SCHEDULE 13G: Key Investors Disclose Significant Passive Stakes in Waldencast plc
Beneficial Ownership Disclosure
Two Bahamian investment entities, Fitpart Fund Administration Services Ltd. and Annapurna Investment Fund Ltd., have disclosed significant passive ownership stakes in Waldencast plc, collectively holding over 16% of the Class A ordinary shares.
Summary
- Fitpart Fund Administration Services Ltd. reported beneficial ownership of 12,364,882 Class A ordinary shares of Waldencast plc, representing 10.7% of the class.
- Annapurna Investment Fund Ltd. reported beneficial ownership of 7,013,119 Class A ordinary shares of Waldencast plc, representing 6.2% of the class.
- Both reporting persons, Fitpart Fund Administration Services Ltd. and Annapurna Investment Fund Ltd., exercise shared voting and shared dispositive power over their respective reported shares.
- The percentage of class is calculated based on 112,026,440 Class A ordinary shares outstanding as of December 31, 2024, as reported in the Issuer's Form 20-F filed on March 20, 2025, plus additional shares issuable upon warrant exercise for each reporting person.
- Fitpart Fund Administration Services Ltd. is classified as an Investment Adviser (IA), and Annapurna Investment Fund Ltd. is classified as a Company (CO).
- The filing is a Schedule 13G, indicating 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: 6
Explanation: The filing is a routine disclosure of passive ownership, indicating significant institutional interest in Waldencast plc without implying any intent to influence control. This is generally a neutral to slightly positive signal.
Positives
- Increased transparency regarding significant institutional ownership in Waldencast plc.
- Indicates continued institutional interest in Waldencast plc from passive investors.
Industry Context
This filing is a routine disclosure of significant passive ownership, common for publicly traded companies. It indicates that institutional investors continue to find Waldencast plc an attractive investment for their portfolios, without implying any intent to influence company control.
Related Party Transactions
- Fitpart Fund Administration Services Ltd. acts as an investment adviser to Annapurna Investment Fund Ltd. and other clients. Annapurna Investment Fund Ltd. is the only advisory client of Fitpart known to beneficially own more than 5% of Waldencast plc's Class A ordinary shares.
Stakeholder Impact
- Shareholders: Provides transparency on the identity and holdings of significant passive institutional investors, which can offer insights into institutional confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date as of which 112,026,440 Class A ordinary shares were reported outstanding in the Issuer's Form 20-F. |
| 02/04/2025 | Date of event which requires the filing of this statement. |
| 03/20/2025 | Date of Issuer's Form 20-F filing. |
| 05/19/2025 | Date of filing of this Schedule 13G statement. |
Keywords
Waldencast plc, Class A ordinary shares, Schedule 13G, beneficial ownership, institutional investment, Fitpart Fund Administration Services Ltd., Annapurna Investment Fund Ltd., SEC filing, passive investment
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