Maran Partners Fund Files 13D/A for Horizon Kinetics

TL;DR

Maran Partners Fund updated their Horizon Kinetics stake on 8/5/24.

AI Summary

Maran Partners Fund, LP, along with Daniel J. Roller and other Maran entities, has filed an amendment to their Schedule 13D concerning Horizon Kinetics Holding Corp. The filing, dated August 5, 2024, indicates a change in their beneficial ownership. The group's business address is listed as 470 Park Ave S., New York, NY 10016.

Why It Matters

This filing signals a potential shift in the ownership structure or strategy of Horizon Kinetics Holding Corp, which could impact its stock price and future business decisions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant investor activity that can lead to volatility.

Key Players & Entities

• Maran Partners Fund, LP (company) — Filing entity
• Horizon Kinetics Holding Corp (company) — Subject company
• Daniel J. Roller (person) — Group member
• Maran Capital Management, LLC (company) — Group member
• Maran Partners GP, LLC (company) — Group member
• Maran SPV GP, LLC (company) — Group member
• Maran SPV, LP (company) — Group member

FAQ

Key Financial Figures

• $0.10 — ation (Name of Issuer) Common Stock, $0.10 par value per share (Title of Class o

Filing Documents

• e663817_sc13da-hkhc.htm (SC 13D/A) — 111KB
• 0001193805-24-000991.txt ( ) — 113KB

Purpose of Transaction

Item 4. Purpose of Transaction.

is hereby amended to

Item 4 is hereby amended to add the disclosure below. In addition, all amounts relating to Common Stock (as defined below) appearing in the Prior Schedule 13D’s

shall be deemed adjusted to reflect the Reverse Stock Split (as defined below) on August 1, 2024

Item 4 shall be deemed adjusted to reflect the Reverse Stock Split (as defined below) on August 1, 2024. On August 1, 2024, Horizon Kinetics Holding Corporation (the “Company”), formerly known as “Scott’s Liquid Gold-Inc.,” completed its previously announced merger in accordance with the terms and conditions of the Agreement and Plan of Merger, dated December 19, 2023, as amended by the First Amendment to the Agreement and Plan of Merger, dated May 10, 2024 (collectively, the “Merger Agreement”), by and among Scott’s Liquid Gold-Inc., a Colorado corporation (“Scott’s”), Horizon Kinetics, LLC, a Delaware limited liability company (“Horizon Kinetics”), and HKNY One, LLC, a Delaware limited liability company and wholly owned subsidiary of Scott’s (“Merger Sub”). In accordance with the Merger Agreement, Merger Sub merged with and into Horizon Kinetics, with Horizon Kinetics surviving the merger as a wholly- owned subsidiary of the Company (the “Merger”). In connection with the Merger, the Company effected a reverse stock split of the Company’s outstanding shares of common stock, par value $0.10 per share (the “Common Stock”) at a ratio of 1-for-20 (the “Reverse Stock Split”). One purpose of the Reverse Stock Split was to make available a sufficient number of shares of Common Stock for issuance as merger consideration to the members of Horizon Kinetics. In the Merger, all of the shares of Common Stock outstanding immediately after the effective time of the Merger). These shares were issued to the members of Horizon Kinetics. As a result, immediately after the effective time of the Merger, Scott’s legacy shareholders collectively held approximately 3.5% of the shares of the Company’s com

Interest in Securities of the Issuer

Item 5.Interest in Securities of the Issuer. Items 5(a), (b), (c) and (e) are hereby amended as follows: The aggregate percentage of shares of Common Stock reported owned by each person named herein is based upon 18,634,745 shares outstanding, as of August 1, 2024. A. Maran Partners LP a. As of the date hereof, Maran Partners LP directly owned 210,707 shares of Common Stock. Percentage: Approximately 1.13% Page 8 of 12 CUSIP No. 439913104 b. 1. Sole power to vote or direct to vote: 0 2. Shared power to vote or direct the vote: 210,707 3. Share power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 210,707 c. The Reporting Person effected no transactions in the past 60 days in the class of securities reported on except as described in Item 4. e. As a result of the Merger described herein, Maran Partners LP ceased to be a beneficial owner of more than five percent of the outstanding Common Stock as of August 1, 2024 and will no longer be a Reporting Person. B. Maran Partners GP, LLC a. Maran Partners GP, as the general partner of Maran Partners, LP, may be deemed to beneficially own the 210,707 shares of Common Stock owned directly by Maran Partners LP. Percentage: Approximately 1.13% b. 1. Sole power to vote or direct to vote: 0 2. Shared power to vote or direct the vote: 210,707 3. Share power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 210,707 c. The Reporting Person effected no transactions in the past 60 days in the class of securities reported on except as described in Item 4. e. As a result of the Merger described herein, Maran Partners GP, LLC ceased to be a beneficial owner of more than five percent of the outstanding Common Stock as of August 1, 2024 and will no longer be a Reporting Person. C. Maran SPV, LP a. As of the date hereof, Maran SPV, LP directly owned 42,000 shares of Common Stock. Percentage: Approximately 0.23% b.

View Full Filing

View this SC 13D/A filing on SEC EDGAR