Form 4: Sun Cardinal LLC Sells Shares of Vince Holding Corp. to P180 Vince Acquisition Co.

Sun Cardinal LLC, a significant shareholder of Vince Holding Corp., sold a portion of its shares to P180 Vince Acquisition Co. on January 22, 2025.

Summary

• On January 22, 2025, Sun Cardinal LLC sold shares of Vince Holding Corp. common stock to P180 Vince Acquisition Co.
• The transaction involved P180 purchasing 6,250,279 shares from Sun Cardinal at a price of $2.33 per share.
• Following the transaction, Sun Cardinal directly holds 930,714 shares of Vince Holding Corp.
• Sun Cardinal may transfer some of the held back shares to P180 in the future, subject to conditions outlined in the Stock and Loan Purchase Agreement.
• Sun Capital Partners V, L.P. owns all ownership interests in Sun Cardinal.
• Sun Capital Partners V, Ltd. is the general partner of Sun Capital Advisors V, L.P., which is the general partner of SCP V.
• The Indirect Sun Owners may be deemed to have indirect beneficial ownership of the securities owned by Sun Cardinal but disclaim beneficial ownership of any securities in which it does not have a pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction. It doesn't convey explicit positive or negative sentiment, but rather reports factual information.

Future Outlook

The document mentions that Sun Cardinal may transfer some of the held back shares to P180 in the future, subject to certain conditions set forth in the Stock and Loan Purchase Agreement.

Industry Context

This transaction reflects activity in the fashion retail sector, where companies like Vince Holding Corp. may experience shifts in ownership and investment.

Stakeholder Impact

• Shareholders of Vince Holding Corp. may be impacted by the change in ownership structure.
• The transaction could influence the market perception and valuation of Vince Holding Corp.

Key Dates