Triton LuxTopHolding Files Amendment for Viasat Inc. Stake
Ticker: VSAT · Form: SC 13D/A · Filed: Aug 14, 2024 · CIK: 797721
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: VSAT
TL;DR
Triton LuxTopHolding updated its Viasat stake filing. Keep an eye on this.
AI Summary
Triton LuxTopHolding SARL, through its affiliate Apax IX GP Co. Ltd, has filed an amendment to its Schedule 13D concerning Viasat Inc. The filing, dated August 14, 2024, indicates a change in beneficial ownership. Triton LuxTopHolding SARL is based in Luxembourg and has a business address at 1-3 Boulevard de la Foire.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of Viasat Inc., which could impact its stock price and future business decisions.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede significant corporate actions or changes in control, which can introduce volatility.
Key Players & Entities
- Triton LuxTopHolding SARL (company) — Filing entity
- Viasat Inc. (company) — Subject company
- Apax IX GP Co. Ltd (company) — Affiliate of filing entity
- Julie Outouchent (person) — Authorized contact
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not provided in the header information.
When was the previous filing or the last significant event requiring a filing for Viasat Inc. by Triton LuxTopHolding SARL?
The filing is an amendment (Amendment No. 1) and the 'Date as of Change' is August 14, 2024, suggesting a prior filing or event.
What is the primary business of Viasat Inc. according to the filing?
Viasat Inc. is classified under 'RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT' with SIC code 3663.
Where is Triton LuxTopHolding SARL located?
Triton LuxTopHolding SARL is located in Luxembourg, with its business address at 1-3 Boulevard de la Foire, L-1528 Luxembourg.
What is the CUSIP number for Viasat Inc. common stock?
The CUSIP number for Viasat Inc. common stock is 92552V100.
Filing Stats: 1,685 words · 7 min read · ~6 pages · Grade level 10.5 · Accepted 2024-08-14 21:00:28
Key Financial Figures
- $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
- $19.90 — as amended, at a net price per share of $19.90 (the Block Sale). The Reporting Persons
Filing Documents
- d837998dsc13da.htm (SC 13D/A) — 47KB
- 0001193125-24-200851.txt ( ) — 48KB
of the Schedule 13D is amended to add the following at the end thereof
Item 4 of the Schedule 13D is amended to add the following at the end thereof: Rule 144 Sale On August 12, 2024, certain of the Investor Sellers sold an aggregate of 11,245,769 shares of Common Stock in an unregistered block sale transaction pursuant to Rule 144 under the Securities Act of 1933, as amended, at a net price per share of $19.90 (the Block Sale). The Reporting Persons sold an aggregate of 2,811,442 shares of Common Stock pursuant to the Block Sale. The Block Sale was consummated as part of the Reporting Persons normal course evaluation of its investment. The Reporting Persons intend to monitor and evaluate their investment on an ongoing basis and expect regularly to review and consider alternative ways of maximizing their return on such investment. Subject to market conditions, valuations, regulatory approvals and any other approvals, the Reporting Persons may acquire additional securities of the Issuer or dispose of any or all securities of the Issuer in open market transactions, privately negotiated transactions or otherwise. In exploring ways to maximize the return on its investment, and as part of its ongoing investment activities, the Reporting Persons may engage in discussions with representatives of the Issuer and/or with other holders of the Issuers securities and, from time to time, suggest or take a position regarding, or participate in, a variety of matters relating to the Issuer, which may include, among other things, the Issuers operations, management, corporate governance, capital structure or its control, strategic alternatives and direction. To facilitate its consideration of such matters, the Reporting Persons may retain consultants and advisors and may enter into discussions with potential sources of capital and other third parties. The Reporting Persons may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements. The Reporting Persons will likely take some or all of the foregoin