Sentinel Capital Partners Adjusts Holley Inc. Stake

TL;DR

Sentinel Capital Partners V, L.P. now owns 15.1% of Holley Inc. after filing amendment 5.

AI Summary

Sentinel Capital Partners V, L.P. and its affiliates have filed an amendment (No. 5) to their Schedule 13D concerning Holley Inc. as of September 13, 2024. The filing indicates a change in beneficial ownership, with Sentinel Capital Partners V, L.P. now holding 26,600,000 shares, representing approximately 15.1% of the outstanding common stock. This filing is an update to their previous disclosures regarding their investment in Holley Inc.

Why It Matters

This filing signals a potential shift in control or influence for Holley Inc., as a significant investment firm updates its ownership stake, which could impact future strategic decisions.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant investment firms can indicate shifts in strategy or potential future actions that may affect the company's stock price.

Key Numbers

• 26,600,000 — Shares Owned (Represents the total number of shares held by Sentinel Capital Partners V, L.P. and its affiliates.)
• 15.1% — Ownership Stake (Indicates the percentage of Holley Inc. common stock beneficially owned by the filing group.)

Key Players & Entities

• Sentinel Capital Partners V, L.P. (company) — Filing entity and significant shareholder
• Holley Inc. (company) — Subject company
• Vincent E. Taurassi (person) — General Counsel for Sentinel Capital Partners
• 26,600,000 (dollar_amount) — Number of shares held by Sentinel Capital Partners V, L.P.
• 15.1% (dollar_amount) — Percentage of Holley Inc. common stock owned

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d601682dsc13da.htm (SC 13D/A) — 126KB
• 0001193125-24-218895.txt ( ) — 128KB

of this

Item 4 of this Schedule 13D is hereby amended and supplemented to include the following: On September 12, 2024, Holley Parent Holdings, LLC, d/b/a Sentinel Holley Holdings, ( Sentinel Holley ), made an in-kind distribution, in accordance with Sentinel Holleys governing documents, of an aggregate of 5,873,567 shares of Common Stock to certain of its members, who are primarily former members of management of the Issuer, in exchange for 100% of such members interests in Sentinel Holley (the Distribution ). Sentinel Holley is an entity ultimately controlled by Sentinel Capital Partners, LLC that was formed to hold the investment by its affiliated funds and certain other investors in Holley Inc. No members of Sentinel Holley that are institutional investors received any shares in the Distribution. The Issuer did not distribute or receive shares or receive any consideration in connection with the Distribution, and the Distribution did not create any new shares of Common Stock or change the number of shares of outstanding Common Stock of the Issuer. Item5. Interest in Securities of the Issuer Item 5 of this Schedule 13D is hereby amended and restated in its entirety as follows: The information set forth in or incorporated by reference in Item 4 and on the cover pages of this Schedule 13D is incorporated by reference in its entirety into this Item 5. (a) - (b) As of the date hereof, the Reporting Persons each beneficially own 43,300,317 shares of Common Stock, representing approximately 36.2% of the outstanding shares of Common Stock. The percentage of the outstanding shares of Common Stock held by the Reporting Person is based on 119,777,222 shares of Common Stock issued and outstanding as of August 5, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 7, 2024. (c) Except for the Distribution as reported herein, neither the Reporting Persons nor any of the individuals listed on Schedu

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