Form 4: Bally's Corp: Standard General Distributes 1,740,000 Shares of Common Stock

Standard General L.P. distributed 1,740,000 shares of Bally's Corp common stock, while maintaining indirect beneficial ownership of 8,849,849 shares.

Summary

• On October 18, 2024, Standard General L.P. distributed 1,740,000 shares of Bally's Corp common stock.
• The distribution was made by a private investment vehicle managed by Standard General.
• The shares were distributed at a price of $0.
• Following the transaction, Standard General indirectly beneficially owns 8,849,849 shares of Bally's Corp.
• Soohyung Kim, a director of Bally's Corp and an executive at Standard General, may be deemed to indirectly beneficially own these shares.
• Both Standard General and Mr. Kim disclaim beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a share distribution. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing reflects changes in beneficial ownership of Bally's Corp shares, which is a common occurrence in publicly traded companies. It's important to monitor such filings to understand the actions of major shareholders and insiders.

Stakeholder Impact

• The distribution of shares could potentially impact the trading volume and price of Bally's Corp stock.

Key Dates