Angeliki Frangou Amends Navios Maritime Partners L.P. Stake

TL;DR

🚨 **Angeliki Frangou just updated her stake in Navios Maritime Partners L.P. via a 13D/A filing!**

AI Summary

Angeliki Frangou filed an Amendment No. 2 to her Schedule 13D concerning her beneficial ownership in Navios Maritime Partners L.P. The filing, an SC 13D/A, was made on February 13, 2024, indicating a change or update to her previously reported stake in the company. Vasiliki Papaefthymiou is designated as the person authorized to receive notices and communications regarding this filing.

Why It Matters

This amendment signals an updated position or intent by a significant beneficial owner, Angeliki Frangou, in Navios Maritime Partners L.P., which could influence investor perception and the company's strategic direction.

Risk Assessment

Risk Level: low — An amendment to a 13D filing is a routine disclosure and does not inherently indicate high risk without further details on the nature of the change.

Key Players & Entities

• Navios Maritime Partners L.P. (company) — Subject Company
• Frangou Angeliki (person) — Filing Person
• Vasiliki Papaefthymiou (person) — Authorized to Receive Notices
• N SHIPMANAGEMENT ACQUISITION CORP. (company) — Group Member

FAQ

Filing Documents

• d788547dsc13da.htm (SC 13D/A) — 41KB
• 0001193125-24-034119.txt ( ) — 42KB

of the Schedule 13D is hereby supplemented to include the following

Item 4 of the Schedule 13D is hereby supplemented to include the following: Ms. Frangou intends, from time to time, to purchase, through one or more of her investment vehicles, Common Units, including in open market transactions, block trades or otherwise. Certain of these transactions may be made pursuant to trading plans that may be adopted by Ms. Frangou or one or more of her investment vehicles meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. The timing to these transactions as well as the number and value of the Common Units that may be purchased will be determined by Ms. Frangou at her discretion and will depend on a variety of factors, including the market price of the Common Units, general market, industry and economic conditions, available liquidity, applicable legal requirements, the nature of other investment opportunities available, and other considerations. Ms. Frangou may also acquire beneficial ownership of Common Units through the acquisition of options in respect of the Common Units. Ms. Frangou is not assuming any obligation to purchase any minimum number of Common Units or subject her purchases to any maximum number of Common Units, and she may discontinue purchasing Common Units at any time without notice, in each case subject to applicable law. Ms. Frangou expects to fund any purchases or acquisitions of Common Units by using cash on hand held by her investment vehicles. Ms. Frangou does not intend to purchase or acquire Common Units on any trading day during which the Issuer may be repurchasing Common Units in open market transactions. Item5. Interest in Securities of the Issuer. This Amendment No. 1 amends and restates Item 5(a) and (b) of the Schedule 13D as set forth below: (a) (b) As of February 13, 2024, Ms. Frangou beneficially owned a total of 4,722,055 Common Units, or approximately 15.6% of the outstanding Common Units based on 30,184,388 Common Units of the Issuer outstanding as