DG Capital Management Holds 7.0% Stake in Inspired Entertainment
Ticker: INSE · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1615063
| Field | Detail |
|---|---|
| Company | Inspired Entertainment, INC. (INSE) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**DG Capital Management now owns 7.0% of Inspired Entertainment, holding 1,727,257 shares.**
AI Summary
DG Capital Management, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 29, 2024, indicating a change in their beneficial ownership of Inspired Entertainment, Inc. common stock. As of January 5, 2024, DG Capital Management now beneficially owns 1,727,257 shares, representing 7.0% of the company's outstanding common stock. This filing is an update to their previous holdings and signals a notable, though not controlling, stake in the gaming technology company.
Why It Matters
This filing shows a significant institutional investor, DG Capital Management, has a substantial stake in Inspired Entertainment, which can influence stock stability and investor confidence.
Risk Assessment
Risk Level: low — This filing indicates a stable, non-controlling institutional ownership, which generally reduces volatility risk.
Analyst Insight
Investors should note that a significant institutional investor maintains a substantial, though not controlling, stake in Inspired Entertainment, which could be a sign of long-term confidence in the company's prospects.
Key Numbers
- 1,727,257 — Shares Beneficially Owned (Number of Inspired Entertainment, Inc. common stock shares owned by DG Capital Management, LLC)
- 7.0% — Percentage of Class (Percentage of Inspired Entertainment, Inc.'s common stock beneficially owned by DG Capital Management, LLC)
- 45782N108 — CUSIP Number (Unique identification number for Inspired Entertainment, Inc. common stock)
Key Players & Entities
- DG Capital Management, LLC (company) — Reporting Person, beneficial owner of shares
- Inspired Entertainment, Inc. (company) — Subject Company, whose stock is being reported
- Delaware (place) — Place of organization for DG Capital Management, LLC
- January 5, 2024 (date) — Date of event requiring the filing
- January 29, 2024 (date) — Date the SC 13G/A was filed
Forward-Looking Statements
- DG Capital Management will maintain its significant stake in Inspired Entertainment for the foreseeable future. (DG Capital Management, LLC) — medium confidence, target: Q3 2024
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) to a previous Schedule 13G, indicating a change in beneficial ownership of Inspired Entertainment, Inc. common stock by DG Capital Management, LLC, as required by the Securities Exchange Act of 1934.
Who is the reporting person in this filing and what is their organizational structure?
The reporting person is DG Capital Management, LLC, an entity organized in Delaware, USA. They are an investment management firm.
What is the exact number of shares beneficially owned by DG Capital Management, LLC as reported in this filing?
As of January 5, 2024, DG Capital Management, LLC beneficially owns 1,727,257 shares of Inspired Entertainment, Inc. common stock.
What percentage of Inspired Entertainment, Inc.'s common stock does DG Capital Management, LLC now own?
DG Capital Management, LLC now beneficially owns 7.0% of the common stock of Inspired Entertainment, Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was January 5, 2024.
Filing Stats: 1,554 words · 6 min read · ~5 pages · Grade level 9 · Accepted 2024-01-29 16:10:28
Filing Documents
- formsc13ga.htm (SC 13G/A) — 141KB
- ex1.htm (EX-1) — 12KB
- 0001493152-24-004147.txt ( ) — 154KB
From the Filing
SC 13G/A 1 formsc13ga.htm UNITED SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Inspired Entertainment, Inc. Common Stock (Title of Class of Securities) 45782N108 (CUSIP Number) January 5, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule 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. 45782N108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) DG Capital 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 Delaware, USA NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,727,257* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1, 727,257* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,257* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IA CUSIP No. 45782N108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) DG Value Partners II Master Fund, LP 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 Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,544,234* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,544,234* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,544,234* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.8%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) PN CUSIP No. 45782N108 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Dov Gertzulin 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 United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,727,257* 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,727,257* 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,727,257* 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.5%* 12. TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC Item 1. (a). Name of Issuer: Inspired Entertainment, Inc. (the “Issuer”) (b). Address of issuer’s principal executive offices: 250 West 57th Street, Suite 415 New York, NY 10107 Item 2. (a). Name of person filing: DG Capital Management, LLC* DG Value Partners II Master Fund, LP* Dov Gertzulin* (b). Address or principal business office or, if none, residence: 460 Park Avenue, 22nd Floor New York, NY 10022 (c). Citizenship: DG Capital Management, LLC – Delaware, USA DG Value Partners II Master Fund, LP – Cayman Islands Dov Gertzulin – United States (d). Title of class of securities: Common Stock (e). CUSIP No.: 45782N108 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: N/A Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: DG Capital Management, LLC: 1,727,257* DG Value Partners II Master Fund, LP: 1,544,234* Dov Gertzulin– 1,727,257* (b) Percent of class: DG Capital Management, LLC: 6.5%* DG Value Partners II Master Fund, LP: 5.8%* Dov Gertzulin: 6.5%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote DG Capital Management, LLC: