Nerges Files SC 13D for CSP Inc.
Ticker: CSPI · Form: SC 13D · Filed: Aug 19, 2024 · CIK: 356037
Sentiment: neutral
Topics: schedule-13d, filing-change
Related Tickers: CSP
TL;DR
Nerges is changing how he reports his CSP Inc. shares. Big move?
AI Summary
Joseph R. Nerges filed a Schedule 13D on August 19, 2024, regarding his beneficial ownership of CSP Inc. The filing indicates a change in reporting status, potentially transitioning from a 13G to a 13D filing. Specific details on the nature of the change or the exact number of shares held are not provided in this excerpt.
Why It Matters
This filing signals a potential shift in how Joseph R. Nerges reports his stake in CSP Inc., which could indicate increased activity or a change in his investment strategy.
Risk Assessment
Risk Level: medium — The transition from a 13G to a 13D filing often implies a more active or significant stake, warranting closer attention from investors.
Key Players & Entities
- Joseph R. Nerges (person) — Filing person
- CSP INC (company) — Subject company
- 0001214659-24-014893 (other) — Accession Number
FAQ
What is the CUSIP number for CSP Inc. common stock?
The CUSIP number for CSP Inc. Common Stock, Par Value $0.001 per share, is 126389105.
Who is authorized to receive notices for this filing?
Joseph R. Nerges is listed as the person authorized to receive notices and communications.
What is the business address of CSP Inc.?
The business address of CSP Inc. is 175 Cabot Street, Suite 210, Lowell, MA 01854.
What is the fiscal year end for CSP Inc.?
CSP Inc.'s fiscal year ends on September 30.
Why is this Schedule 13D being filed?
The filing is required due to an event on August 19, 2024, which necessitates the filing of this Schedule 13D, potentially indicating a change in reporting obligations from a previous Schedule 13G.
Filing Stats: 962 words · 4 min read · ~3 pages · Grade level 9.3 · Accepted 2024-08-19 06:03:13
Key Financial Figures
- $0.001 — Common Stock Common Stock, Par Value $0.001 per share (Title of Class of Securiti
- $0.01 — relates to the Common Stock, par value $0.01 per share (“Common Stock”)
Filing Documents
- d817241sc13d.htm (SC 13D) — 38KB
- 0001214659-24-014893.txt ( ) — 39KB
. Security and Issuer
Item 1 . Security and Issuer . This Statement on Schedule 13D relates to the Common Stock, par value $0.01 per share (“Common Stock”) of CSP, Inc. (the “Issuer”). The address of the principal executive offices of the Issuer is 175 Cabot Street, Suite 210, Lowell, MA.
. Identity and Background
Item 2 . Identity and Background . (a)(b)(c)(f) This statement is being filed by Joseph R. Nerges, an individual investor and citizen of the United States (“Reporting Owner”). The address of the Reporting Owner is 1726 Bundy St., Scranton, PA 18508. (d) None. (e) None.
. Source and Amount of Funds or Other Consideration
Item 3 . Source and Amount of Funds or Other Consideration . The Reporting Owner used cash from their personal funds to make the purchases of the Common Stock listed herein.
. Purpose of Transaction
Item 4 . Purpose of Transaction . The Reporting Owner intends to enter into discussions with other individuals and or investment groups with the intention of making a take-private proposal for CSP, Inc. shareholders to consider.
. Interest in Securities of the Issuer
Item 5 . Interest in Securities of the Issuer . a) The Reporting Person beneficially owns an aggregate number of 1,377,861 shares of the Issuer’s Common Stock, representing 14.31% of the outstanding Common Stock. b) The number of shares as to which the Reporting Person has: (i) Sole power to vote or direct the vote: 1,377,861 (ii) Shared power to direct the vote: 0 (iii) Sole power to dispose or direct the disposition of: 1,377,861 (iv) Shared power to dispose or to direct of the disposition: 0 c) The following describes all transactions in the Issuer’s Common Stock that were effected during the past 60 days by the Reporting Person: Transaction Date Nature of Transaction Price Per Share Quantity 08/14/2024 Purchase $ 13.0885 1 2,800 07/30/2024 Purchase $ 14.5952 1 3,009 07/17/2024 Purchase $ 14.4410 1 2,726 06/25/2024 Purchase $ 13.3803 1 1,710 06/20/2024 Purchase $ 13.9631 1 3,950 1 The prices reported are weighted-average prices. These shares were purchased in multiple transactions. The Reporting Person undertake to provide the Issuer, any security holder of the Issuer or the SEC staff, upon request, all information regarding the number of shares purchased at each price within the ranges set forth in Footnotes 1 3 d) No person other than a Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock beneficially owned by the Reporting Persons. e) Not Applicable.
. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Item 6 . Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer . To the best of the knowledge of the Reporting Person, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Person or between the Reporting Person and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.
. Material to be Filed as Exhibits
Item 7 . Material to be Filed as Exhibits . Not applicable.
Signatures
Signatures After reasonable inquiry and to the best of the knowledge and belief of the undersigned, each of the undersigned certifies that the information set forth in this statement is true, complete, and correct. Date: August 19, 2024 By: /s/ Joseph R. Nerges Name: Joseph R. Nerges 4