Schedule 13D

LAIX Inc. Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company

Wednesday, August 4, 2021 - 1:00pm

We believe that our Proposal provides a very attractive opportunity for the Company's shareholders to realize substantial and immediate returns.Key terms of our Proposal include:

Key Points: 
  • We believe that our Proposal provides a very attractive opportunity for the Company's shareholders to realize substantial and immediate returns.Key terms of our Proposal include:
    1.
  • Our proposed purchase price represents a premium of approximately 15% to the volume-weighted average price of the ADSs during the last 7 trading days.
  • Any actions taken by any person in reliance on this Proposal shall be at that person's own risk and cost.
  • In closing, we would like to express our commitment to working together to bring this Acquisition to a successful and timely conclusion.

RRD Responds to Recent Schedule 13D Filing by Chatham

Monday, August 2, 2021 - 9:30pm

Donnelley & Sons Company (NYSE: RRD) (RRD or the Company) today issued the following statement regarding the Schedule 13D filed on July 28, 2021 by Chatham Asset Management, LLC (Chatham) with the Securities and Exchange Commission disclosing, among other things, its current holdings of common shares and debt of RRD.

Key Points: 
  • Donnelley & Sons Company (NYSE: RRD) (RRD or the Company) today issued the following statement regarding the Schedule 13D filed on July 28, 2021 by Chatham Asset Management, LLC (Chatham) with the Securities and Exchange Commission disclosing, among other things, its current holdings of common shares and debt of RRD.
  • RRD is open to constructive input from any of its stockholders and has been engaged in frequent dialogue with Chatham for more than two years.
  • In December 2020, RRD generated $96 million in proceeds from liquidating certain insurance policies.
  • In addition, RRD continues to make strategic investments to drive profitable growth through a disciplined approach to capital allocation.

MRMP Crosses 5% Threshold; Files 13D; Sends Letter to Navios Maritime Partners L.P.

Thursday, July 22, 2021 - 5:26pm

MRMP-Managers LLC ("MRMP"), announced today that it has transmitted a letter to Navios Maritime Partners L.P. (the "Company") (NYSE: NMM) sharing urgent and serious concerns regarding the current management and direction of the Company.

Key Points: 
  • MRMP-Managers LLC ("MRMP"), announced today that it has transmitted a letter to Navios Maritime Partners L.P. (the "Company") (NYSE: NMM) sharing urgent and serious concerns regarding the current management and direction of the Company.
  • Ned Sherwood of MRMP commented, Our group has had over thirty years of success investing in various companies that are operated by experienced multi-generation families.
  • We are confident in her ability to manage NMMs fleet of approximately 95 dry bulk and containerships.
  • This press release and MRMPs letter to NMM (attached as an exhibit to the Schedule 13D filed today) contain forward-looking statements.

Altabancorp™ Board Confirms Receipt of Letter From Gunther Family 13D Group

Tuesday, January 19, 2021 - 9:30pm

Altabancorp (Nasdaq: ALTA) (the Company or Alta), the parent company of Altabank, confirmed that its Board of Directors has received a letter (Letter) from the designated representatives of the Section 13D group consisting of various Gunther family members and their related entities (Gunther Family 13D Group) that was filed as part of the Amendment No.

Key Points: 
  • Altabancorp (Nasdaq: ALTA) (the Company or Alta), the parent company of Altabank, confirmed that its Board of Directors has received a letter (Letter) from the designated representatives of the Section 13D group consisting of various Gunther family members and their related entities (Gunther Family 13D Group) that was filed as part of the Amendment No.
  • The Board will carefully review and consider the Letter.
  • Members of our Board have had several meetings with the Gunther representatives since their original Schedule 13D filing in an attempt to ascertain the Gunther Family 13D Groups specific areas of concern with the Companys strategic plan.
  • Our Board remains open to continuing those discussions with the Gunther representatives.

DPW Holdings Enters Into Agreement to Purchase 9.9% Equity Interest in Universal Security Instruments, Inc.

Thursday, December 3, 2020 - 11:25am

DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (DPW, or the Company) announced that it has agreed to purchase 228,967 shares of Universal Security Instruments, Inc. (NYSE American: UUU), beneficially owned by existing shareholders for a purchase price of $709,797.70.

Key Points: 
  • DPW Holdings, Inc. (NYSE American: DPW) a diversified holding company (DPW, or the Company) announced that it has agreed to purchase 228,967 shares of Universal Security Instruments, Inc. (NYSE American: UUU), beneficially owned by existing shareholders for a purchase price of $709,797.70.
  • Upon closing of the purchase agreement, DPW would hold a 9.9% minority, non-controlling interest in Universal Security Instruments, a manufacturer and distributor of safety and security devices.
  • The agreement to purchase the shares is expected to close by January 11, 2021 and the Company is expected to file a Schedule 13D related to the agreement on December 10, 2020.
  • DPW Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact.

