SCHEDULE 13G/A: Park West Asset Management Updates Significant Stake in LENSAR, Inc. to 7.0%
Beneficial Ownership Disclosure
Park West Asset Management LLC and its affiliates have disclosed an updated beneficial ownership of 7.0% in LENSAR, Inc. common stock as of December 31, 2024.
Summary
- Park West Asset Management LLC, Park West Investors Master Fund, Limited, and Peter S. Park jointly filed an Amendment No. 5 to Schedule 13G regarding their beneficial ownership in LENSAR, Inc.
- As of December 31, 2024, Park West Asset Management LLC and Peter S. Park collectively beneficially own 810,676 shares of LENSAR, Inc. common stock.
- This aggregate ownership represents 7.0% of LENSAR, Inc.'s outstanding common stock.
- Park West Investors Master Fund, Limited, a part of the Park West group, beneficially owns 736,836 shares, which constitutes 6.3% of the class.
- The beneficial ownership percentage is calculated based on 11,614,807 shares of common stock issued and outstanding as of October 31, 2024, as reported by LENSAR, Inc. in its Quarterly Report on Form 10-Q.
- The reporting persons hold shared voting and shared dispositive power over the reported shares.
Sentiment
Score: 5
Explanation: Neutral, as the document is a factual disclosure of beneficial ownership and does not contain performance or forward-looking statements about the issuer's operations or financial health.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially signal confidence or lack thereof in the company.
Key Dates
| Date | Description |
|---|---|
| October 13, 2020 | Date of the Joint Filing Agreement between Park West Asset Management LLC, Park West Investors Master Fund, Limited and Peter S. Park. |
| October 31, 2024 | Date for the calculation of outstanding shares (11,614,807 shares) used to determine beneficial ownership percentage. |
| November 7, 2024 | Date LENSAR, Inc. filed its Quarterly Report on Form 10-Q, providing the outstanding shares count. |
| December 31, 2024 | Date of the event which requires the filing of this statement, reflecting the beneficial ownership snapshot. |
| February 14, 2025 | Date of the Schedule 13G filing. |
Keywords
LENSAR, Inc., Park West Asset Management, Park West Investors Master Fund, Peter S. Park, Schedule 13G, beneficial ownership, common stock, investment management, SEC filing
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