SCHEDULE 13G/A: CastleKnight Entities Disclose Passive 3.7% Stake in Upland Software

CastleKnight Master Fund LP and related entities have filed an amended Schedule 13G, disclosing a passive beneficial ownership of 3.7% in Upland Software, Inc. as of December 31, 2024.

Summary

• The filing is an Amendment No. 1 to Schedule 13G for Upland Software, Inc. (Issuer).
• The reporting persons include CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC, and Aaron Weitman.
• As of December 31, 2024, the aggregate amount beneficially owned by the reporting persons is 1,020,143 shares of Upland Software, Inc. common stock.
• This beneficial ownership represents 3.7% of the class of Upland Software, Inc. common stock.
• All reporting persons share both voting power and dispositive power over the 1,020,143 shares.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership and does not contain information that would significantly alter sentiment regarding the company's performance or outlook.

Future Outlook

NA

Management Comments

• The reporting persons certify that the securities 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.
• Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein.

Industry Context

NA

Stakeholder Impact

• Informs existing shareholders about a new passive institutional investor and its ownership stake in the company.

Key Dates

Keywords

Upland Software, CastleKnight Master Fund, Schedule 13G, beneficial ownership, passive investment, common stock, SEC filing