Lubar Group Amends Stake in Hallador Energy

TL;DR

Lubar Group just updated their Hallador Energy (HNRG) filing. Keep an eye on this one.

AI Summary

On April 2, 2024, Lubar Equity Fund, LLC, along with related entities David J. Lubar Group and Lubar Opportunities Fund I LLC, filed an amendment to their Schedule 13D. This filing indicates a change in beneficial ownership of Hallador Energy Co. (ticker: HNRG). The filing does not specify the exact percentage of shares owned or the dollar amount involved, but it signifies an active stake by the Lubar Group in Hallador Energy.

Why It Matters

This filing signals a potential shift in control or influence for Hallador Energy Co. as a significant investor updates its holdings.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or shifts in stock price, warranting attention.

Key Players & Entities

• Lubar Equity Fund, LLC (company) — Filer of the Schedule 13D/A
• David J. Lubar Group (company) — Group member in the filing
• Lubar Opportunities Fund I LLC (company) — Group member in the filing
• Hallador Energy Co (company) — Subject company

FAQ

Key Financial Figures

• $0.01 — —————— (Name of Issuer) Common Stock, $0.01 par value ———————————————————————————

Filing Documents

• lbre20240402_sc13da.htm (SC 13D/A) — 72KB
• 0001437749-24-010677.txt ( ) — 74KB

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration

of the Schedule 13D is hereby deleted and replaced with the following

Item 3 of the Schedule 13D is hereby deleted and replaced with the following: Prior to March 29, 2024, Lubar Equity Fund, LLC ("LEF"), a Wisconsin limited liability company, held 2,788,685 shares of Issuer Common Stock. Such shares were purchased from the Issuer in private placements or from shareholders of the Issuer in private transactions, for cash from the working capital of LEF. The Reporting Entity, Lubar & Co., Incorporated is the sole manager of LEF, and as a result, may be deemed to beneficially own the shares of Issuer Common stock held by LEF. Prior to March 29, 2024, Lubar Opportunities Fund I, LLC ("LOFI"), a Wisconsin limited liability company held 1,204,040 shares of Issuer Common Stock. The Reporting Entity, Lubar & Co., Incorporated, is the sole manager of LOFI, and as a result, may be deemed to beneficially own the shares of Issuer Common stock held by LOFI. On March 29, 2024, the Company elected to pay the interest due on two unsecured convertible promissory notes issued by the Issuer to LOFI in the amount equal to 180,112 shares of the Issuer's Common Stock. The Reporting Entity, Lubar & Co., Incorporated, is the sole manager of LOFI, and as a result, may be deemed to beneficially own the shares of Issuer Common stock held by LOFI. Additionally, on March 29, 2024, LOFI, acquired 1,279,182 shares of Issuer Common Stock. Such shares were purchased from the Issuer upon conversion of two convertible notes issued by the Issuer to LOFI. The Reporting Entity, Lubar & Co., Incorporated, is the sole manager of LOFI, and as a result, may be deemed to beneficially own the shares of Issuer Common stock held by LOFI. In accordance with the policies and procedures of the Reporting Person, Lubar & Co., Incorporated serves as investment manager over, and exercises in its sole discretion the entire voting and dispositive power with respect to, all shares of the Issuer held by each of LEF and LOFI. Mr. David J. Lubar serves as the CEO of Lubar & Co., Incorpo

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer

of the Schedule 13D is hereby deleted and replaced with the following

Item 5 of the Schedule 13D is hereby deleted and replaced with the following: As of March 29, 2024, Lubar & Co., Incorporated beneficially owns 5,452,019 shares of Issuer Common Stock with shared voting and dispositive power, consisting of 2,788,685 shares held by LEF and 2,663,334 shares held by LOFI. Lubar & Co., Incorporated is the sole manager of each of LEF and LOFI and possesses investment management control over all shares of Issuer Common Stock held by each of LEF and LOFI. In the aggregate, Lubar & Co., Incorporated beneficially owns 5,452,019 shares of Issuer Common Stock, representing 15.09% of the outstanding shares of Issuer Common Stock. As of April 1, 2024, there were 36,134,595 outstanding shares of Issuer Common Stock after the conversion and interest payment to LOFI made in shares of Issuer Common Stock.

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. Dated: April 2, 2024 LUBAR EQUITY FUND, LLC By Lubar & Co., Incorporated, Sole Manager _____________________________________ By: David J. Lubar President and CEO of Lubar & Co. Incorporated, sole manager of Lubar Equity Fund, LLC Dated: April 2, 2024 LUBAR OPPORTUNITES FUND I, LLC By Lubar & Co., Incorporated, Sole Manager _________________________________________ By: David J. Lubar President and CEO of Lubar & Co., Incorporated, sole manager of Lubar Opportunities Fund I, LLC

View Full Filing

View this SC 13D/A filing on SEC EDGAR