SCHEDULE: BlackRock Discloses 5.8% Stake in Amprius Technologies
Beneficial Ownership Report (Schedule 13G)
BlackRock, Inc. has reported a 5.8% beneficial ownership stake in Amprius Technologies Inc., holding over 7.2 million common shares.
Summary
- BlackRock, Inc. has filed a Schedule 13G, disclosing its beneficial ownership in AMPRIUS TECHNOLOGIES INC.
- BlackRock beneficially owns an aggregate of 7,297,002 shares of Common Stock, representing 5.8% of the class.
- The reporting entity holds sole voting power over 7,133,356 shares and sole dispositive power over 7,297,002 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- The filing indicates that various persons have the right to receive dividends or proceeds from the sale of these securities, but no single person's interest exceeds five percent of the total outstanding common shares.
Sentiment
Score: 7
Explanation: The filing indicates a significant, passive institutional investment by BlackRock, a major asset manager, in Amprius Technologies Inc. This generally signals confidence from a large investor, which is a positive indicator for the company, even if it's a routine disclosure.
Positives
- BlackRock, a major institutional investor, holding a significant 5.8% stake in Amprius Technologies Inc. can be viewed as a vote of confidence in the company's long-term prospects.
- The passive nature of the investment, as stated in the certification, suggests BlackRock is not seeking to influence control, which can provide stability for existing management and strategic direction.
Negatives
- The filing itself does not contain any negative information regarding Amprius Technologies Inc. or BlackRock's investment.
Risks
- The filing does not detail specific risks related to Amprius Technologies Inc.'s operations or financial performance, as it is a disclosure of beneficial ownership.
Future Outlook
The Schedule 13G filing does not provide any forward-looking statements or guidance regarding Amprius Technologies Inc.'s future performance or BlackRock's future investment intentions beyond the passive nature of the current holding.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
This filing indicates a significant institutional investment by BlackRock, one of the world's largest asset managers, in Amprius Technologies Inc. Such disclosures are common for large funds that cross a 5% ownership threshold in publicly traded companies, signaling their passive investment positions rather than active attempts to influence corporate control. It places Amprius Technologies Inc. on the radar of a major institutional player.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Authorized Signatories (Attorneys-in-Fact) for BlackRock, Inc. | NA (previous Power of Attorney revoked) | Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Laura Hildner, David Maryles, Christopher Meade, Charles Park, James Raby, Daniel Riemer, David Rothenberg, Brenda Schulz | 2025-01-21 | Update and renewal of Power of Attorney, revoking the previous one dated April 30, 2023. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update (BlackRock, Inc.) | BlackRock, Inc. executed a new Power of Attorney, effective January 21, 2025, authorizing a list of individuals to execute and file ownership or control-person reporting requirements on its behalf. This new Power of Attorney expressly revokes the previous one dated April 30, 2023. | 2025-01-21 | This update streamlines BlackRock's internal processes for SEC and other regulatory filings, ensuring continuity and efficiency in compliance reporting. It does not directly impact Amprius Technologies Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: The disclosure of a significant stake by a major institutional investor like BlackRock may enhance investor confidence and potentially attract further institutional interest in Amprius Technologies Inc.
- Management: The passive nature of BlackRock's investment indicates no immediate intent to influence management or corporate strategy, allowing current leadership to continue their strategic initiatives without external pressure from this specific shareholder.
Next Steps
- BlackRock, Inc. will continue to hold its shares in Amprius Technologies Inc. in the ordinary course of business.
- Future filings may occur if BlackRock's beneficial ownership percentage significantly changes (e.g., crosses another 5% threshold or falls below 5%).
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney for BlackRock, Inc. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-09-30 | Date of event which required the filing of this Schedule 13G statement. |
| 2025-10-17 | Date of signature for the Schedule 13G filing by BlackRock, Inc. |
Keywords
BlackRock, Amprius Technologies, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, SEC Filing, Investment
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