B. Riley Financial, Inc. and 180 Degree Capital Corp. Commence Process to Seek Significant Changes to Maven’s Board of Directors

Monday, November 30, 2020 - 10:11pm

Last week, B. Riley and 180 sent a letter to the Board requesting the immediate resignation of five of its members.

Key Points: 
  • Last week, B. Riley and 180 sent a letter to the Board requesting the immediate resignation of five of its members.
  • On November 27, 2020, after having received no substantive response from the Board, B. Riley and 180 made their request publicly known in Schedule 13D filings.
  • As previously announced last month, B. Riley and 180 were principal investors in the Companys $24M equity offering.
  • B. Riley and 180 note that efforts to effect these changes through private discussions with the Companys incumbent Board have not been successful.

Olma Capital Management Limited Announces Significant Equity Shareholding in Commercial Vehicle Group (CVG)

Thursday, September 24, 2020 - 2:00pm

LONDON, Sept. 24, 2020 /PRNewswire/ -- OLMA Capital Management announced today that it has filed a Schedule 13D with the U.S. Securities and Exchange Commission reporting a 6.0% beneficial ownership stake in the Nasdaq-listed Commercial Vehicle Group.

Key Points: 
  • LONDON, Sept. 24, 2020 /PRNewswire/ -- OLMA Capital Management announced today that it has filed a Schedule 13D with the U.S. Securities and Exchange Commission reporting a 6.0% beneficial ownership stake in the Nasdaq-listed Commercial Vehicle Group.
  • Commercial Vehicle Group designs, engineers, and sells electrical wire harnesses, seating systems, and other cab-related products for commercial vehicle markets across the globe.
  • David Ogilvie-Forbes, a Director of OLMA Capital Management, said:
    "The resilience of Commercial Vehicle Group during the COVID-19 pandemic and its recent business wins to deliver warehouse automation and providing services to the e-commerce sector, reinforces our view that the firm has huge value and potential for growth.
  • OLMA Industries, is controlled and managed by OLMA Capital Management, an alternative investment fund manager (AIFM) registered with the Central Bank of Ireland.

AeroGrow Response to the Schedule 13D Amendment Filed by the Scotts Miracle-Gro Company

Wednesday, August 19, 2020 - 9:00pm

BOULDER, Colo., Aug. 19, 2020 (GLOBE NEWSWIRE) -- AeroGrow International, Inc. (OTCQB:AERO) ("AeroGrow" or the "Company"), the manufacturer and distributor of AeroGardens - the worlds leading family of In-Home Garden Systems announced today that it is has received the Schedule 13D Amendment filed by the Scotts Miracle-Gro Company with the U.S. Securities and Exchange Commission on August 18, 2020.

Key Points: 
  • BOULDER, Colo., Aug. 19, 2020 (GLOBE NEWSWIRE) -- AeroGrow International, Inc. (OTCQB:AERO) ("AeroGrow" or the "Company"), the manufacturer and distributor of AeroGardens - the worlds leading family of In-Home Garden Systems announced today that it is has received the Schedule 13D Amendment filed by the Scotts Miracle-Gro Company with the U.S. Securities and Exchange Commission on August 18, 2020.
  • The Special Committee will review the Scotts Miracle-Gro Companys 13D Amendment and is working closely with Stifel in considering the next steps in this process and intends to move forward in considering all alternatives.
  • However, there is no certainty that the review of strategic alternatives will result in the Company pursuing a particular transaction or completing any such transaction.
  • With an AeroGardenyou can grow anything!In April 2013, AeroGrow entered into a strategic partnership with Scotts Miracle-Gro to continue to expand the indoor gardening market.For more information, visithttp://www.aerogrow.com.

Performant Issues Statement Regarding Schedule 13D Filing

Friday, February 28, 2020 - 1:30pm

Furthermore, as the Companys largest shareholder, Parthenon DCS has not divested any shares of the Company since 2014.

Key Points: 
  • Furthermore, as the Companys largest shareholder, Parthenon DCS has not divested any shares of the Company since 2014.
  • However, as we communicated to them and which was referenced in their Schedule 13D filing, the material non-public information specified by 22NW Fund, LP in its Schedule 13D filing is either inaccurate or incomplete and based on dated information.
  • The Performant Board of Directors and management team would like to thank all of our shareholders for their continued patience and understanding during our continued transformation.
  • Performant Financial Corporation is a leading provider of technology-enabled recovery and related analytics services.

INSTRUCTURE (INST) SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of Instructure, Inc.

Monday, January 6, 2020 - 1:03pm

As a result of the merger, Instructures shareholders are only anticipated to receive $47.60 per share in cash in exchange for each share of Instructure.

Key Points: 
  • As a result of the merger, Instructures shareholders are only anticipated to receive $47.60 per share in cash in exchange for each share of Instructure.
  • Just days following the announcement of the merger, several of Instructures largest shareholders voiced their opposition to the merger.
  • Rivulet Capital, a shareholder that holds 5.23% of Instructures stock, filed a Schedule 13D with the SEC which discloses that it strongly opposes the merger which significantly undervalues Instructure.
  • Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct.