Steel Connect Amends DMC Global Stake Filing
Ticker: BOOM · Form: SC 13D/A · Filed: Nov 13, 2024 · CIK: 34067
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
TL;DR
Steel Connect updated its DMC Global ownership filing - watch for changes.
AI Summary
Steel Connect, Inc. filed an amendment (No. 2) to its Schedule 13D on November 13, 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. The amendment pertains to the ownership of DMC Global Inc. common stock.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of DMC Global Inc., which could impact its stock price and future business decisions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate changes in significant shareholder positions, which can lead to increased volatility.
Key Players & Entities
- Steel Connect, Inc. (company) — Reporting Person
- DMC Global Inc. (company) — Subject Company
- 0000921895-24-002643 (filing_id) — Accession Number
FAQ
What is the purpose of this SC 13D/A filing?
This filing is Amendment No. 2 to the Schedule 13D, indicating a change in the reporting person's beneficial ownership of DMC Global Inc. common stock.
Who is the reporting person in this filing?
The reporting person is Steel Connect, Inc.
What company's stock is the subject of this filing?
The subject company is DMC Global Inc.
When was this amendment filed?
This amendment was filed on November 13, 2024.
Does this filing specify the exact number of shares or percentage owned by Steel Connect, Inc.?
This excerpt does not specify the exact number of shares or the percentage of ownership, only that there has been a change requiring an amendment.
Filing Stats: 1,914 words · 8 min read · ~6 pages · Grade level 12.6 · Accepted 2024-11-13 19:46:12
Key Financial Figures
- $0.05 — ame of Issuer) Common Stock, par value $0.05 (Title of Class of Securities) 23291
Filing Documents
- sc13da204197092_11132024.htm (SC 13D/A) — 224KB
- ex991to13da204197092_111324.htm (EX-99.1) — 9KB
- image_001.jpg (GRAPHIC) — 10KB
- image_002.jpg (GRAPHIC) — 2KB
- image_003.jpg (GRAPHIC) — 4KB
- 0000921895-24-002643.txt ( ) — 258KB
Purpose of Transaction
Item 4. Purpose of Transaction .
is hereby amended
Item 4 is hereby amended to add the following: On November 13, 2024, Steel Connect sent a letter to the Issuer’s board of directors (the “Board Letter”). The full text of the Board Letter 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 Board Letter, dated November 13, 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: November 13, 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