325 Capital Amends Stake in Motorcar Parts of America

Ticker: MPAA · Form: SC 13D/A · Filed: Aug 14, 2024 · CIK: 918251

Sentiment: neutral

Topics: 13D-filing, amendment, beneficial-ownership

Related Tickers: MPA

TL;DR

325 Capital just updated their 13D filing for MPA. Something's changing.

AI Summary

325 Capital LLC has amended its Schedule 13D filing regarding Motorcar Parts of America, Inc. (MPA) as of August 14, 2024. The filing indicates a change in beneficial ownership, though specific details on the percentage or number of shares acquired or disposed of are not immediately clear from this excerpt. The amendment suggests ongoing activity or a shift in the investment strategy of 325 Capital LLC concerning MPA.

Why It Matters

This amendment signals a potential shift in control or influence over Motorcar Parts of America, Inc. by 325 Capital LLC, which could impact the company's strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility and strategic shifts for the company.

Key Players & Entities

FAQ

What is the specific nature of the change in beneficial ownership reported by 325 Capital LLC?

The provided excerpt is an amendment notification and does not detail the specific changes in beneficial ownership (e.g., number of shares, percentage). Further review of the full filing is required.

When was the previous Schedule 13D filing made by 325 Capital LLC for Motorcar Parts of America, Inc.?

The filing is an 'Amendment No. 3', indicating prior filings, but the date of the previous filing is not specified in this excerpt.

What is the business address of Motorcar Parts of America, Inc.?

The business address for Motorcar Parts of America, Inc. is 2929 California Street, Torrance, CA 90503.

What is the business address of 325 Capital LLC?

The business address for 325 Capital LLC is 757 Third Avenue, 20th Floor, New York, NY 10017.

What is the SIC code for Motorcar Parts of America, Inc.?

The Standard Industrial Classification (SIC) code for Motorcar Parts of America, Inc. is 3714, which corresponds to MOTOR VEHICLE PARTS & ACCESSORIES.

Filing Stats: 2,532 words · 10 min read · ~8 pages · Grade level 10.3 · Accepted 2024-08-14 17:19:29

Key Financial Figures

Filing Documents

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration .

is hereby amended and restated to read

Item 3 is hereby amended and restated to read as follows: As of the date hereof, the Reporting Persons are deemed to beneficially own the Shares as detailed in Item 5. The aggregate purchase price for the 301,956 Shares beneficially owned directly by 325 Master Fund is approximately $5,137,335. The aggregate purchase price for the 1,373,079 Shares beneficially owned by 325, as the investment manager of the SMAs, is approximately $21,200,365 (inclusive of brokerage commissions and other costs of execution). The source of funding for the transactions pursuant to which the Reporting Persons obtained beneficial ownership of the Shares was derived from the respective capital of the clients of 325 Master Fund and 325.

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer . Items 5(a) – (c) are hereby amended and restated to read as follows: (a) As of the close of business on August 14, 2023, the Reporting Persons beneficially owned an aggregate of 1,675,035 Shares, which represented 8.5% of the outstanding Shares, based upon 19,753,585 Shares outstanding as of August 1, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2024. (b) Sole power to vote or direct the vote: 0 Shared power to vote or direct the vote: 1,675,035 Sole power to dispose or to direct the disposition: 0 Shared power to dispose or direct the disposition: 1,675,035 (c) Since the filing of Amendment No. 2 to the Schedule 13D, none of the Reporting Persons has effected any transactions in the Shares, except as set forth on Schedule A. 8 CUSIP No. 620071100

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this Dated: August 14, 2024 325 CAPITAL MASTER FUND LP By: 325 Capital GP, LLC, its General Partner By: /s/ Michael Braner Name: Michael Braner Title: Managing Member 325 CAPITAL GP LLC By: /s/ Michael Braner Name: Michael Braner Title: Managing Member 325 CAPITAL LLC By: /s/ Michael Braner Name: Michael Braner Title: Managing Partner MICHAEL BRANER By: /s/ Michael Braner Name: Michael Braner DANIEL FRIEDBERG By: /s/ Daniel Friedberg Name: Daniel Friedberg ANIL SHRIVASTAVA By: /s/ Anil Shrivastava Name: Anil Shrivastava 9 CUSIP No. 620071100 SCHEDULE A Transactions in Shares of the Issuer since the Filing of Amendment No. 2 to the Schedule 13D (all purchases and sales effected on the NASDAQ except as indicated below) Nature of the Transaction Amount of Securities Purchased/(Sold) Price ($) Date of Purchase/Sale 325 Capital Master Fund LP Purchase of Common Stock 5,677 $6.0904 1 07/30/2024 Purchase of Common Stock 2,316 $6.0525 2 07/31/2024 Purchase of Common Stock 2,445 $5.9994 3 08/01/2024 Purchase of Common Stock 3,802 $5.9602 4 08/02/2024 Purchase of Common Stock 3,178 $5.8622 5 08/05/2024 Purchase of Common Stock 3,770 $5.8949 6 08/06/2024 Purchase of Common Stock 1,941 $5.8722 7 08/07/2024 Purchase of Common Stock 11,452 $5.9226 8 08/08/2024 Purchase of Common Stock 2,012 $5.9285 9 08/09/2024 Purchase of Common Stock 129 $6.0918 10 08/12/2024 Purchase of Common Stock 626 $6.1424 11 08/13/2024 325 Capital LLC (through the SMAs) Purchase of Common Stock 35,737 $6.0904 1 07/30/2024 Purchase of Common Stock 14,581 $6.0525 2 07/31/2024 Purchase of Common Stock 15,394 $5.9994 3 08/01/2024 Purchase of Common St

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