Cyrus Capital Partners Amends Garrett Motion Stake Filing
Ticker: GTX · Form: SC 13D/A · Filed: Mar 7, 2024 · CIK: 1735707
| Field | Detail |
|---|---|
| Company | Garrett Motion INC. (GTX) |
| Form Type | SC 13D/A |
| Filed Date | Mar 7, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: schedule-13d, amendment, ownership-filing
Related Tickers: GTX
TL;DR
CYRUS CAPITAL AMENDS GARRETT MOTION (GTX) 13D FILING - OWNERSHIP UPDATE
AI Summary
Cyrus Capital Partners, L.P. filed an amendment (No. 2) to its Schedule 13D on March 7, 2024, regarding its holdings in Garrett Motion Inc. The filing indicates a change in the beneficial ownership of Garrett Motion Inc. common stock. Cyrus Capital Partners, L.P. is a significant shareholder in the company.
Why It Matters
This filing updates the market on significant changes in beneficial ownership for a major shareholder of Garrett Motion Inc., potentially signaling shifts in investment strategy or influence.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to increased stock volatility.
Key Players & Entities
- Cyrus Capital Partners, L.P. (company) — Filing entity
- Garrett Motion Inc. (company) — Subject company
- Jennifer M. Pulick (person) — General Counsel for Cyrus Capital Partners, L.P.
- 366505105 (other) — CUSIP Number for Garrett Motion Inc. Common Stock
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The filing is an amendment (No. 2) to Schedule 13D, indicating a change in beneficial ownership, but the exact percentage or number of shares changing hands is not detailed in the provided header information.
When was this amendment filed with the SEC?
This amendment was filed on March 7, 2024.
Who is the filing entity making this amendment?
The filing entity is Cyrus Capital Partners, L.P.
What is the subject company of this filing?
The subject company is Garrett Motion Inc.
What is the CUSIP number for the securities involved?
The CUSIP number for Garrett Motion Inc. Common Stock is 366505105.
Filing Stats: 1,391 words · 6 min read · ~5 pages · Grade level 9.3 · Accepted 2024-03-07 17:24:30
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value per share (Title of Class of
Filing Documents
- p24-1154sc13da.htm (SC 13D/A) — 67KB
- 0000902664-24-002277.txt ( ) — 69KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: March 7, 2024 Cyrus Capital Partners, L.P. By: Cyrus Capital Partners GP, L.L.C., its general partner By: /s/ Stephen C. Freidheim Name: Stephen C. Freidheim Title: Sole Member/Manager Cyrus Capital Partners GP, L.L.C. By: /s/ Stephen C. Freidheim Name: Stephen C. Freidheim Title: Sole Member/Manager Cyrus Capital Advisors, L.L.C. By: Cyrus Capital Partners GP, L.L.C., Its managing member By: /s/ Stephen C. Freidheim Name: Stephen C. Freidheim Title: Sole Member/Manager /s/ Stephen C. Freidheim Stephen C. Freidheim SCHEDULE A Transactions in the Shares of Common Stock of the Issuer by the Reporting Persons During the Past Sixty (60) Days The following table sets forth all transactions in the shares of Common Stock reported herein effected during the past sixty (60) days. Except as noted below, all such transactions were effected by the Reporting Persons in the open market through brokers and the price per share excludes commissions. Where a price range is provided in the column titled "Price Range ($)", the price reported in the column titled "Price Per Share ($)" is a weighted average price. These shares of Common Stock were sold or purchased in multiple transactions at prices between the price ranges indicated in the column titled "Price Range ($)". The Reporting Persons will undertake to provide to the staff of the SEC, upon request, full information regarding the number of shares of Common Stock sold or purchased at each separate price. Trade Date Shares Purchased (Sold) Price Per Share ($) Price Range ($) 02/15/2024 (29,860) 9.1975 9.15 – 9.295 02/22/2024 (200,000) 9.35 03/01/2024 (300,000) 9.7343 9.60 – 9.905 03/05/2024 (200,000) 9.80