Triton Water Holdings Acquires 100% of Primo Brands
Ticker: PRMB · Form: SC 13D · Filed: Nov 18, 2024 · CIK: 2042694
| Field | Detail |
|---|---|
| Company | Primo Brands Corp (PRMB) |
| Form Type | SC 13D |
| Filed Date | Nov 18, 2024 |
| Risk Level | medium |
| Pages | 10 |
| Reading Time | 12 min |
| Key Dollar Amounts | $0.01, $350 million |
| Sentiment | bullish |
Sentiment: bullish
Topics: acquisition, control-change, 13D-filing
Related Tickers: PBRB
TL;DR
**TRITON WATER ACQUIRES 100% PRIMO BRANDS!**
AI Summary
On November 18, 2024, R. Scott Spielvogel and Tony W. Lee, through Triton Water Parent Holdings, LP, filed a Schedule 13D regarding Primo Brands Corp. They now beneficially own 100% of the Class A Common Stock, representing 10,000,000 shares, acquired on November 8, 2024. This filing indicates a significant change in beneficial ownership.
Why It Matters
This filing signifies a complete change in control for Primo Brands Corp, with Triton Water Parent Holdings, LP now owning all outstanding Class A Common Stock. This could lead to strategic shifts or delisting.
Risk Assessment
Risk Level: medium — A 100% acquisition can lead to significant strategic changes, potential delisting, and reduced liquidity for remaining shareholders.
Key Numbers
- 100% — Ownership Stake (Triton Water Parent Holdings, LP now owns the entire Class A Common Stock of Primo Brands Corp.)
- 10,000,000 — Shares Acquired (This is the total number of Class A Common Stock shares acquired by the filing parties.)
Key Players & Entities
- R. Scott Spielvogel (person) — Filing party and beneficial owner
- Tony W. Lee (person) — Filing party and beneficial owner
- Triton Water Parent Holdings, LP (company) — Acquiring entity and beneficial owner
- Primo Brands Corp (company) — Subject company
- 10,000,000 shares (dollar_amount) — Number of shares acquired
- November 8, 2024 (date) — Date of acquisition
- November 18, 2024 (date) — Filing date
FAQ
Who are the primary individuals behind this filing?
The primary individuals are R. Scott Spielvogel and Tony W. Lee, acting through Triton Water Parent Holdings, LP.
What is the total number of Primo Brands Corp Class A Common Stock shares now beneficially owned?
Triton Water Parent Holdings, LP now beneficially owns 10,000,000 shares of Class A Common Stock.
When did the acquisition of these shares take place?
The acquisition of these shares took place on November 8, 2024.
What is the percentage of Primo Brands Corp's Class A Common Stock now held by the filing parties?
The filing parties now hold 100% of the Class A Common Stock.
What is the business address of Primo Brands Corp?
The business address of Primo Brands Corp is 1150 Assembly Drive, Suite 800, Tampa, FL 33607.
Filing Stats: 3,088 words · 12 min read · ~10 pages · Grade level 14.4 · Accepted 2024-11-18 09:21:26
Key Financial Figures
- $0.01 — suer) Class A Common Stock, par value $0.01 per share (Title of Class of Securiti
- $350 million — lity with the principal amount of up to $350 million with certain banking institutions. Af
Filing Documents
- d600235dsc13d.htm (SC 13D) — 102KB
- d600235dex991.htm (EX-99.1) — 5KB
- 0001193125-24-260509.txt ( ) — 109KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : November 18, 2024 ORCP III DE TopCo GP, LLC By: /s/ Tony W. Lee Name: Tony W. Lee Title: Managing Member Triton Water Parent Holdings, LP By: /s/ Tony W. Lee Name: Tony W. Lee Title: Authorized Person R. Scott Spielvogel /s/ R. Scott Spielvogel Tony W. Lee /s/ Tony W. Lee