Sprott Platinum & Palladium Trust Amends Sales Agreement
Ticker: SPPP · Form: 6-K · Filed: Sep 9, 2024 · CIK: 1539190
| Field | Detail |
|---|---|
| Company | Sprott Physical Platinum & Palladium Trust (SPPP) |
| Form Type | 6-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sales-agreement, amendment, filing
Related Tickers: SPPP
TL;DR
SPPP trust filed an amendment to its sales agreement with Cantor Fitzgerald and Virtu. No major changes mentioned, but always worth a look.
AI Summary
Sprott Physical Platinum & Palladium Trust filed an amendment (No. 2) to its Amended and Restated Sales Agreement on September 9, 2024. This agreement involves the Trust, Sprott Asset Management LP, Cantor Fitzgerald & Co., Virtu Americas LLC, and Virtu Canada Corp. The amendment is incorporated into the Trust's F-10 registration statement.
Why It Matters
This filing updates the terms of the sales agreement, which could impact how the Trust's securities are distributed and traded in the market.
Risk Assessment
Risk Level: low — The filing is an amendment to an existing sales agreement and does not appear to contain new material financial information or significant operational changes.
Key Players & Entities
- Sprott Physical Platinum & Palladium Trust (company) — Registrant
- Sprott Asset Management LP (company) — Party to Sales Agreement
- Cantor Fitzgerald & Co. (company) — Party to Sales Agreement
- Virtu Americas LLC (company) — Party to Sales Agreement
- Virtu Canada Corp. (company) — Party to Sales Agreement
- September 9, 2024 (date) — Filing Date
FAQ
What is the specific nature of Amendment No. 2 to the Amended and Restated Sales Agreement?
The filing states that Amendment No. 2 is attached as Exhibit 99.1, but the specific details of the amendments are not provided in the summary text of the 6-K.
Which entities are parties to the Amended and Restated Sales Agreement?
The parties are Sprott Physical Platinum and Palladium Trust, Sprott Asset Management LP, Cantor Fitzgerald & Co., Virtu Americas LLC, and Virtu Canada Corp.
What is the purpose of filing this Form 6-K?
The purpose is to report information under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, specifically to provide Exhibit 99.1, which is Amendment No. 2 to the Sales Agreement.
How is this amendment incorporated into the Trust's filings?
Exhibit 99.1 is incorporated by reference into the Trust's registration statement on Form F-10 (File No. 333-281996).
What is the filing date of this report?
The filing date is September 9, 2024.
Filing Stats: 242 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-09-09 17:22:22
Filing Documents
- sppp_6k-090924.htm (6-K) — 9KB
- ex99-1.htm (EX-99.1) — 39KB
- 0001999371-24-011696.txt ( ) — 50KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SPROTT PHYSICAL PLATINUM AND PALLADIUM TRUST (Registrant) By Sprott Asset Management GP Inc., as general partner of the manager of the Registrant By: /s/ Kevin Hibbert Kevin Hibbert Director Dated: September 9, 2024