SCHEDULE 13G: Fund 1 Investments Discloses 9.53% Stake in ENVIRI Corp

Fund 1 Investments, LLC has reported a 9.53% beneficial ownership stake in ENVIRI Corp's common stock, totaling 7,674,443 shares.

Summary

• Fund 1 Investments, LLC has filed a Schedule 13G, disclosing beneficial ownership of 7,674,443 shares of ENVIRI Corp's Common Stock.
• This stake represents 9.53% of ENVIRI Corp's outstanding Common Stock, calculated based on 80,497,280 shares outstanding as of April 24, 2025.
• Fund 1 Investments, LLC holds shared voting power and shared dispositive power over all 7,674,443 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of ENVIRI Corp.
• Pleasant Lake Partners LLC serves as the investment adviser for the private investment vehicles holding these shares, and Fund 1 Investments, LLC serves as the managing member of Pleasant Lake Partners LLC.
• Jonathan Lennon serves as the managing member of Fund 1 Investments, LLC.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investment in ENVIRI Corp, suggesting confidence from Fund 1 Investments, LLC. This is generally viewed positively by the market as it signals a substantial stake by a professional investment entity, although it is a passive disclosure rather than a performance report.

Positives

• A significant stake (9.53%) by an institutional investor like Fund 1 Investments, LLC can signal confidence in ENVIRI Corp's future prospects.
• The acquisition of shares in the ordinary course of business, without intent to influence control, suggests a passive, long-term investment perspective.

Risks

• Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and Jonathan Lennon disclaim beneficial ownership of the reported shares except to the extent of their pecuniary interest therein, which is a standard legal disclaimer.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Fund 1 Investments, LLC regarding ENVIRI Corp's future performance or strategic direction.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above 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 of the securities and were not acquired and are not held 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 §§ 240.14a-11."

Industry Context

This filing is a routine disclosure for institutional investors who acquire more than 5% of a company's outstanding shares, indicating a significant equity position. Such disclosures are common and provide transparency into major shareholder activity, which can sometimes influence market perception of a company.

Related Party Transactions

• Shares are held for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser.
• Fund 1 Investments, LLC serves as managing member of Pleasant Lake Partners LLC.
• Jonathan Lennon serves as managing member of Fund 1 Investments, LLC.
• PLP Funds Master Fund LP, a private investment vehicle advised by Pleasant Lake Partners LLC, has the right to receive dividends or proceeds from the sale of more than five percent of ENVIRI Corp's Common Stock.

Stakeholder Impact

• Shareholders may view the significant stake by Fund 1 Investments, LLC as a positive signal of institutional confidence in ENVIRI Corp.
• The disclosure provides transparency to the market regarding a major shareholder's position.

Key Dates

Keywords

ENVIRI Corp, Fund 1 Investments LLC, Beneficial Ownership, Common Stock, Institutional Investor, Equity Stake, Schedule 13G, Investment Disclosure