SCHEDULE: Magnolia Capital Fund Adjusts Pure Cycle Reporting

Magnolia Capital Fund, LP, along with The Magnolia Group, LLC and Adam K. Peterson, have filed an amendment to Schedule 13G, confirming their beneficial ownership of Pure Cycle Corporation stock.

Summary

• This filing is an amendment to Schedule 13G for Pure Cycle Corporation, dated June 30, 2026.
• It is a joint filing by Magnolia Capital Fund, LP (MCF), The Magnolia Group, LLC (TMG), and Adam K. Peterson.
• The filing confirms that MCF beneficially owns 1,795,421 shares of Pure Cycle Corporation's Common Stock.
• TMG, a registered investment adviser, and Adam K. Peterson may be deemed indirect beneficial owners of MCF's shares.
• Adam K. Peterson also personally owns an additional 6,000 shares of Common Stock.
• Collectively, the reporting persons hold a total of 1,801,421 shares, representing 7.5% of the class.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily indicating a change in reporting structure and a confirmation of existing beneficial ownership, rather than new material developments.

Positives

• Confirmation of significant beneficial ownership by Magnolia Capital Fund, LP, indicating continued investment interest.
• The filing clarifies the reporting structure among related entities and individuals, providing transparency.
• Adam K. Peterson's personal ownership of 6,000 shares in addition to the fund's holdings.

Negatives

• No new material financial information or strategic updates are provided in this specific filing.
• The filing does not disclose any new acquisitions or changes in the percentage of ownership beyond what is already accounted for in the reporting structure.

Risks

• The filing does not explicitly mention any new risks or challenges.
• Potential risks could be inferred from the general market conditions or specific industry challenges faced by Pure Cycle Corporation, but these are not detailed within this document.

Future Outlook

This filing does not contain forward-looking statements or specific guidance regarding future performance.

Management Comments

• "This Schedule 13G is being jointly filed by Magnolia Capital Fund, LP ("MCF"), The Magnolia Group, LLC ("TMG"), a registered investment adviser, and Adam K. Peterson (each a "Reporting Person" and, collectively, the "Reporting Persons") with respect to shares of the common stock..."
• "TMG and Mr. Peterson may each exercise voting and dispositive power over the Common Stock held by MCF and, as a result, may be deemed to be indirect beneficial owners of shares of Common Stock held by MCF."
• "TMG and Mr. Peterson disclaim beneficial ownership of the Common Stock TMG is the general partner of MCF. Mr. Peterson is the managing member of TMG."
• "By signing below I certify that, 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..."

Industry Context

StockSavvy.ai notes that this filing is a routine disclosure under SEC regulations for significant beneficial ownership. It does not provide new operational or financial insights into Pure Cycle Corporation's business but rather clarifies the reporting relationships of its major shareholders.

Stakeholder Impact

• Shareholders: Increased transparency regarding the beneficial ownership structure of a significant shareholder.
• Management: Clarification of reporting obligations and relationships among key investment entities.
• Regulators: Compliance with SEC disclosure requirements.

Next Steps

• Continued compliance with SEC reporting requirements for beneficial ownership.
• Monitoring of Pure Cycle Corporation's operational and financial performance by Magnolia Capital Fund, LP.

Key Dates

Keywords

Pure Cycle Corporation, Magnolia Capital Fund, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, SEC Filing, Amendment