SCHEDULE 13G/A: Fund 1 Investments Discloses 22.39% Stake in 1-800-FLOWERS.COM, Inc.

Fund 1 Investments, LLC has reported a significant beneficial ownership stake of 22.39% in 1-800-FLOWERS.COM, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Fund 1 Investments, LLC, a Delaware-organized entity, has filed an Amendment No. 4 to Schedule 13G regarding its beneficial ownership in 1-800-FLOWERS.COM, Inc.
• The filing indicates that Fund 1 Investments, LLC beneficially owns 8,180,469 shares of Class A Common Stock.
• This ownership represents 22.39% of the Class A Common Stock outstanding.
• The percentage is calculated based on 36,532,944 shares of Class A Common Stock outstanding as of January 24, 2025, as reported in 1-800-FLOWERS.COM, Inc.'s Form 10-Q filed on January 31, 2025.
• Fund 1 Investments, LLC holds shared voting power and shared dispositive power over all 8,180,469 shares.
• The shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.
• Fund 1 Investments, LLC serves as the managing member of Pleasant Lake Partners LLC, and Jonathan Lennon serves as the managing member of Fund 1 Investments, LLC.
• Pleasant Lake Onshore Feeder Fund, LP, a private investment vehicle, also has the right to receive or direct proceeds from more than 5% of the Common Stock.
• The reporting person certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership and does not contain qualitative assessments of the company's performance or outlook.

Future Outlook

This document is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer or the reporting person regarding the issuer's future performance.

Industry Context

This filing indicates a significant passive investment by Fund 1 Investments, LLC in 1-800-FLOWERS.COM, Inc., a prominent player in the floral and gourmet food gift industry. Such a substantial stake by an investment firm can signal confidence in the company's long-term prospects or a strategic position, though the filing itself states it's not for control purposes.

Related Party Transactions

• Shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.
• Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC.
• Jonathan Lennon serves as managing member of Fund 1 Investments, LLC.
• Pleasant Lake Onshore Feeder Fund, LP has the right to receive or direct proceeds from more than 5% of the Common Stock.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by an investment firm like Fund 1 Investments, LLC could be viewed positively as a vote of confidence, potentially influencing investor sentiment.
• Management: While the filing states the stake is not for control purposes, the presence of a large institutional investor may lead to increased scrutiny or engagement regarding corporate strategy and performance.

Key Dates

Keywords

1-800-FLOWERS.COM, Fund 1 Investments, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment, SEC Filing, Shareholding, Pleasant Lake Partners