Navios Maritime Partners L.P. SC 13D/A Filing Update

TL;DR

Frangou updated their Navios stake filing. Check for ownership changes.

AI Summary

Angeliki Frangou, through N SHIPMANAGEMENT ACQUISITION CORP., has amended their Schedule 13D filing for Navios Maritime Partners L.P. as of March 4, 2024. This amendment, the third for this filing, indicates a change in their beneficial ownership of the common units. The filing does not specify the exact percentage or number of units owned, but it is an update to a previous filing.

Why It Matters

This filing is an update to a significant ownership disclosure, which can signal changes in control or strategic intentions for Navios Maritime Partners L.P.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, requiring careful monitoring.

Key Numbers

• Amendment No. 3 — Filing Amendment (Indicates this is an update to a previous filing)
• March 4, 2024 — Filing Date (Date of the event requiring the filing)

Key Players & Entities

• Navios Maritime Partners L.P. (company) — Subject company
• Angeliki Frangou (person) — Filing person
• N SHIPMANAGEMENT ACQUISITION CORP. (company) — Filing entity
• Vasiliki Papaefthymiou (person) — Authorized to receive notices

FAQ

Filing Documents

• d748152dsc13da.htm (SC 13D/A) — 49KB
• 0001193125-24-060579.txt ( ) — 50KB

From the Filing

SC 13D/A 1 d748152dsc13da.htm SC 13D/A SC 13D/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D/A (Amendment No. 3)* Under the Securities Exchange Act of 1934 Navios Maritime Partners L.P. (Name of Issuer) Common Units, representing limited partner interests (Title of Class of Securities) Y62267409 (CUSIP Number) Vasiliki Papaefthymiou 7 Avenue de Grande Bretagne, Office 11B2 Monte Carlo, MC 98000 Monaco (011) + (377) 9798-2140 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) March 4, 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 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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. Y62267409 1 NAMES OF REPORTING PERSONS Angeliki Frangou 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 Greece NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 5,039,090 (1) 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 5,039,090 (1) 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,039,090 (1) 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) 16.7% (2) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN (1) The number of Common Units beneficially owned by Ms. Frangou includes 3,183,199 Common Units owned indirectly through N Shipmanagement Acquisition Corp., an entity affiliated with her, as well as 1,489,115 Common Units in aggregate owned indirectly through three other entities affiliated with her. In addition, Olympos Maritime Ltd., an entity affiliated with Ms. Frangou, is the general partner of the Issuer (the General Partner ). As of March 4, 2024, the General Partner owns 622,296 general partnership units, representing an approximately 2.0% ownership interest in the Issuer based on all outstanding Common Units and general partnership units. (2) Based on 30,184,388 Common Units of the Issuer outstanding as of March 4, 2024, based on information provided by the Issuer. CUSIP No. Y62267409 1 NAMES OF REPORTING PERSONS N Shipmanagement Acquisition Corp. 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 Republic of the Marshall Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 3,183,199 8 SHARED VOTING POWER 0 9 SOLE DISPOSITIVE POWER 3,183,199 10 SHARED DISPOSITIVE POWER 0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,183,199 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) 10.5% (1) 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Based on 30,184,388 Common Units of the Issuer outstanding as of March 4, 2024, based on information provided by the Issuer. Explanatory Note This Amendment No. 3 ( Amendment No. 3 ) amends and supplements the Schedule 13D filed by Angeliki Frangou on October 26, 2021 (the Original Schedule 13D ), as previously amended and supplemented by Amendment No. 1 filed on January 11, 2024 and Amendment No. 2 filed on February 13, 2024, relating to the common units ( Common Units ) of Navios Maritime Partners L.P. (the Issuer ). The Original Schedule 13D together with each of the Amendments thereto is referred to herein as the Schedule 13D. Capitalized terms used herein and not otherwise defined shall have the same meanings ascribed to them in the Original Schedule 13D. Item5. Interest in Securities of the Issuer. This Amendment No. 3 amends and restates Item 5(a), (b) and (c) of the Schedule 13D as set forth below: (a) (b)