SC 13G: FRANKLIN STREET PROPERTIES CORP /MA/

AI Summary

SC 13G filing by FRANKLIN STREET PROPERTIES CORP /MA/.

Risk Assessment

Risk Level: low

Filing Documents

• formsc13g.htm (SC 13G) — 69KB
• 0001493152-24-045821.txt ( ) — 70KB

From the Filing

SC 13G 1 formsc13g.htm UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* FRANKLIN STREET PROPERTIES CORP. (Name of Issuer) COMMON STOCK, $.0001 PAR VALUE (Title of Class of Securities) 35471R106 (CUSIP Number) September 30, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 35471R106 (1) Names of Reporting Persons Newtyn Management, LLC (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) (3) SEC Use Only (4) Citizenship or Place of Organization New York Number of Shares Beneficially Owned by Each Reporting Person With: (5) Sole Voting Power: 7,150,000* (6) Shared Voting Power: 0 (7) Sole Dispositive Power: 7,150,000* (8) Shared Dispositive Power: 0 (9) Aggregate Amount Beneficially Owned by Each Reporting Person 7,150,000* (10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): (11) Percent of Class Represented by Amount in Row (9) 6.9%* (12) Type of Reporting Person (See Instructions) IA * See Item 4 for additional information. Item 1(a). Name of Issuer. Franklin Street Properties Corp. (the “Company”) Item 1(b). Address of Issuer’s Principal Executive Offices. 401 Edgewater Place, Suite 200 Wakefield, MA 01880 Item 2(a). Name of Person Filing. This report on Schedule 13G (this “Schedule 13G”) is being filed by Newtyn Management, LLC, a New York limited liability company (the “Reporting Person”). Item 2(b). Address of Principal Business Office or, if None, Residence. The address for the Reporting Person is 60 East 42 nd Street, 9 th Floor, New York, NY 10165. Item 2(c). Citizenship. The Reporting Person is organized under the laws of the State of New York. Item 2(d). Title of Class of Securities. Common Stock, $.0001 par value (the “Common Stock”). Item 2(e). CUSIP No. 35471R106 Item 3. If This Statement Is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a: (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. 73c). (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 §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)(J). (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership. (a) Amount Beneficially Owned: 7,150,000* (b) Percent of Class: 6.9%* (c) Number of Shares as to which the person has: (i) Sole power to vote or to direct the vote: 7,150,000* (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,150,000* (iv) Shared power to dispose or to direct the disposition of: 0 *The Reporting Person is the investment manager to Newtyn TE Partners, LP, a Delaware limited partnership (“NTE”) and Newtyn Partners, LP, a Delaware limited partnership (“NP”). As of September 30, 2024, NTE held 4,390,100 shares of Common Stock and NP held 2,759,900 shares of Common Stock. The Reporting Person, as the investment manager to NTE and NP, may be deemed to beneficially own these securities. Accordingly, as of September 30, 2024

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