Fund 1 Investments Updates Stake in Destination XL Group
Ticker: DXLG · Form: SC 13D/A · Filed: Aug 13, 2024 · CIK: 813298
Sentiment: neutral
Topics: 13D-Filing, Ownership-Change, SEC-Filing
Related Tickers: DXLG
TL;DR
Fund 1 Investments filed an amendment on 8/13 regarding their stake in DXLG.
AI Summary
Fund 1 Investments, LLC, through an amendment filed on August 13, 2024, has updated its Schedule 13D regarding Destination XL Group, Inc. The filing indicates a change in beneficial ownership, though specific new holdings or percentage changes are not detailed in this excerpt. The amendment pertains to the common stock of Destination XL Group, Inc.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of Destination XL Group, Inc., which could influence its stock performance and corporate direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility and strategic changes for the company.
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 specific changes in beneficial ownership are detailed in Amendment No. 2 to the Schedule 13D?
The provided excerpt does not specify the exact changes in beneficial ownership or the new percentage of shares held by Fund 1 Investments, LLC.
When was Amendment No. 2 to the Schedule 13D filed?
Amendment No. 2 to the Schedule 13D was filed on August 13, 2024.
What is the CUSIP number for Destination XL Group, Inc. common stock?
The CUSIP number for Destination XL Group, Inc. common stock is 25065K104.
Who is listed as the legal representative for the filing?
Kenneth Mantel, Esq. from Olshan Frome Wolosky LLP is listed as the legal representative.
What was the former name of Destination XL Group, Inc.?
Destination XL Group, Inc. was formerly known as CASUAL MALE RETAIL GROUP INC and DESIGNS INC.
Filing Stats: 658 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-08-13 16:49:28
Key Financial Figures
- $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti
Filing Documents
- sc13da213866004_08132024.htm (SC 13D/A) — 37KB
- 0000921895-24-001763.txt ( ) — 38KB
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 5,728,573 notional Shares, representing approximately 9.8% 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: August 13, 2024 FUND 1 INVESTMENTS, LLC By: /s/ Benjamin C. Cable Name: Benjamin C. Cable Title: Chief Operating Officer 4