[SCHEDULE 13G/A] Ferroglobe PLC SEC Filing
Ferroglobe PLC has a new disclosure showing that Cooper Creek Partners Management LLC, an investment adviser, beneficially owns 14,929,137 shares of the company’s common stock, representing 8.0% of the outstanding class. The filing states Cooper Creek holds sole voting and dispositive power over those shares. The reporting party certifies the shares were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure makes a sizeable stake and control profile transparent to investors without indicating any change in corporate control.
- Material disclosure of ownership: Cooper Creek reports beneficial ownership of 14,929,137 shares (8.0%) of Ferroglobe common stock.
- Sole control stated: The filer reports sole voting and dispositive power over the reported shares, clarifying control profile.
- Holdings characterized as ordinary-course investments: The filing certifies shares are held in the ordinary course of business and not to influence control.
- None.
Insights
TL;DR: An investment adviser reports a sizeable 8.0% stake with sole voting and dispositive power; filer denies intent to influence control.
The Schedule 13G/A shows Cooper Creek Partners Management LLC holds 14,929,137 shares (8.0%) of Ferroglobe common stock and reports sole voting and dispositive authority. For investors, the filing increases transparency about major ownership and voting concentration. The certification that holdings are "in the ordinary course of business" and not for the purpose of influencing control is material because it frames the stake as an investment position rather than an activist intent. This remains a notable passive stake given its size relative to the class.
TL;DR: A significant passive ownership disclosure; governance implications hinge on future disclosures or actions, none indicated here.
The report identifies Cooper Creek as an investment adviser with sole voting and dispositive power over the 8.0% holding and includes standard certifications denying any purpose to affect control. From a governance perspective, the filing is important for board and shareholder awareness because concentrated share blocks can influence votes if reclassified or mobilized. However, the filing contains no statement of plans or proposals, so current governance impact is limited to transparency about voting power.