Large LTH holder TPG VII Magni SPV plans 3.2M-share resale (LTH)
Rhea-AI Filing Summary
TPG VII Magni SPV, L.P., a stockholder of the issuer of LTH, filed notice of a proposed resale of 3,202,754 shares of common stock, par value $0.01 per share, through J.P. Morgan Securities LLC, with an aggregate market value of $140,312,652.74 and 223,461,948 shares of this class outstanding, with sales expected to begin on 08/10/2026 on the NYSE. The seller originally acquired 37,639,159 shares in 2021 from the issuer and/or via automatic conversion of preferred stock, and has sold 1,880,759 shares for $61,143,475.09 on 05/21/2026 in the last three months.
Positive
- None.
Negative
- None.
Key Figures
Planned shares to be sold: 3,202,754 shares
Aggregate market value of planned sale: $140,312,652.74
Shares outstanding for this class: 223,461,948 shares
+3 more
6 metrics
Planned shares to be sold
3,202,754 shares
Common stock, par value $0.01 per share, to be sold beginning 08/10/2026
Aggregate market value of planned sale
$140,312,652.74
Value of 3,202,754 shares of common stock proposed for resale
Shares outstanding for this class
223,461,948 shares
Outstanding common stock, par value $0.01 per share
Shares sold in past 3 months
1,880,759 shares
Common stock sold on 05/21/2026 by the same selling stockholder
Value of past 3-month sales
$61,143,475.09
Proceeds from 1,880,759 shares sold on 05/21/2026
Originally acquired shares
37,639,159 shares
Common stock acquired on 10/12/2021 via purchase and/or automatic conversion of preferred stock
Key Terms
automatic conversion, par value, preferred stock, resale
4 terms
automatic conversion financial
"upon the automatic conversion of shares of Preferred Stock of the Issuer into shares of Common Stock"
par value financial
"Common stock, par value $0.01 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
preferred stock financial
"conversion of shares of Preferred Stock of the Issuer into shares of Common Stock"
Preferred stock is a type of ownership in a company that typically offers investors higher and more consistent dividend payments than common stock. Unlike regular shares, preferred stock usually doesn’t come with voting rights but provides a priority claim on the company’s assets and profits, making it a more stable and predictable investment option. This makes preferred stock attractive to those seeking steady income with lower risk.
resale financial
"The shares of Common Stock reported herein were originally acquired by Seller from Issuer"
Resale is the act of selling an item, asset, or security by someone who previously bought it rather than by the original maker or issuer. It matters to investors because resale activity affects how easily an investment can be sold, the price buyers are willing to pay, and the potential profit or loss — like selling a used car: condition, demand and market rules determine what you can get for it.
AI-generated analysis. How Rhea-AI works. Not financial advice.