Form 4: Mill Road Capital III, L.P. Adjusts Stake in Alta Equipment Group Inc.
SEC Form 4
Mill Road Capital III, L.P. reports acquisition and disposition of Alta Equipment Group Inc. shares and put options.
Summary
- On June 27, 2024, Mill Road Capital III, L.P. acquired 33,700 shares of Alta Equipment Group Inc. common stock at a price of $10 per share.
- On the same day, Mill Road Capital III, L.P. disposed of 3,562,994 shares.
- Following these transactions, Mill Road Capital III, L.P. directly owns 3,562,994 shares of Alta Equipment Group Inc.
- Mill Road Capital III, L.P. also holds 4,966 put options on Alta Equipment Group Inc. common stock with an exercise price of $10, expiring on July 19, 2024.
- These put options cover 33,700 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing transactions, with no inherent positive or negative sentiment. It simply reflects changes in ownership.
Industry Context
This Form 4 filing indicates changes in the ownership structure of Alta Equipment Group Inc., which is common in the financial markets as investors adjust their positions in response to market conditions or company performance.
Stakeholder Impact
- The change in shareholding may influence investor sentiment and potentially affect the stock price of Alta Equipment Group Inc.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Earliest date of put options becoming exercisable |
| 05/10/2024 | Latest date of put options becoming exercisable |
| 06/27/2024 | Date of share acquisition and disposal, and put options transaction |
| 07/01/2024 | Date of signatures |
| 07/19/2024 | Expiration date of put options |
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