Lind Global Fund II LP Updates Passive Stake in Energy Focus, Inc.
Ticker: EFOI · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 924168
| Field | Detail |
|---|---|
| Company | Energy Focus, INC/De (EFOI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**Lind Global Fund II LP just updated their passive stake in Energy Focus, Inc. as of year-end 2023.**
AI Summary
Lind Global Fund II LP, along with its affiliates Lind Global Macro Fund LP and Lind Global Partners II LLC, filed an amended Schedule 13G/A on February 13, 2024, indicating their ownership of Energy Focus, Inc. common stock as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their passive investment in the lighting equipment company. This matters to investors because it provides transparency into significant institutional holdings, which can influence stock stability and investor confidence.
Why It Matters
This filing shows that a significant institutional investor, Lind Global Fund II LP, continues to hold a position in Energy Focus, Inc., which can signal confidence to other investors and potentially reduce stock volatility.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate change in investment strategy or significant new risks.
Analyst Insight
Investors should note that Lind Global Fund II LP maintains a passive stake in Energy Focus, Inc. This indicates a continued, non-activist investment, suggesting no immediate major strategic shifts are expected from this shareholder. It's a data point for assessing institutional confidence.
Key Players & Entities
- Lind Global Fund II LP (company) — filing entity and beneficial owner
- Energy Focus, Inc. (company) — subject company whose stock is owned
- Lind Global Macro Fund LP (company) — group member and beneficial owner
- Lind Global Partners II LLC (company) — group member and beneficial owner
- Jeff Easton (person) — group member
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing's title and body.
Who is the subject company whose shares are being reported?
The subject company is Energy Focus, Inc./DE, with a Central Index Key (CIK) of 0000924168, as identified in the 'SUBJECT COMPANY' section of the filing.
Who are the primary entities filing this Schedule 13G/A?
The primary filing entity is Lind Global Fund II LP (CIK: 0001871665), and it is part of a group that includes Lind Global Macro Fund LP, Lind Global Partners II LLC, and Jeff Easton, as listed under 'GROUP MEMBERS'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as specified under 'Date of Event which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(c), as indicated by the 'x' next to 'Rule 13d-1(c)' in the filing.
Filing Stats: 1,607 words · 6 min read · ~5 pages · Grade level 10.8 · Accepted 2024-02-13 20:05:55
Key Financial Figures
- $0.0001 — ame of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securitie
Filing Documents
- sch13g.htm (SC 13G/A) — 89KB
- exhibit99-1.htm (EX-99.1) — 13KB
- 0000929638-24-000565.txt ( ) — 104KB
Ownership of Five Percent or Less of a
Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
Ownership of More than Five Percent on
Item 6. Ownership of More than Five Percent on Behalf of Another Person Not applicable.
Identification and Classification of the
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notice of Dissolution of Group Not Applicable. Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Exhibits Exhibit 99.1 Joint Filing Agreement by and among the Reporting Persons 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. February 13, 2024 LIND GLOBAL MACRO FUND, LP By: Lind Global Partners LLC its General Partner By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member LIND GLOBAL PARTNERS LLC By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member JEFF EASTON By: /s/ Jeff Easton LIND GLOBAL FUND II LP By: Lind Global Partners II LLC its General Partner By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member LIND GLOBAL PARTNERS II LLC By: /s/ Jeff Easton Name: Jeff Easton Title: Managing Member JEFF EASTON By: /s/ Jeff Easton