[SCHEDULE 13G] Magnera Corporation SEC Filing
Newtyn Management, LLC reported beneficial ownership of 2,271,500 shares of Magnera Corporation common stock, representing 6.4% of the approximately 35.6 million shares outstanding. The stake is held through two partnerships managed by Newtyn: Newtyn TE Partners, LP (1,412,873 shares) and Newtyn Partners, LP (858,627 shares). The Reporting Person is organized in New York and lists sole voting and dispositive power for all 2,271,500 shares.
The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The report includes the issuer's principal office address and cites the class and CUSIP for the common stock.
- Material ownership disclosed: 2,271,500 shares (6.4%) of common stock clearly reported.
- Clear voting and dispositive authority: Reporting Person states sole voting and sole dispositive power for all shares.
- Complete breakdown of holdings: Shares attributed to Newtyn TE Partners (1,412,873) and Newtyn Partners (858,627).
- Certification of ordinary-course holdings: Filing states securities are held in the ordinary course and not to change control.
- None.
Insights
TL;DR: A concentrated 6.4% stake by an investment manager signals a meaningful ownership position without disclosed intent to change control.
Newtyn Management's aggregated 2.27 million-share position is material relative to Magnera's ~35.6 million-share base. The filing shows sole voting and dispositive power for the full position, indicating clear control over how these shares are voted or sold. Because the certification states the position is held in the ordinary course of business and not to influence control, this appears to be an investment stake rather than an activist move, but it remains sizable enough to warrant investor attention.
TL;DR: A 6.4% beneficial holding by an investment adviser is notable for governance monitoring but not an immediate control shift.
The report specifies Newtyn as investment manager to two limited partnerships that together hold the shares and confirms sole voting/dispositive authority. The explicit certification that the stake is not intended to change control reduces immediate governance risk, yet the size of the position gives Newtyn the ability to influence certain shareholder votes if it chooses to engage. Disclosure is complete for ownership metrics; no transactions or activist intentions are stated.