SCHEDULE: Progeny 3, Hemingway Disclose 6.9% Stake in TIC Solutions
Beneficial Ownership Report
Progeny 3, Inc. and Jon Hemingway have filed an amended Schedule 13G, reporting a 6.9% beneficial ownership in TIC Solutions, Inc.
Summary
- Progeny 3, Inc. and Jon Hemingway, collectively referred to as the Reporting Persons, have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in TIC Solutions, Inc.
- The Reporting Persons beneficially own an aggregate of 15,231,090 shares of Common Stock of TIC Solutions, Inc.
- This ownership represents 6.9% of the outstanding Common Stock of TIC Solutions, Inc., calculated based on shares outstanding as of January 2, 2026.
- Progeny 3, Inc. serves as the manager of certain accounts (the "Accounts"), and Jon Hemingway controls Progeny 3, Inc.
- The Manager maintains sole voting and dispositive power over the securities held by the Accounts.
- The Reporting Persons disclaim beneficial ownership of the reported securities, a common legal formality for investment managers.
- The Accounts have the right to receive dividends or proceeds from the sale of these securities.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral. It is a standard regulatory disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or prospects.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA (This filing does not contain forward-looking statements or guidance.)
Management Comments
- NA
Industry Context
StockSavvy.ai notes that Schedule 13G filings are routine disclosures for institutional investors or groups that acquire more than 5% of a company's voting class of securities, indicating a passive investment intent. This filing updates the market on the continued significant stake held by Progeny 3, Inc. and Jon Hemingway in TIC Solutions, Inc.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and liquidity.
- Investment Community: Offers insight into the holdings of a notable investment manager and its control person.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2025-05-09 | Initial Schedule 13G filed by Reporting Persons with the SEC. |
| 2025-12-31 | Date of event which requires filing of this statement. |
| 2026-01-02 | Date as of which the number of outstanding shares of Common Stock was reported by the Issuer in its Form 8-K, used for percentage calculation. |
| 2026-02-09 | Date of signature for Amendment No. 1 to Schedule 13G. |
Keywords
TIC Solutions Inc., Progeny 3 Inc., Jon Hemingway, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Investment Management, Shareholder Disclosure
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