ACON Equity GenPar Amends Funko Stake Filing (SC 13G/A)

TL;DR

**ACON Equity GenPar updated their Funko ownership, signaling potential shifts in institutional confidence.**

AI Summary

ACON Equity GenPar, L.L.C. filed an amended SC 13G/A on February 5, 2024, indicating their ownership of Funko, Inc. Class A Common Stock as of December 31, 2023. This filing is an amendment (Amendment No. 5), suggesting a change in their previously reported holdings or status. This matters to investors because ACON Equity GenPar is a significant institutional investor, and changes in their position can signal their confidence or concerns about Funko's future performance, potentially influencing other investors' decisions.

Why It Matters

This filing updates ACON Equity GenPar's reported ownership in Funko, Inc., providing transparency on a major institutional investor's position, which can impact market sentiment.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of ownership by an institutional investor and does not inherently present a direct risk to the company or its shareholders.

Analyst Insight

Investors should note that ACON Equity GenPar, a significant institutional holder, has updated its position in Funko. While this filing doesn't disclose the exact change in share count, it signals ongoing institutional interest. Smart investors would look for the full details of the amendment to understand if ACON increased or decreased its stake, as this could influence market perception of Funko's value.

Key Players & Entities

• ACON Equity GenPar, L.L.C. (company) — the reporting person filing the SC 13G/A
• Funko, Inc. (company) — the subject company whose securities are being reported
• ACON FUNKO INVESTORS HOLDINGS 1, L.L.C. (company) — a group member associated with the reporting person
• ACON FUNKO INVESTORS HOLDINGS 2.5, L.L.C. (company) — a group member associated with the reporting person
• ACON FUNKO INVESTORS HOLDINGS 3.5, L.L.C. (company) — a group member associated with the reporting person
• ACON FUNKO INVESTORS, L.L.C. (company) — a group member associated with the reporting person
• ACON FUNKO MANAGER, L.L.C. (company) — a group member associated with the reporting person

FAQ

Key Financial Figures

• $0.0001 — ssuer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securitie

Filing Documents

• aconfunko13ga.htm (SC 13G/A) — 193KB
• 0001123292-24-000014.txt ( ) — 195KB

If this

Item 3. If this (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(K); (k) Group, in accordance with 240.13d-1(b)(1)(ii)(J); If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Ownership

Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) – (c) Reporting Person Amount beneficially owned (1)(2)(4) Percent of class (3)(4) Sole power to vote or to direct the vote: Shared power to vote or to direct the vote: Sole power to dispose or to direct the disposition of: Shared power to dispose or to direct the disposition of: ACON Equity GenPar, L.L.C. 1,104,751 2.1% 1,104,751 -0- 1,104,751 -0- ACON Funko Manager, L.L.C. 2,019,565 3.9% 2,019,565 -0- 2,019,565 -0- ACON Funko Investors, L.L.C. 1,322,293 2.6% 1,322,293 -0- 1,322,293 -0- ACON Funko Investors Holdings 1, L.L.C. 690,974 1.3% 690,974 -0- 690,974 -0- ACON Funko Investors Holdings 2.5, L.L.C. 291,347 0.6% 291,347 -0- 291,347 -0- ACON Funko Investors Holdings 3.5, L.L.C. 813,404 1.6% 813,404 -0- 813,404 -0- (1) ACON Funko Manager, L.L.C. is (x) the sole manager of, and exercises voting and investment power over shares held by, ACON Funko Investors, L.L.C. and (y) the sole managing member of, and exercises voting and investment power over shares held by, ACON Funko Investors Holdings 1, L.L.C. ACON Equity GenPar, L.L.C. is the sole managing member of, and exercises voting and investment power over shares held by, each of ACON Funko Investors Holdings 2.5, L.L.C., formerly known as ACON Funko Investors Holdings 2, L.L.C. and ACON Funko Investors Holdings 3.5, L.L.C., formerly known as ACON Funko Investors Holdings 3, L.L.C. Voting and investment decisions at ACON Funko Manager, L.L.C. are made by a board of managers comprised of three or more members . Voting and investment decisions at ACON Equity GenPar, L.L.C. are made by an investment committee comprised of three or more members . Each of the members of the board of managers and investment committee, as applicable, disclaims beneficial ownership of these securi

Ownership of

Item 5. Ownership of Five Percent or Less of a Class Not Applicable.

Ownership of

Item 6. Ownership of More than Five Percent on Behalf of Another Person Not Applicable.

Identification and Classification of the Subsidiary Which Acquired the Security Being

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Not Applicable.

Identification

Item 8. Identification and Classification of Members of the Group Not Applicable.

Notice of

Item 9. Notice of Dissolution of Group Not Applicable.

Certification

Item 10. Certification Not Applicable. 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: February 5, 2024 ACON EQUITY GENPAR, L.L.C. By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer ACON FUNKO MANAGER, L.L.C. By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer ACON FUNKO INVESTORS, L.L.C. By: ACON Funko Manager, L.L.C., its Manager By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer ACON FUNKO INVESTORS HOLDINGS 1, L.L.C. By: ACON Funko Manager, L.L.C., its Managing Member By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer ACON FUNKO INVESTORS HOLDINGS 2.5, L.L.C. By: ACON Equity GenPar, L.L.C., its Managing Member By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer ACON FUNKO INVESTORS HOLDINGS 3.5, L.L.C. By: ACON Equity GenPar, L.L.C., its Managing Member By: /s/ Teresa Y. Bernstein Teresa Y. Bernstein Secretary and Assistant Treasurer LIST OF EXHIBITS Exhibit No. Description 99.1 Joint Filing Agreement. Exhibit 99.1 AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Dated: February 5, 2024 ACON EQUITY G

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