SCHEDULE: Cooper Creek Boosts Funko Stake to 8%
Beneficial Ownership Disclosure
Cooper Creek Partners Management LLC has increased its beneficial ownership in Funko, Inc. common stock to 8.0%, holding 4,390,494 shares.
Summary
- Cooper Creek Partners Management LLC, a Delaware-based investment adviser, has reported beneficial ownership of 4,390,494 shares of Funko, Inc. common stock.
- This ownership represents 8.0% of Funko, Inc.'s outstanding common stock.
- The filing is an Amendment No. 11 to a Schedule 13G, indicating ongoing reporting of their stake.
- Cooper Creek Partners Management LLC holds sole voting power and sole dispositive power over all 4,390,494 shares.
Sentiment
Score: 5
Explanation: This filing is a routine disclosure of beneficial ownership and does not contain performance or forward-looking statements, thus it is neutral in sentiment.
Risks
- No specific operational or financial risks are detailed in this ownership disclosure.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure of a significant ownership stake by an institutional investor in a publicly traded company, common across various industries.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Certification | The reporting person certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, other than activities solely in connection with a nomination under Rule 240.14a-11. | 06/30/2025 | This certification indicates a generally passive investment intent, while allowing for potential director nominations under universal proxy rules without triggering a Schedule 13D filing. |
Stakeholder Impact
- Increased institutional ownership by an investment adviser may signal confidence in the company's long-term prospects to other shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement. |
Keywords
Funko, FNKO, Cooper Creek Partners, beneficial ownership, Schedule 13G, investment adviser, common stock
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