Steel Connect Amends DMC Global Stake Filing
Ticker: BOOM · Form: SC 13D/A · Filed: Sep 17, 2024 · CIK: 34067
Sentiment: neutral
Topics: sec-filing, schedule-13d, amendment
Related Tickers: BOST
TL;DR
Steel Connect updated its filing on DMC Global. No major changes detailed here, but watch for future moves.
AI Summary
Steel Connect, Inc. filed an amendment to its Schedule 13D on September 17, 2024, regarding its beneficial ownership of DMC Global Inc. The filing indicates a change in the reporting person's holdings, though specific new dollar amounts or percentages are not detailed in this excerpt. This amendment updates previous filings concerning Steel Connect's stake in DMC Global.
Why It Matters
This filing updates information about a significant shareholder's stake in DMC Global, which could influence the company's stock performance and strategic decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often signal shifts in significant shareholder positions, which can lead to increased volatility or strategic actions affecting the company's stock.
Key Players & Entities
- Steel Connect, Inc. (company) — Filing party
- DMC Global Inc. (company) — Subject company
- 0000921895-24-002136 (filing_id) — Accession number for the filing
FAQ
What specific changes are detailed in this SC 13D/A filing by Steel Connect, Inc. regarding DMC Global Inc.?
This excerpt of the filing does not detail specific changes in holdings, only that an amendment (Amendment No. 1) has been filed on September 17, 2024, updating previous information.
What is the primary purpose of a Schedule 13D filing?
A Schedule 13D filing is required by the SEC for any person or group who acquires beneficial ownership of more than five percent of a class of the issuer's equity securities.
When was the previous filing or the last significant change related to Steel Connect's stake in DMC Global?
The filing is an amendment (Amendment No. 1) filed on September 17, 2024, indicating a change from a prior filing, but the date of the prior filing is not specified in this excerpt.
What is the business address and phone number for DMC Global Inc. as listed in the filing?
DMC Global Inc.'s business address is 11800 Ridge Parkway, Suite 300, Broomfield, CO 80021, and their business phone number is 303-665-5700.
What is the business address and phone number for Steel Connect, Inc. as listed in the filing?
Steel Connect, Inc.'s business address is 590 Madison Avenue, 32nd Floor, New York, NY 10022, and their business phone number is 781-663-5000.
Filing Stats: 1,658 words · 7 min read · ~6 pages · Grade level 12.2 · Accepted 2024-09-17 08:37:04
Key Financial Figures
- $0.05 — ame of Issuer) Common Stock, par value $0.05 (Title of Class of Securities) 23291
- $16.50 — ersons do not already own at a price of $16.50 per share in cash. The foregoing descri
Filing Documents
- sc13da104197092_09172024.htm (SC 13D/A) — 222KB
- ex991to13da104197092_091724.htm (EX-99.1) — 6KB
- 0000921895-24-002136.txt ( ) — 230KB
Purpose of Transaction
Item 4. Purpose of Transaction .
is hereby amended
Item 4 is hereby amended to add the following: On September 17, 2024, Steel Connect issued a press release, including an open letter (the “Press Release”) to the Issuer’s board of directors, reiterating its proposal to acquire all outstanding Shares of the Issuer that the Reporting Persons do not already own at a price of $16.50 per share in cash. The foregoing description of the Press Release does not purport to be complete and is qualified in its entirety by reference to the full text of the Press Release, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits .
is hereby amended
Item 7 is hereby amended to add the following exhibit: Exhibit No. Description 99.1 Press Release, dated September 17, 2024 10 CUSIP No. 23291C103
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: September 17, 2024 STEEL PARTNERS HOLDINGS L.P. By: Steel Partners Holdings GP Inc. General Partner By: /s/ Maria Reda Maria Reda, Secretary SPH GROUP LLC By: Steel Partners Holdings GP Inc. Managing Member By: /s/ Maria Reda Maria Reda, Secretary SPH GROUP HOLDINGS LLC By: Steel Partners Holdings GP Inc. Manager By: /s/ Maria Reda Maria Reda, Secretary STEEL PARTNERS HOLDINGS GP INC. By: /s/ Maria Reda Maria Reda, Secretary WEBFINANCIAL HOLDING CORPORATION By: /s/ Maria Reda Maria Reda, Secretary STEEL EXCEL INC. By: /s/ Maria Reda Maria Reda, Secretary 11 CUSIP No. 23291C103 STEEL CONNECT, INC. By: /s/ Maria Reda Maria Reda, Secretary STEEL CONNECT SUB LLC By: /s/ Maria Reda Maria Reda, Secretary 12