SCHEDULE 13G/A: Investment Group Led by Harris Kupperman Discloses Passive Stake in A-Mark Precious Metals
Beneficial Ownership Disclosure Amendment
A group of entities and individuals, including Harris Kupperman, have filed an amended Schedule 13G disclosing their passive beneficial ownership in A-Mark Precious Metals, Inc., with Harris Kupperman holding a 4.6% stake.
Summary
- Praetorian Capital Fund LLC, Praetorian PR LLC, and Praetorian Capital Management LLC collectively beneficially own 950,000 shares of A-Mark Precious Metals, Inc. common stock, representing approximately 4.1% of the outstanding shares.
- Mongolia (Barbados) Corp. and Mongolia Growth Group Ltd. collectively beneficially own 115,000 shares, representing approximately 0.5% of the outstanding shares.
- Harris Kupperman, through his various roles, is deemed to beneficially own a total of 1,065,000 shares, which constitutes approximately 4.6% of the outstanding shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported passive investment.
- The beneficial ownership percentages are calculated based on 23,184,059 shares of A-Mark Precious Metals, Inc. common stock outstanding as of November 1, 2024.
- The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a routine passive ownership disclosure (Schedule 13G/A) and does not contain information that would significantly alter the sentiment towards the company. It simply updates beneficial ownership percentages without indicating any strategic or operational changes.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides updated information on significant passive ownership stakes, offering transparency regarding institutional and individual holdings.
Key Dates
| Date | Description |
|---|---|
| 2024-11-01 | Date as of which the total number of A-Mark Precious Metals, Inc. shares outstanding (23,184,059) was disclosed in the Issuer's Form 10-Q. |
| 2024-11-08 | Date the Issuer's Quarterly Report on Form 10-Q was filed with the SEC, disclosing the total shares outstanding. |
| 2024-12-31 | Date of event which requires the filing of this Schedule 13G/A statement, reflecting the beneficial ownership positions. |
| 2025-02-14 | Date the Joint Filing Agreement and the Schedule 13G/A were signed and filed. |
Keywords
A-Mark Precious Metals, AMRK, Schedule 13G/A, Beneficial Ownership, Harris Kupperman, Praetorian Capital, Mongolia Growth Group, SEC Filing, Investment Disclosure, Common Stock
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