Tether Holdings Amends Adecoagro Filing
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
Tether Holdings is changing its stake in Adecoagro S.A. - watch this space.
AI Summary
Tether Holdings Limited, through its filing on September 30, 2024, has amended its Schedule 13D/A regarding Adecoagro S.A. The filing indicates a change in beneficial ownership, with Tether Holdings Limited now listed as a filer. Giancarlo Devasini is also identified as part of the Tether Holdings Limited group.
Why It Matters
This filing signals a potential shift in the ownership structure or investment strategy concerning Adecoagro S.A., which could impact its stock performance and corporate governance.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership by significant entities can introduce uncertainty and potential volatility for the subject company's stock.
Key Players & Entities
- Tether Holdings Limited (company) — Filer of the Schedule 13D/A
- Adecoagro S.A. (company) — Subject company of the filing
- Giancarlo Devasini (person) — Member of the Tether Holdings Limited group
FAQ
What is the specific nature of the change in beneficial ownership being reported by Tether Holdings Limited for Adecoagro S.A.?
The filing is an amendment (No. 3) to Schedule 13D/A, indicating a change in beneficial ownership, but the exact details of the change are not specified in the provided header information.
When was this amendment filed with the SEC?
This filing was made on September 30, 2024.
Who is identified as part of the filing group alongside Tether Holdings Limited?
Giancarlo Devasini and Tether Investments Ltd are identified as group members.
What is the CUSIP number for Adecoagro S.A. common shares mentioned in the filing?
The CUSIP number for Adecoagro S.A. common shares is L00849106.
What is the business address of Tether Holdings Limited as provided in this filing?
The business address is SHRM TRUSTEES (BVI) LIMITED, TRINITY CHAMBERS, P.O. BOX 4301, ROAD TOWN, TORTOLA, BRITISH VIRGIN ISLANDS, VG1110.
Filing Stats: 2,317 words · 9 min read · ~8 pages · Grade level 12 · Accepted 2024-09-30 21:30:25
Key Financial Figures
- $1.50 — me of Issuer) Common Shares, par value $1.50 per share (Title of Class of Securiti
- $41 million — payment of a civil monetary penalty of $41 million without admitting or denying any of the
- $18.5 million — to settle the NYAG proceeding by paying $18.5 million in penalties to the State of New York.
Filing Documents
- tm2425203d1_sc13da.htm (SC 13D/A) — 135KB
- 0001104659-24-104517.txt ( ) — 137KB
Identity and Background
Item 2. Identity and Background See the Schedule 13D, as amended, for historical information. Item 2 of Schedule 13D is amended and supplemented as follows: Certain information regarding Tether Holdings Limited, Tether Investments Limited and their respective executive officers and directors is set forth on Schedule A attached hereto.
Source and Amount of Funds or Other
Item 3. Source and Amount of Funds or Other Consideration See the Schedule 13D, as amended, for historical information. Item 3 is amended and supplemented as follows: Tether Investments Limited used cash from its own working capital to make the purchases of Common Shares listed on Schedule B hereto.
Interest in Securities of Issuer
Item 5. Interest in Securities of Issuer
of the Schedule 13D is amended and restated
Item 5 of the Schedule 13D is amended and restated in its entirety to read as follows: (a) The Reporting Persons beneficially own an aggregate of 15,048,249 shares of the Issuer’s Common Shares, representing 14.7% of the outstanding Common Shares. (b) Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 15,048,249 shares. This percentage is calculated based upon 102,461,382 Common Shares outstanding as of June 30, 2024 as set forth in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 12, 2024. (c) Schedule B sets forth the transactions in the Common Shares effected by the Reporting Persons during the past 60 days. (d) None. (e) Not applicable.
Material to be Filed as Exhibits
Item 7. Material to be Filed as Exhibits 1.Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k). 5
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of the knowledge and belief of the undersigned, the undersigned certifies that the information set forth in this Statement on Schedule 13D is true, complete and correct. September 30, 2024 TETHER HOLDINGS LIMITED By: /s/ Ludovicus Jan Van der Velde Name: Ludovicus Jan Van der Velde Title: Director Tether Investments Limited By: /s/ Ludovicus Jan Van der Velde Name: Ludovicus Jan Van der Velde Title: Director /s/ Giancarlo Devasini Giancarlo Devasini, individually 6 Schedule A Executive Officers and Directors The following sets forth the name, country of citizenship, position and principal occupation of each executive officer and member of the board of directors of Tether Holdings Limited and Tether Investments Limited. Except as indicated below, none of the persons listed below has been convicted of a crime (other than traffic violations or similar misdemeanors) or been subject to proceedings pertaining to violations of securities laws within the past 5 years. Executive Officers and Directors of Tether Holdings Limited : Name and Citizenship Position and Principal Occupation Beneficial Ownership Chief Executive Officer and Director 0 SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 Giancarlo Devasini, citizen of Italy Chief Financial Officer and Director 15,048,249 (1) SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 Ludovicus Jan Van der Velde, citizen of the Netherlands Director 0 SHRM Trustees (BVI) Limited, P.O. Box 4301, Trinity Chambers, Road Town, Tortola, British Virgin Islands, VG 1110 7 Executive Officers and Directors of Tether Investments Limited : Name and Citizenship Position and Principal Occupation Beneficial Ownership