J. Turbines, Inc. Files SC 13D for Solaris Energy
Ticker: SEI · Form: SC 13D · Filed: Sep 13, 2024 · CIK: 1697500
Sentiment: neutral
Topics: 13D-filing, ownership-change, energy-sector
TL;DR
**J. Turbines, Inc. just filed a 13D on Solaris Energy! Big move incoming?**
AI Summary
J. Turbines, Inc. has filed a Schedule 13D on September 13, 2024, indicating a change in beneficial ownership of Solaris Energy Infrastructure, Inc. The filing does not specify the exact number of shares or dollar amount involved, but it signifies a new filing event for the company.
Why It Matters
This filing signals a potential shift in control or significant investment in Solaris Energy Infrastructure, Inc., which could impact its stock price and strategic direction.
Risk Assessment
Risk Level: medium — A Schedule 13D filing indicates a significant stake and potential activist intent, which can introduce volatility and uncertainty for the company and its investors.
Key Players & Entities
- J. Turbines, Inc. (company) — Filer of the Schedule 13D
- Solaris Energy Infrastructure, Inc. (company) — Subject company of the Schedule 13D
- John A. Johnson (person) — Person authorized to receive notices for the filer
FAQ
What is the exact percentage of Solaris Energy Infrastructure, Inc. shares beneficially owned by J. Turbines, Inc.?
The provided text does not specify the exact percentage or number of shares beneficially owned by J. Turbines, Inc.
When did J. Turbines, Inc. acquire this stake in Solaris Energy Infrastructure, Inc.?
The filing date is September 13, 2024, but the acquisition date of the stake is not specified in the provided text.
What is the stated purpose of J. Turbines, Inc.'s investment in Solaris Energy Infrastructure, Inc.?
The provided text does not disclose the specific purpose or investment strategy behind J. Turbines, Inc.'s filing.
Has Solaris Energy Infrastructure, Inc. undergone any recent name changes or mergers?
Yes, Solaris Energy Infrastructure, Inc. was formerly known as Solaris Oilfield Infrastructure, Inc., with a name change date of February 7, 2017.
What is the business address and phone number for Solaris Energy Infrastructure, Inc.?
The business address is 9651 Katy Freeway, Suite 300, Houston, TX 77024, and the business phone number is (281) 501-3070.
Filing Stats: 2,746 words · 11 min read · ~9 pages · Grade level 10.9 · Accepted 2024-09-13 16:16:05
Key Financial Figures
- $0.01 — ssuer) Class A Common Stock, par value $0.01 per share (Title of Class of Securitie
- $0.00 — he " Class B Common Stock "), par value $0.00 per share, of Solaris Energy Infrastruc
- $60,000,000 — LLC in exchange for an aggregate of (i) $60,000,000 in cash, subject to certain adjustments
Filing Documents
- sc13d.htm (SC 13D) — 77KB
- ex99-1.htm (EX-99.1) — 7KB
- 0001341004-24-000155.txt ( ) — 86KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 12, 2024 J Turbines, Inc. By: /s/ John A. Johnson Name: John A. Johnson Title: President By: /s/ John A. Johnson Name: John A. Johnson ANNEX A EXECUTIVE OFFICERS AND DIRECTORS OF J TURBINES, INC. Name: Principal Occupation: John A. Johnson President / Director