Gran Tierra Energy holder reports 13.5% stake
Gran Tierra Energy Inc. is the subject of an amended Schedule 13D filing in which Equinox Partners Investment Management LLC, affiliated funds, and Sean M. Fieler report beneficial ownership of 4,781,471 shares of common stock.
Rhea-AI Filing Summary
Gran Tierra Energy Inc. is the subject of an amended Schedule 13D filing in which Equinox Partners Investment Management LLC, affiliated funds, and Sean M. Fieler report beneficial ownership of 4,781,471 shares of common stock. This represents approximately 13.5% of Gran Tierra’s outstanding common shares, based on 35,380,429 shares outstanding as disclosed in a recent quarterly report. The shares were acquired using clients’ investment capital, with an aggregate purchase cost of about $25,511,601.87, including commissions, and some positions may be held in margin accounts. The reporting group states it bought the stock because it viewed it as undervalued and may increase or decrease its holdings over time. It may also engage with management, the board, other shareholders, and potential acquirers, and may make proposals regarding capital allocation, capitalization, ownership structure (including a possible sale of the issuer), board composition, or operations. The filers disclaim beneficial ownership of shares they do not directly own, including 43,917 shares underlying deferred stock units awarded to former director Brad Virbitsky.
Positive
- None.
Negative
- None.
Filing Explained
This Amendment No. 3 states that the reporting group has no present plan or proposal for the listed corporate actions, although it may later buy or sell shares, communicate with stakeholders, or propose changes; those possibilities are not current commitments.
Key Figures
Key Terms
beneficial ownership regulatory
Schedule 13D regulatory
margin accounts financial
deferred stock units financial
capital allocation strategy financial
dispositive power regulatory
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Gran Tierra Energy (GTE) is reported in this Schedule 13D/A?
Who are the main reporting persons in Gran Tierra Energy (GTE)’s amended Schedule 13D?
What percentage of Gran Tierra Energy (GTE) does Equinox Partners Investment Management LLC report?
What future actions do the reporting persons contemplate regarding Gran Tierra Energy (GTE)?
What board relationship is disclosed between Gran Tierra Energy (GTE) and Equinox Partners?
AI-generated analysis. How Rhea-AI works. Not financial advice.