Glazer Capital discloses 8.57% Blue Foundry Bancorp (NASDAQ: BLFY) stake
Rhea-AI Filing Summary
Blue Foundry Bancorp received a Schedule 13G reporting that investment manager Glazer Capital, LLC and its managing member Paul J. Glazer beneficially own 1,779,895 shares of the company’s common stock, representing 8.57% of the outstanding class. The shares are held by certain funds and managed accounts known as the Glazer Funds, including Glazer Capital Enhanced Master Fund, Ltd., which has the right to receive proceeds from the sale of more than 5% of the shares.
The reporting persons state they have shared voting and dispositive power over all 1,779,895 shares and no sole power. They also certify that the securities were not acquired and are not held for the purpose of changing or influencing control of Blue Foundry Bancorp, but rather under circumstances consistent with passive ownership.
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FAQ
What stake in Blue Foundry Bancorp (BLFY) does Glazer Capital report?
Glazer Capital and Paul J. Glazer report beneficial ownership of 1,779,895 shares of Blue Foundry Bancorp common stock, representing 8.57% of the outstanding class.
Who are the reporting persons in this Blue Foundry Bancorp (BLFY) Schedule 13G?
The reporting persons are Glazer Capital, LLC, a Delaware investment manager, and Paul J. Glazer, its Managing Member, with respect to shares held by certain Glazer Funds.
How much voting and dispositive power does Glazer Capital have over BLFY shares?
The reporting persons disclose 0 shares with sole voting or dispositive power and 1,779,895 shares with shared voting and shared dispositive power.
Is Glazer Capital filing as a passive investor in Blue Foundry Bancorp (BLFY)?
Yes. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of Blue Foundry Bancorp.
Which fund related to Glazer Capital holds more than 5% of BLFY shares?
Glazer Capital Enhanced Master Fund, Ltd., one of the Glazer Funds, has the right to receive or direct the receipt of proceeds from the sale of more than 5% of the outstanding common stock.
What class of Blue Foundry Bancorp (BLFY) securities is covered by this Schedule 13G?
The filing covers common stock of Blue Foundry Bancorp with a par value of $0.01 per share, identified by CUSIP 09549B104.