeffrey A. Altman (“ Mr. Altman ”), as managing member of the general partner of Owl Creek Asset Management, L.P., with respect to the shares of Common Stock that were owned by the Owl Creek Funds. The foregoing persons are hereinafter sometimes collectively referred to as the “ Reporting Persons .”
(b)
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the principal business office of each of the Reporting Persons is 640 Fifth Avenue, 20th Floor, New York, NY 10019.
(c)
Item 2(c). CITIZENSHIP: Owl Creek Asset Management, L.P. is a limited partnership organized under the laws of the State of Delaware. Mr. Altman is a United States citizen.
(d)
Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001 per share (the “ Common Stock ”).
(e)
Item 2(e). CUSIP NUMBER: 206704108 CUSIP No. 206704108 13G/A Page 5 of 7 Pages Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) Broker or dealer registered under Section 15 of the Act, (b) Bank as defined in Section 3(a)(6) of the Act, (c) Insurance Company as defined in Section 3(a)(19) of the Act, (d) Investment Company registered under Section 8 of the Investment Company Act of 1940, (e) x An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E), (f) Employee Benefit Plan or Endowment Fund in accordance with Rule 13d1(b)(1)(ii)(F), (g) x Parent Holding Company or control person in accordance with Rule 13d1(b)(1)(ii)(G), (h) Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act, (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:_____________________________ Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: x CUSIP No. 206704108 13G/A Page 6 of 7 Pages Item 6. Not applicable. Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. DATED: February 5, 2024 /s/ Jeffrey A. Altman Jeffrey A. Altman, individually and as managing member of the general partner of Owl Creek Asset Management, L.P.