Yoda PLC Amends Capital Product Partners L.P. Stake on Jan 26
Ticker: CCEC · Form: SC 13D/A · Filed: Jan 30, 2024 · CIK: 1392326
| Field | Detail |
|---|---|
| Company | Capital Product Partners L.P. (CCEC) |
| Form Type | SC 13D/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $12,140,211 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-filing, ownership-change, amendment
TL;DR
**Yoda PLC updated its Capital Product Partners L.P. ownership, signaling potential shifts.**
AI Summary
Yoda PLC, a Cyprus-based entity, filed an Amendment No. 3 to its Schedule 13D on January 26, 2024, regarding its ownership in Capital Product Partners L.P. This filing updates previous disclosures about its stake in the deep-sea freight transportation company. For investors, this matters as it signals a potential change in the reporting person's beneficial ownership or intent, which could influence the stock's perception and future strategic decisions of Capital Product Partners L.P.
Why It Matters
This amendment indicates a change in a significant shareholder's position or intentions, which can impact investor confidence and potentially signal future corporate actions for Capital Product Partners L.P.
Risk Assessment
Risk Level: medium — Changes in significant shareholder filings can introduce uncertainty regarding future corporate governance or strategic direction.
Analyst Insight
Investors should monitor subsequent filings from Yoda PLC to understand the nature of the change in their beneficial ownership and its potential implications for Capital Product Partners L.P.'s stock price and corporate strategy.
Key Players & Entities
- Yoda PLC (company) — the entity filing the SC 13D/A amendment
- Capital Product Partners L.P. (company) — the subject company whose securities are being reported
- Alon Bar (person) — person authorized to receive notices for Yoda PLC
- January 26, 2024 (date) — date of event requiring the filing
- Amendment No. 3 (number) — the specific amendment number to the Schedule 13D
FAQ
What type of filing is this document?
This document is an SC 13D/A, specifically Amendment No. 3 to a Schedule 13D, as stated in the filing's title and form type.
Who is the subject company of this filing?
The subject company is Capital Product Partners L.P., identified by its name and CIK 0001392326 in the filing.
Who is the entity filing this amendment?
The entity filing this amendment is Yoda PLC, identified by its name and CIK 0002006116 in the filing.
What is the date of the event that required this filing?
The date of the event which required this filing is January 26, 2024, as explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common units, representing limited partner interests of Capital Product Partners L.P., is Y11082206, as listed in the filing.
Filing Stats: 1,223 words · 5 min read · ~4 pages · Grade level 14.5 · Accepted 2024-01-30 08:49:30
Key Financial Figures
- $12,140,211 — ions for an aggregate purchase price of $12,140,211. The source of funds used for these tra
Filing Documents
- sc13da3.htm (SC 13D/A) — 58KB
- 0001341004-24-000019.txt ( ) — 60KB
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 20, 2024 to January 29, 2024, the Company, through its wholly-owned subsidiary, Ascetico Limited, acquired 673,544 Common Units in open-market transactions for an aggregate purchase price of $12,140,211. 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 30, 2024 YODA PLC By: /s/ Alon Bar Name: Alon Bar Title: Chief Executive Officer IOANNIS PAPALEKAS /s/ Ioannis Paplekas 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 De