Babcock & Wilcox Enterprises, Inc. received a joint Schedule 13G/A disclosing that six related reporting persons collectively hold 4,332,913 shares of the issuer's common stock, representing 4.4% of the class. The filers are CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC and Aaron Weitman. Each reporting person reports zero sole voting or dispositive power and reports shared voting and dispositive power over 4,332,913 shares, and they certify the holdings are not for the purpose of changing or influencing control of the issuer. The filing attaches a joint filing agreement and a control-person identification exhibit.
Positive
Transparent disclosure of aggregate holdings: 4,332,913 shares representing 4.4% of the class
Joint filing and exhibits (Joint Filing Agreement and Control Person Identification) clarify relationships among reporting persons
Passive intent certification stating the securities are not held to influence control of the issuer
Negative
None.
Insights
TL;DR: A coordinated disclosure shows a modest 4.4% stake held with shared control and a passive intent statement.
This Schedule 13G/A reports 4,332,913 shares (4.4%) held by a group of affiliated entities and an individual. The position is disclosed as shared voting and dispositive power, with no sole voting or sole dispositive power reported. The filing includes a certification that the stake is not held to change or influence control, consistent with a passive investor filing under Rule 13d-1(b)/(c). Given the stake is under 5%, this disclosure is informational and typically has limited immediate governance impact.
Impact assessment: not impactful
TL;DR: Related entities disclose shared authority over a sub-5% position and disclaim control intentions.
The joint filing and exhibits indicate coordinated reporting among affiliated funds and managers, with signatures attesting to joint filing and control-person identification. Reporting persons disclaim beneficial ownership except to the extent of pecuniary interest and affirm the holdings are not intended to influence control. For governance, a 4.4% shared position is notable for transparency but does not, by itself, constitute a control threat or trigger Section 13(d) activism thresholds.
How many shares of Babcock & Wilcox Enterprises (BWSN) are reported in this filing?
The filing reports 4,332,913 shares of common stock.
What percentage of BWSN does the reported position represent?
The reported aggregate position represents 4.4% of the class.
Do any of the reporting persons claim sole voting or dispositive power over the shares?
No; each reporting person reports zero sole voting power and zero sole dispositive power.
Do the filers claim intent to influence control of Babcock & Wilcox Enterprises?
No; the filers certified the securities were not acquired and are not held to change or influence control of the issuer.
Who are the reporting persons named in the Schedule 13G/A?
CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC, and Aaron Weitman.
Are the holdings reported as shared or sole power?
The holdings are reported as shared voting and shared dispositive power of 4,332,913 shares for each reporting person.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Babcock & Wilcox Enterprises, Inc.
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
05614L209
(CUSIP Number)
06/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
CastleKnight Master Fund LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
CastleKnight Fund GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
CastleKnight Management LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
CastleKnight Management GP LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
Weitman Capital LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP No.
05614L209
1
Names of Reporting Persons
Aaron Weitman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,332,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,332,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,332,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.4 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Babcock & Wilcox Enterprises, Inc.
(b)
Address of issuer's principal executive offices:
1200 East Market Street, Suite 650, Akron, Ohio 44305
Item 2.
