OrthoPediatrics (NASDAQ: KIDS) 10% holder plans 700K-share sale
Rhea-AI Filing Summary
ORTHOPEDIATRICS CORP (KIDS) had a large shareholder, Squadron Capital, LLC, file a notice of proposed sale of common stock under Rule 144. Squadron, identified as a 10% stockholder, plans to sell up to 700,000 shares of KIDS common stock through broker Stifel Nicolaus & Company Inc.
The filing lists an aggregate market value of approximately $18,361,000 for these shares and states there are 26,109,788 shares of common stock outstanding. Squadron notes that the shares to be sold represent about 10% of its holdings and that the sale is intended to provide additional capital for its other portfolio businesses.
The shares being sold were originally acquired from the issuer on 09/20/2022 through a purchase of 1,525,000 common shares, with consideration described as cash plus forgiveness of debt, with payment dated 08/15/2022. The notice is dated 08/24/2026.
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Key Figures
Key Terms
Rule 144 regulatory
10% Stockholder financial
forgiveness of debt financial
aggregate market value financial
Securities To Be Sold regulatory
FAQ
What does the Form 144 filing for ORTHOPEDIATRICS CORP (KIDS) disclose?
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