Form 4: Fund 1 Investments, LLC Increases Stake in Tile Shop Holdings, Inc.
SEC Form 4 Filing
Fund 1 Investments, LLC, along with related entities, has increased its indirect beneficial ownership in Tile Shop Holdings, Inc. through a series of open market purchases.
Summary
- Fund 1 Investments, LLC, Pleasant Lake Partners LLC, and Pleasant Lake Onshore Feeder Fund LP have reported changes in their beneficial ownership of Tile Shop Holdings, Inc. (TTSH) common stock.
- Between January 2, 2025, and January 6, 2025, these entities acquired a total of 98,600 shares of TTSH common stock through a series of purchases at prices ranging from $6.891 to $7.0086 per share.
- Following these transactions, the reporting entities indirectly beneficially own 10,343,601 shares of TTSH common stock, excluding 1,002,207 shares held for the account of an unaffiliated private fund.
- The shares are held for the benefit of PLP Funds Master Fund LP and an additional private investment vehicle, with Pleasant Lake Partners LLC serving as investment advisor and Fund 1 Investments, LLC as managing member.
- Pleasant Lake Onshore Feeder Fund, LP contributed all of its securities in the Issuer to the Master Fund on January 2, 2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports transactions. The increased investment could be seen as slightly positive, but it's a routine filing.
Positives
- The increased investment by Fund 1 Investments, LLC and related entities could be interpreted as a positive signal regarding their confidence in the future prospects of Tile Shop Holdings, Inc.
Industry Context
This filing reflects the ongoing investment activity of a significant shareholder in Tile Shop Holdings, Inc., which is common in the investment management industry.
Stakeholder Impact
- The increased stake by Fund 1 Investments, LLC could potentially reassure shareholders about the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Pleasant Lake Onshore Feeder Fund, LP contributed all of its securities in the Issuer to the Master Fund. |
| 01/02/2025 | Purchase of 59,500 shares of common stock at $6.891 per share. |
| 01/02/2025 | Purchase of 20,000 shares of common stock at $6.926 per share. |
| 01/03/2025 | Purchase of 1,000 shares of common stock at $6.9905 per share. |
| 01/03/2025 | Purchase of 600 shares of common stock at $6.93 per share. |
| 01/06/2025 | Purchase of 10,000 shares of common stock at $6.9637 per share. |
| 01/06/2025 | Purchase of 27,500 shares of common stock at $7.0086 per share. |
| 01/06/2025 | Date of signature for the SEC Form 4 filings. |
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