Bloom Retirement Holdings Amends Finance of America Stake
Ticker: FOACW · Form: SC 13D/A · Filed: Jan 16, 2024 · CIK: 1828937
Complexity: simple
Sentiment: neutral
Topics: insider-ownership, amendment, shareholder-update
TL;DR
**Bloom Retirement Holdings just updated its stake in Finance of America, watch for potential shifts.**
AI Summary
Bloom Retirement Holdings Inc. (formerly American Advisors Group) has filed an amendment to its Schedule 13D, indicating a change in its beneficial ownership of Finance of America Companies Inc. Class A Common Stock. This amendment, dated January 15, 2024, updates previous disclosures regarding their stake in Finance of America. This matters to investors because changes in significant shareholder positions can signal shifts in confidence or strategic intent, potentially influencing the stock's perception and future performance.
Why It Matters
This filing updates the public on a significant shareholder's position, which can impact investor sentiment and potentially signal future strategic moves for Finance of America Companies Inc.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and does not inherently indicate a high-risk event, but rather a change in reporting.
Analyst Insight
Investors should monitor subsequent filings from Bloom Retirement Holdings Inc. to understand the nature of the changes in their stake and assess any potential impact on Finance of America Companies Inc.'s stock price or strategic direction.
Key Players & Entities
- Bloom Retirement Holdings Inc. (company) — filer of the SC 13D/A, formerly American Advisors Group
- Finance of America Companies Inc. (company) — subject company whose Class A Common Stock is being reported
- Reza Jahangiri (person) — person authorized to receive notices and communications for the filing
- January 15, 2024 (date) — date of the event requiring the filing of this statement
FAQ
What is the purpose of this specific SC 13D/A filing?
This SC 13D/A filing is an Amendment No. 2 to a Schedule 13D, updating previous disclosures regarding Bloom Retirement Holdings Inc.'s beneficial ownership of Finance of America Companies Inc. Class A Common Stock, with the date of the event requiring the filing being January 15, 2024.
Who is the filer of this SC 13D/A?
The filer of this SC 13D/A is Bloom Retirement Holdings Inc., which was formerly known as American Advisors Group, as indicated by the 'FORMER COMPANY' section of the filing.
What is the subject company whose securities are being reported?
The subject company is Finance of America Companies Inc., and the securities being reported are its Class A Common Stock, identified by CUSIP Number 31738L107.
Who is listed as the contact person for notices and communications related to this filing?
Reza Jahangiri is listed as the person authorized to receive notices and communications, with an address at 895 Dove Street, Suite 300, Newport Beach, CA 92660, and a phone number of (866) 948-0003.
What is the Central Index Key (CIK) for Finance of America Companies Inc.?
The Central Index Key (CIK) for Finance of America Companies Inc. is 0001828937, as stated in the 'COMPANY DATA' section of the filing.
Filing Stats: 1,453 words · 6 min read · ~5 pages · Grade level 12.9 · Accepted 2024-01-16 16:15:16
Key Financial Figures
- $0.0001 — ares of Class A common stock, par value $0.0001 per share (the “Class A Common St
Filing Documents
- formsc13da.htm (SC 13D/A) — 76KB
- 0001493152-24-002437.txt ( ) — 78KB
SIGNATURES
SIGNATURES 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. Date : January 16, 2024 Bloom Retirement Holdings Inc. By: /s/ Reza Jahangiri Name: Reza Jahangiri Title: Majority Shareholder /s/ Reza Jahangiri Reza Jahangiri