SCHEDULE: Major Shareholder CDP Investissements Inc. Affirms 30.3% Stake in Zevia PBC
Beneficial Ownership Update
CDP Investissements Inc. and Caisse de depot et placement du Quebec have filed an amended Schedule 13D, confirming their beneficial ownership of 20,022,092 shares, representing 30.3% of Zevia PBC's Class A Common Stock.
Summary
- CDP Investissements Inc. (CDPI) is the direct beneficial owner of 20,022,092 shares of Zevia PBC's Class A Common Stock.
- This ownership represents approximately 30.3% of Zevia PBC's outstanding Class A Common Stock.
- The percentage is based on 66,064,650 shares of Class A Common Stock outstanding as of May 2, 2025, as disclosed in Zevia PBC's Form S-3 registration statement filed on May 28, 2025.
- Caisse de depot et placement du Quebec (CDPQ), through its ownership of CDPI, may be deemed to share voting and dispositive power over these shares.
- No transactions in Zevia PBC's Class A Common Stock were effected by the reporting persons in the past sixty days.
- This filing is Amendment No. 1 to the original Schedule 13D filed on August 5, 2021.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership, confirming a significant stake without providing new operational or financial performance data for Zevia PBC. It is neutral in sentiment regarding the issuer's performance.
Positives
- A significant institutional investor, CDP Investissements Inc., maintains a substantial 30.3% stake, indicating continued confidence in Zevia PBC.
- The stability of the ownership stake, with no transactions in the last 60 days, suggests a long-term investment perspective from a major shareholder.
Future Outlook
No forward-looking statements or guidance regarding Zevia PBC's future performance or strategic direction are provided by the reporting persons in this beneficial ownership filing.
Industry Context
This filing primarily concerns a significant shareholder's stake and does not provide sufficient information to analyze broader industry trends or Zevia PBC's competitive position. It is a disclosure of ownership structure.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's continued substantial stake in Zevia PBC, which can influence investor perception and confidence.
Key Dates
| Date | Description |
|---|---|
| 2021-08-05 | Original Schedule 13D filing date by the Reporting Persons. |
| 2025-05-02 | Date as of which Zevia PBC reported 66,064,650 shares of Class A Common Stock outstanding. |
| 2025-05-28 | Date Zevia PBC's registration statement on Form S-3 (File No. 333-285266) was filed with the SEC. |
| 2025-06-30 | Date of event which required the filing of this Amendment No. 1 to Schedule 13D. |
| 2025-07-02 | Signature date of the Amendment No. 1 to Schedule 13D by Soulef Hadjoudj for CDP Investissements Inc. and Caisse de depot et placement du Quebec. |
Keywords
Zevia PBC, Class A Common Stock, Schedule 13D, beneficial ownership, CDP Investissements Inc., Caisse de depot et placement du Quebec, institutional investment, shareholder stake, equity
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.