Wesley Edens Amends Stake in New Fortress Energy
Ticker: NFE · Form: SC 13D · Filed: Oct 3, 2024 · CIK: 1749723
Sentiment: neutral
Topics: schedule-13d, beneficial-ownership, amendment
Related Tickers: NFE
TL;DR
**EDENS CHANGES NFE STAKE - AMENDMENT 6 FILED**
AI Summary
Wesley R. Edens, through entities like 01 Energy & Transportation, has amended their Schedule 13D filing for New Fortress Energy Inc. on October 3, 2024. This filing, designated as Amendment No. 6, indicates a change in beneficial ownership of the company's Class A Common Stock. The specific details of the change in ownership percentage or the exact number of shares acquired or disposed of are not explicitly stated in this excerpt, but the filing is required due to an event on October 1, 2024.
Why It Matters
This filing signals a potential shift in control or significant investment activity by a major shareholder in New Fortress Energy, which could influence the company's stock performance and strategic direction.
Risk Assessment
Risk Level: medium — Schedule 13D filings, especially amendments, often indicate significant changes in beneficial ownership by major shareholders, which can lead to increased stock volatility.
Key Numbers
- 6 — Amendment Number (Indicates this is the sixth update to the filing.)
- 20241003 — Filing Date (Date the amendment was officially filed with the SEC.)
- 20241001 — Date of Event (The date triggering the requirement for this filing amendment.)
Key Players & Entities
- New Fortress Energy Inc. (company) — Subject Company
- Wesley R. Edens (person) — Filing Person
- 01 Energy & Transportation (company) — Filing Entity
- Class A Common Stock (security) — Title of Class of Securities
FAQ
What specific change in beneficial ownership does Amendment No. 6 report for New Fortress Energy Inc.?
The provided excerpt does not detail the specific change in beneficial ownership, only that an amendment (No. 6) was filed on October 3, 2024, related to an event on October 1, 2024.
Who is the primary filer for this Schedule 13D/A?
The primary filer is Wesley R. Edens, with the filing made through entities such as 01 Energy & Transportation.
What is the CUSIP number for New Fortress Energy Inc.'s Class A Common Stock?
The CUSIP number for New Fortress Energy Inc.'s Class A Common Stock is 644393 100.
When was the previous Schedule 13G filing for this acquisition?
The filing excerpt mentions the possibility of a previous Schedule 13G filing but does not provide the date for it.
What is the business address and phone number associated with the filing?
The business address listed for Wesley R. Edens is 1345 Avenue of the Americas, 45th Floor, New York, NY 10105, and the telephone number is (516) 268-7400.
Filing Stats: 1,175 words · 5 min read · ~4 pages · Grade level 11.7 · Accepted 2024-10-03 18:12:42
Key Financial Figures
- $8.63 — ffering at the public offering price of $8.63 per share and on the same terms as the
Filing Documents
- nfe-edenssc13dam6oct2024.htm (SC 13D) — 37KB
- 0001749723-24-000095.txt ( ) — 39KB
Source and Amount of Funds or Other Consideration
Item 3. Source and Amount of Funds or Other Consideration
to the Schedule 13D is hereby amended by the addition of the following text
Item 3 to the Schedule 13D is hereby amended by the addition of the following text On October 1, 2024, the Reporting Person agreed to purchase 5,793,742 Class A Shares in the Issuer's underwritten public offering at the public offering price of $8.63 per share and on the same terms as the other purchasers in the offering. The offering closed on October 2, 2024. These Class A Shares were purchased with personal funds of the Reporting Person.
Purpose of Transaction
Item 4. Purpose of Transaction
to the Schedule 13D is hereby amended by the addition of the following text
Item 4 to the Schedule 13D is hereby amended by the addition of the following text The Reporting Person purchased the Class A Shares referenced in Item 3 for investment purposes.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
is hereby amended and restated as follows
Item 5 is hereby amended and restated as follows (a) — (b) The aggregate number and percentage of Class A Shares beneficially owned by the Reporting Person (on the basis of a total of 205,067,047 Class A Shares outstanding as of August 6, 2024, as reported by the Issuer in its Form 10-Q filed with the SEC on August 9, 2024, plus 46,349,942 Class A Shares subsequently issued in connection with the Issuer's underwritten public offering, as reported by the Issuer in its Form 8-K filed with the SEC on October 1, 2024) are as follows Amount beneficially owned 53,334,666 Percentage 21.2% Number of shares to which the Reporting Person has i. Sole power to vote or to direct the vote 53,334,666 ii. Shared power to vote or to direct the vote 0 iii. Sole power to dispose or to direct the disposition of 53,334,666 iv. Shared power to dispose or to direct the disposition of 0 (c) The information contained in Item 3 above is incorporated herein by reference. Except as described therein, the Reporting Person has not effected any transactions in the Class A Shares during the past 60 days. (d) The Reporting Person holds Class A Shares through WRE 2012 GST Exempt Trust LLC (formerly known as WRE 2012 Trust LLC) and Edens Family Partners LLC, entities controlled by the Reporting Person, but has the sole right to receive or direct the receipt of dividends on and the proceeds from the sale of the Class A Shares reported on the cover page of this Schedule 13D and in this Item 5. No other person is known by the Reporting Person to have the right to receive or the power to direct the receipt of dividends on or the proceeds from the sale of the Class A Shares beneficially owned by the Reporting Person. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date October 3, 2024 By s Wesley R. Edens Name Wesley R. Edens