Anson Funds Discloses Stake in Lovesac

Ticker: LOVE · Form: SC 13D · Filed: 2024-07-09T00:00:00.000Z

Sentiment: neutral

Topics: 13D-filing, activist-investor, ownership-change

Related Tickers: LOVE

TL;DR

**Anson Funds just filed a 13D on Lovesac. Watch this space.**

AI Summary

On July 9, 2024, Anson Funds Management LP, along with related entities and individuals including Amin Nathoo, Moez Kassam, and Tony Moore, filed an SC 13D, indicating a change in their beneficial ownership of The Lovesac Company. The filing details their holdings and intentions regarding the company's common stock.

Why It Matters

This filing signals a significant investor's increased attention and potential influence over The Lovesac Company, which could impact its stock price and strategic decisions.

Risk Assessment

Risk Level: medium — SC 13D filings often precede activist campaigns or significant strategic shifts, introducing uncertainty for the company and its shareholders.

Key Players & Entities

FAQ

What is the total percentage of The Lovesac Company's common stock beneficially owned by Anson Funds Management LP and its group members?

The provided text does not specify the exact percentage of ownership, only that an SC 13D filing was made, indicating a change in beneficial ownership.

When was the SC 13D filing submitted to the SEC?

The filing was submitted on July 9, 2024.

Who are the key individuals associated with Anson Funds Management LP in this filing?

The key individuals mentioned are Amin Nathoo, Moez Kassam, and Tony Moore.

What is the business address of The Lovesac Company?

The Lovesac Company's business address is Two Landmark Square, Suite 300, Stamford, CT 06901.

What is the CUSIP number for The Lovesac Company's common stock?

The CUSIP number for The Lovesac Company's common stock is 54738L109.

From the Filing

0001193125-24-176749.txt : 20240709 0001193125-24-176749.hdr.sgml : 20240709 20240709162348 ACCESSION NUMBER: 0001193125-24-176749 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240709 DATE AS OF CHANGE: 20240709 GROUP MEMBERS: AMIN NATHOO GROUP MEMBERS: ANSON ADVISORS INC. GROUP MEMBERS: ANSON MANAGEMENT GP LLC GROUP MEMBERS: MOEZ KASSAM GROUP MEMBERS: TONY MOORE SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Lovesac Co CENTRAL INDEX KEY: 0001701758 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 320514958 STATE OF INCORPORATION: DE FISCAL YEAR END: 0204 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-90554 FILM NUMBER: 241107693 BUSINESS ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-817-2279 MAIL ADDRESS: STREET 1: TWO LANDMARK SQUARE, SUITE 300 CITY: STAMFORD STATE: CT ZIP: 06901 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Anson Funds Management LP CENTRAL INDEX KEY: 0001491072 ORGANIZATION NAME: IRS NUMBER: 300134498 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 16000 DALLAS PARKWAY STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75248 BUSINESS PHONE: 214.866.0202 MAIL ADDRESS: STREET 1: 16000 DALLAS PARKWAY STREET 2: SUITE 800 CITY: DALLAS STATE: TX ZIP: 75248 FORMER COMPANY: FORMER CONFORMED NAME: Frigate Ventures LP DATE OF NAME CHANGE: 20100504 SC 13D 1 d829698dsc13d.htm SC 13D SC 13D UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a) (Amendment No.  ) The Lovesac Company (Name of Issuer) Common Stock, $0.00001 par value (Title of Class of Securities) 54738L109 (CUSIP Number) Tony Moore Anson Funds Management LP 16000 Dallas Parkway, Suite 800 Dallas, TX 75248 (214) 866-0202 With a copy to: Adriana Schwartz, Esq. Schulte Roth & Zabel LLP 919 Third Avenue New York, New York 10022 (212)756-2000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 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 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See 240.13d-7(b) for other parties to whom copies are to be sent. * 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). SCHEDULE 13D CUSIP No. 54738L109  1   NAMES OF REPORTING PERSONS  Anson Funds Management LP  2  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  (a) ☐  (b) ☐  3  SEC USE ONLY  4  SOURCE OF FUNDS (See Instructions)  AF  5  CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) OR 2(E)  ☒  6  CITIZENSHIP OR PLACE OF ORGANIZATION  Texas NUMBER OF SHARES BENEFICIALLY  OWNED BY EACH REPORTING PERS

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