Jermyn Street Associates Ups Inotiv Stake

TL;DR

Jermyn Street Associates now owns 4.9% of Inotiv, filing an amendment on 4/3/24.

AI Summary

Jermyn Street Associates LLC, on April 3, 2024, filed an amendment to its Schedule 13D regarding Inotiv, Inc. The filing indicates a change in beneficial ownership, with Jermyn Street Associates LLC now holding 1,710,000 shares, representing approximately 4.9% of the outstanding common stock. This filing follows previous amendments and suggests ongoing strategic interest in Inotiv, Inc.

Why It Matters

This filing signals a significant shareholder's continued or increased interest in Inotiv, potentially influencing corporate strategy or future M&A activity.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by significant stakeholders can indicate potential shifts in control or strategy, introducing uncertainty.

Key Numbers

• 1,710,000 — Shares Held (Beneficial ownership by Jermyn Street Associates LLC)
• 4.9% — Ownership Percentage (Represents Jermyn Street Associates LLC's stake in Inotiv, Inc.)

Key Players & Entities

• Jermyn Street Associates LLC (company) — Filing entity
• Inotiv, Inc. (company) — Subject company
• 1,710,000 (dollar_amount) — Number of shares held
• 4.9% (dollar_amount) — Percentage of shares held
• April 3, 2024 (date) — Filing date
• John Papachristos (person) — Legal counsel
• Donna M. Bryan (person) — Legal counsel

FAQ

Filing Documents

• ef20025938_sc13da.htm (SC 13D/A) — 70KB
• 0001140361-24-017477.txt ( ) — 72KB

From the Filing

SC 13D/A 1 ef20025938_sc13da.htm SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 3)* Inotiv, Inc. (Name of Issuer) Common Shares, no par value per share (Title of Class of Securities) 45783Q100 (CUSIP Number) Jermyn Street Associates LLC 660 Madison Avenue, 15th Floor New York, New York 10065 (212) 813-9203 with copies to : John Papachristos Donna M. Bryan Cahill Gordon & Reindel LLP 32 Old Slip New York, New York 10005 (212) 701-3691 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 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 Rules 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. * 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 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). CUSIP No. 45783Q100 1 NAMES OF REPORTING PERSONS Jermyn Street Associates LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,260,024 shares 8 SHARED VOTING POWER 0 shares 9 SOLE DISPOSITIVE POWER 1,260,024 shares 10 SHARED DISPOSITIVE POWER 0 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,260,024 shares 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) 4.89% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO CUSIP No. 45783Q100 1 NAMES OF REPORTING PERSONS Andrew H. Baker 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United Kingdom NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 1,260,024 shares 8 SHARED VOTING POWER 0 shares 9 SOLE DISPOSITIVE POWER 1,260,024 shares 10 SHARED DISPOSITIVE POWER 0 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,260,024 shares 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) 4.89% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN CONTINUATION PAGES TO SCHEDULE 13D This Amendment No. 3 amends the Schedule 13D filed with the Securities and Exchange Commission on November 15, 2021, as amended by Amendment No. 1 to the Schedule 13D filed on July 5, 2022 and as further amended by Amendment No. 2 to the Schedule 13D filed on October 6, 2022 (together, the "Schedule 13D") jointly by Jermyn Street Associates LLC, a Nevada limited liability company ("JSA") and Andrew Baker, a citizen of the United Kingdom and the sole Manager of JSA. Terms used but not defined herein have the meaning given in the Schedule 13D. Item 5 Interest in Securities of the Issuer Items 5(a), 5(b) and 5(c) of the Schedule 13D are hereby amended and restated in their entirety as follows: (a)-(b): All percentages set forth in this Statement are based on an aggregate of 25,790,680 Shares outstanding, which is the number of Shares outstanding as of January 31, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on February 7, 2024. As of the date of this filing, JSA is the beneficial owner of 1,260,024 Shares owned directly by JSA, representing approximately 4.89% of the outstanding Shares. As of the date of this filing, Mr. Baker is the direct owner of 0 Shares and the beneficial owner of 1,257,162 Shares representing approximately 4.87% of the outstanding Shares, which Shares are owned directly by JSA. Mr. Baker is the sole Manager of JSA and, as such, has the sole power to vote, direct the vote, dispose of or direct the disposition of the Shares directly owned by JSA. Accordingly, Mr. Baker may be deemed to beneficially own the Shares that are directly owned by JSA. Mr. Baker expressly disclaims beneficial ownershi

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