(a)
Name of person filing:
CastleKnight Master Fund LP
CastleKnight Fund GP LLC
CastleKnight Management LP
CastleKnight Management GP LLC
Weitman Capital LLC
Aaron Weitman
(b)
Address or principal business office or, if none, residence:
CastleKnight Master Fund LP
Maples Corporate Services Limited
P.O. Box 309
Ugland House
Grand Cayman KY1-1104
Cayman Islands
CastleKnight Fund GP LLC
888 Seventh Avenue, 24th Floor
New York, New York 10019
United States of America
CastleKnight Management LP
888 Seventh Avenue, 24th Floor
New York, New York 10019
United States of America
CastleKnight Management GP LLC
888 Seventh Avenue, 24th Floor
New York, New York 10019
United States of America
Weitman Capital LLC
c/o Aaron Weitman
c/o CastleKnight Management LP
888 Seventh Avenue, 24th Floor
New York, New York 10019
United States of America
Aaron Weitman
c/o CastleKnight Management LP
888 Seventh Avenue, 24th Floor
New York, New York 10019
United States of America
(c)
Citizenship:
CastleKnight Master Fund LP - Cayman Islands
CastleKnight Fund GP LLC - Delaware
CastleKnight Management LP - Delaware
CastleKnight Management GP LLC - Delaware
Weitman Capital LLC - New Jersey
Aaron Weitman - United States of America
(d)
Title of class of securities:
Common Stock, $0.01 par value
(e)
CUSIP No.:
05614L209
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
CastleKnight Master Fund LP - 4,332,913
CastleKnight Fund GP LLC - 4,332,913
CastleKnight Management LP - 4,332,913
CastleKnight Management GP LLC - 4,332,913
Weitman Capital LLC - 4,332,913
Aaron Weitman - 4,332,913
(b)
Percent of class:
CastleKnight Master Fund LP - 4.4%
CastleKnight Fund GP LLC - 4.4%
CastleKnight Management LP - 4.4%
CastleKnight Management GP LLC - 4.4%
Weitman Capital LLC - 4.4%
Aaron Weitman - 4.4%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
CastleKnight Master Fund LP - 0
CastleKnight Fund GP LLC - 0
CastleKnight Management LP - 0
CastleKnight Management GP LLC - 0
Weitman Capital LLC - 0
Aaron Weitman - 0
(ii) Shared power to vote or to direct the vote:
CastleKnight Master Fund LP - 4,332,913
CastleKnight Fund GP LLC - 4,332,913
CastleKnight Management LP - 4,332,913
CastleKnight Management GP LLC - 4,332,913
Weitman Capital LLC - 4,332,913
Aaron Weitman - 4,332,913
(iii) Sole power to dispose or to direct the disposition of:
CastleKnight Master Fund LP - 0
CastleKnight Fund GP LLC - 0
CastleKnight Management LP - 0
CastleKnight Management GP LLC - 0
Weitman Capital LLC - 0
Aaron Weitman - 0
(iv) Shared power to dispose or to direct the disposition of:
CastleKnight Master Fund LP - 4,332,913
CastleKnight Fund GP LLC - 4,332,913
CastleKnight Management LP - 4,332,913
CastleKnight Management GP LLC - 4,332,913
Weitman Capital LLC - 4,332,913
Aaron Weitman - 4,332,913
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CastleKnight Master Fund LP
Signature:
By: CastleKnight Fund GP LLC, its general partner, By: Weitman Capital LLC, its managing member, By: /s/ Aaron Weitman
Name/Title:
Aaron Weitman/Manager
Date:
08/14/2025
CastleKnight Fund GP LLC
Signature:
By: Weitman Capital LLC, its managing member, By: /s/ Aaron Weitman
Name/Title:
Aaron Weitman/Manager
Date:
08/14/2025
CastleKnight Management LP
Signature:
By: CastleKnight Management GP LLC, its general partner, By: Weitman Capital LLC, its managing member, By: /s/ Aaron Weitman
Name/Title:
Aaron Weitman/Manager
Date:
08/14/2025
CastleKnight Management GP LLC
Signature:
By: Weitman Capital LLC, its managing member, By: /s/ Aaron Weitman
Name/Title:
Aaron Weitman/Manager
Date:
08/14/2025
Weitman Capital LLC
Signature:
/s/ Aaron Weitman
Name/Title:
Aaron Weitman/Manager
Date:
08/14/2025
Aaron Weitman
Signature:
/s/ Aaron Weitman
Name/Title:
Aaron Weitman
Date:
08/14/2025
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Exhibit Information
[Exhibit A - Joint Filing Agreement]
[Exhibit B - Control Person Identification]
