Anson Funds Discloses Stake in Lovesac

TL;DR

**Anson Funds just filed a 13D on Lovesac. Watch this space.**

AI Summary

On July 9, 2024, Anson Funds Management LP, along with related entities and individuals including Amin Nathoo, Moez Kassam, and Tony Moore, filed an SC 13D, indicating a change in their beneficial ownership of The Lovesac Company. The filing details their holdings and intentions regarding the company's common stock.

Why It Matters

This filing signals a significant investor's increased attention and potential influence over The Lovesac Company, which could impact its stock price and strategic decisions.

Risk Assessment

Risk Level: medium — SC 13D filings often precede activist campaigns or significant strategic shifts, introducing uncertainty for the company and its shareholders.

Key Players & Entities

• Anson Funds Management LP (company) — Filing entity
• Amin Nathoo (person) — Group member of filing entity
• Moez Kassam (person) — Group member of filing entity
• Tony Moore (person) — Group member of filing entity
• The Lovesac Company (company) — Subject company
• Anson Advisors Inc. (company) — Group member of filing entity
• Anson Management GP LLC (company) — Group member of filing entity

FAQ

Key Financial Figures

• $0.00001 — pany (Name of Issuer) Common Stock, $0.00001 par value (Title of Class of Securiti
• $600,000 — a civil money penalty in the amount of $600,000, and (iii) ordered to pay disgorgement
• $2,469,109.11 — nd (iii) ordered to pay disgorgement of $2,469,109.11 and prejudgment interest of $261,285.30
• $261,285.30 — ,469,109.11 and prejudgment interest of $261,285.30. On June 11, 2024, Anson Funds and Ans
• $1,250,000 — thereunder; to a censure; and to pay a $1,250,000 civil money penalty, which will be time
• $1,000,000 — thereunder; to a censure; and to pay a $1,000,000 civil money penalty, which will be time
• $19,821,224 — he Funds. An aggregate of approximately $19,821,224 (excluding brokerage commissions) was u

Filing Documents

• d829698dsc13d.htm (SC 13D) — 131KB
• d829698dex991.htm (EX-99.1) — 7KB
• 0001193125-24-176749.txt ( ) — 140KB

From the Filing

SC 13D 1 d829698dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 240.13d-2(a) (Amendment No. ) The Lovesac Company (Name of Issuer) Common Stock, $0.00001 par value (Title of Class of Securities) 54738L109 (CUSIP Number) Tony Moore Anson Funds Management LP 16000 Dallas Parkway, Suite 800 Dallas, TX 75248 (214) 866-0202 With a copy to: Adriana Schwartz, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212)756-2000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 1, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on 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). SCHEDULE 13D CUSIP No. 54738L109 1 NAMES OF REPORTING PERSONS Anson Funds Management LP 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 814,363 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 814,363 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 814,363 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% 14 TYPE OF REPORTING PERSON (See Instructions) IA, PN SCHEDULE 13D CUSIP No. 54738L109 1 NAMES OF REPORTING PERSONS Anson Management GP LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Texas NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 814,363 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 814,363 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 814,363 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% 14 TYPE OF REPORTING PERSON (See Instructions) HC, OO SCHEDULE 13D CUSIP No. 54738L109 1 NAMES OF REPORTING PERSONS Tony Moore 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 814,363 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 814,363 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 814,363 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% 14 TYPE OF REPORTING PERSON (See Instructions) HC, IN SCHEDULE 13D CUSIP No. 54738L109 1 NAMES OF REPORTING PERSONS Anson Advisors Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (See Instructions) AF 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 814,363 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 814

View Full Filing

View this SC 13D filing on SEC EDGAR