Fund 1 Investments Amends Stake in Destination XL Group
Ticker: DXLG · Form: SC 13D/A · Filed: Jul 11, 2024 · CIK: 813298
Sentiment: neutral
Topics: 13D-filing, ownership-change, amendment
Related Tickers: DXLG
TL;DR
Fund 1 Investments filed an amendment to their 13D on Destination XL Group. No new $$ or shares disclosed yet.
AI Summary
Fund 1 Investments, LLC has amended its Schedule 13D filing regarding Destination XL Group, Inc. The amendment, filed on July 11, 2024, indicates a change in beneficial ownership. The filing does not disclose specific new shareholdings or dollar amounts in this amendment.
Why It Matters
This amendment signals a potential shift in the ownership structure or strategy of Destination XL Group, Inc., which could influence its stock performance and corporate decisions.
Risk Assessment
Risk Level: medium — Amendments to 13D filings often precede significant corporate actions or changes in investor sentiment, warranting close monitoring.
Key Players & Entities
- Fund 1 Investments, LLC (company) — Filing entity
- Destination XL Group, Inc. (company) — Subject company
- Kenneth Mantel, Esq. (person) — Legal representative
- Olshan Frome Wolosky LLP (company) — Legal firm
FAQ
What is the primary purpose of this SC 13D/A filing?
This is an amendment (Amendment No. 1) to the Schedule 13D filing, indicating a change in the information previously reported by Fund 1 Investments, LLC regarding its beneficial ownership of Destination XL Group, Inc. securities.
Who is the subject company of this filing?
The subject company is Destination XL Group, Inc.
Who is the entity filing the amendment?
The entity filing the amendment is Fund 1 Investments, LLC.
When was this amendment filed?
This amendment was filed on July 11, 2024.
Does this amendment disclose specific new shareholdings or dollar amounts?
The provided text of the filing does not explicitly disclose specific new shareholdings or dollar amounts in this amendment; it only indicates a change in the filing.
Filing Stats: 658 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-07-11 16:39:24
Key Financial Figures
- $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- sc13da113866004_07112024.htm (SC 13D/A) — 37KB
- 0000921895-24-001555.txt ( ) — 39KB
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
Item 6 is hereby amended and restated to read as follows: The Reporting Person has entered into certain cash-settled swap agreements with an unaffiliated third-party financial institution (the “Cash-Settled Swaps”). Collectively, the Cash-Settled Swaps held by the Reporting Person represent economic exposure to an aggregate of 5,136,073 notional Shares, representing approximately 8.8% of the outstanding Shares. The Cash-Settled Swaps provide the Reporting person with economic results that are comparable to the economic results of ownership, but do not provide it with the power to vote or direct the voting, or dispose of or direct the disposition, of the Shares that are subject to the Cash-Settled Swaps. Other than as described herein, there are no contracts, arrangements, understandings or relationships between the Reporting Person and any other person, with respect to the securities of the Issuer. 3 CUSIP No. 25065K104
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: July 11, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4