Alyeska discloses 7.14% stake in ESS Tech
ESS Tech, Inc. disclosed that funds associated with Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh beneficially own 1,400,000 shares of its common stock.
Rhea-AI Filing Summary
ESS Tech, Inc. disclosed that funds associated with Alyeska Investment Group, L.P., Alyeska Fund GP, LLC and Anand Parekh beneficially own 1,400,000 shares of its common stock. This represents 7.14% of the company’s outstanding common shares as of a recent prospectus.
The filing shows Alyeska and Parekh share both voting and dispositive power over all 1,400,000 shares, with no sole voting or dispositive authority. The investors certify the stake is held in the ordinary course of business and not for the purpose of changing or influencing control of ESS Tech.
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Insights
Alyeska reports a passive 7.14% stake in ESS Tech.
The disclosure shows Alyeska Investment Group, its general partner Alyeska Fund GP, LLC, and Anand Parekh jointly beneficially owning 1,400,000 common shares of ESS Tech, equal to 7.14% of outstanding stock based on 19,617,070 shares reported in a recent prospectus.
The group has shared voting and dispositive power over the full position and no sole authority, indicating coordinated control over how the shares are voted and transacted. They certify the holdings are in the ordinary course of business and not intended to change or influence control, framing this as a passive institutional stake rather than an activist position.
FAQ
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What percentage of ESS Tech (GWH) does Alyeska beneficially own?
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Is Alyeska’s ESS Tech (GWH) stake described as passive or activist?
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