Yoda PLC Amends 13D for Capital Product Partners L.P., Signals Active Role
Ticker: CCEC · Form: SC 13D/A · Filed: Jan 22, 2024 · CIK: 1392326
Complexity: simple
Sentiment: mixed
Topics: insider-activity, shareholder-activism, amendment, ownership-change
TL;DR
**Yoda PLC just updated its 13D on Capital Product Partners, suggesting they're not just a passive investor anymore.**
AI Summary
Yoda PLC, a Cyprus-based entity, filed an Amendment No. 2 to its Schedule 13D/A on January 17, 2024, regarding its ownership in Capital Product Partners L.P. The filing indicates a change in the disclosures previously provided, specifically noting that the filing person had previously filed a Schedule 13G. This matters to investors because a 13D filing, unlike a 13G, signals an active investor who may seek to influence management or the company's direction, potentially leading to strategic changes or corporate actions that could impact the stock price.
Why It Matters
This amendment signals that Yoda PLC is an active investor in Capital Product Partners L.P., potentially indicating future strategic involvement or influence over the company's operations, which could affect shareholder value.
Risk Assessment
Risk Level: medium — The shift from a 13G to a 13D filing indicates a more active investor, which can introduce both opportunities and risks depending on their intentions and influence on the company.
Analyst Insight
Investors should monitor future filings and news regarding Capital Product Partners L.P. for any strategic moves or proposals from Yoda PLC, as their increased disclosure suggests a more active role that could lead to significant corporate changes.
Key Players & Entities
- Yoda PLC (company) — the entity filing the SC 13D/A Amendment No. 2
- Capital Product Partners L.P. (company) — the subject company in which Yoda PLC holds interests
- Alon Bar (person) — person authorized to receive notices for Yoda PLC
- January 17, 2024 (date) — date of the event requiring the filing of this statement
FAQ
What is the purpose of this specific filing by Yoda PLC?
This filing is an Amendment No. 2 to a Schedule 13D/A, indicating a change in the disclosures previously provided by Yoda PLC regarding its ownership in Capital Product Partners L.P., specifically noting a prior Schedule 13G filing.
What is the CUSIP number for Capital Product Partners L.P.'s securities mentioned in the filing?
The CUSIP number for Capital Product Partners L.P.'s Common units, representing limited partner interests, is Y11082206, as stated in the filing.
Who is authorized to receive notices and communications for Yoda PLC, according to the filing?
Alon Bar, located at 48 Themistokli Dervi, Athienitis Centennial Building, 7th Floor, Office 703, P.C. Nicosia 1066, Cyprus, is authorized to receive notices and communications for Yoda PLC.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was January 17, 2024, as specified in the document.
Why is the checkbox for previously filing a Schedule 13G marked in this 13D/A filing?
The checkbox is marked because the filing person, Yoda PLC, had previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is now filing this schedule due to a change in circumstances or intent, as per §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g).
Filing Stats: 1,228 words · 5 min read · ~4 pages · Grade level 14.6 · Accepted 2024-01-22 09:31:37
Key Financial Figures
- $8,896,030 — ctions for aggregate purchase prices of $8,896,030 and $7,987,272, respectively. The sourc
- $7,987,272 — egate purchase prices of $8,896,030 and $7,987,272, respectively. The source of funds used
Filing Documents
- sc13da2.htm (SC 13D/A) — 61KB
- 0001341004-24-000013.txt ( ) — 63KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
of the Schedule 13D is hereby amended and supplemented as follows
Item 3 of the Schedule 13D is hereby amended and supplemented as follows: From January 9, 2024 to January 19, 2024, the Company, through its wholly-owned subsidiaries, Paparebecorp Limited and Ascetico Limited, acquired 526,899 and 449,419 Common Units, respectively, in open-market transactions for aggregate purchase prices of $8,896,030 and $7,987,272, respectively. The source of funds used for these transactions was working capital of the Company.
Purpose of Transaction
Item 4. Purpose of Transaction
of the Schedule 13D is hereby deleted and replaced in its entirety as follows
Item 4 of the Schedule 13D is hereby deleted and replaced in its entirety as follows: The information set forth in Item 3 is hereby incorporated by reference in its entirety. The Reporting Persons acquired the Common Units of the Issuer for investment purposes as they believed that such Common Units represented an attractive investment opportunity. The Reporting Persons intend to review their investment in the Issuer from time to time on the basis of various factors, including the Issuer's business, financial condition, results of operations and prospects, general economic and industry conditions, the securities markets in general and those for the Issuer's stock in particular, as well as other developments. The Reporting Persons reserve the right, based on all relevant factors and subject to applicable law or other restrictions, at any time and from time to time, directly or through wholly owned subsidiaries, to acquire additional Common Units, dispose of some or all of the Common Units that it may own from time to time, in each case in open market or private transactions, block sales or otherwise, and review or reconsider their position, change their purpose, take other actions or formulate and implement plans or proposals with respect to any of the foregoing. 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. Dated: January 22, 2024 YODA PLC By: /s/ Alon Bar Name: Alon Bar Title: Chief Executive Officer IOANNIS PAPALEKAS /s/ Ioannis Papalekas Annex A The following table lists the directors and executive officers of Yoda PLC. Name Principal Occupation or Employment Principal Business Address Citizenship Alon Bar Director, Chief Executive Officer of Yoda PLC 48 Themistokli Dervi Athienitis Centennial Building 7th Floor, Office 703 P.C. Nicosia 1066, Cyprus Israel Achilleas Dorotheou Director, Head of Hospitality and D