Public Co Management gets new 23.9M-share holder
PUBLIC CO MANAGEMENT CORP (PCMC) reports that REPOSITORY SERVICES LLC is a more-than-10% beneficial owner, filing an initial statement of ownership on Form 3.
Rhea-AI Filing Summary
PUBLIC CO MANAGEMENT CORP (PCMC) reports that REPOSITORY SERVICES LLC is a more-than-10% beneficial owner, filing an initial statement of ownership on Form 3. The reporting entity holds 23,946,307 shares of PCMC common stock directly, acquired from prior stockholders.
The shares were purchased using the reporting entity’s capital and working capital funded by third-party investors. Those investors have an economic interest in the securities but, according to the disclosure, do not have voting or dispositive power over the shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, $.001 Par Value F1 | -- | -- | -- |
Footnotes (1)
- F1. The Reporting Person acquired beneficial ownership of the Common Stock through the acquisition of outstanding shares from prior stockholders of the Issuer. The funds used for such acquisitions and transactions were obtained from the Reporting Person's capital contributions and working capital, which in turn was obtained from certain third-party investors who contributed capital to the Reporting Person and are entitled to an economic interest in the securities acquired by the Reporting Person, the allocation and terms of which will be determined pursuant to the Reporting Person's operating agreement and related investment agreements. These arrangements do not confer voting or dispositive power over the securities to such investors.
Key Figures
Key Terms
beneficial ownership financial
working capital financial
voting or dispositive power financial
FAQ
Who is the reporting owner in PCMC's Form 3 filing?
What role do third-party investors play in REPOSITORY SERVICES LLC’s PCMC holdings?
Is the ownership reported by REPOSITORY SERVICES LLC in PCMC direct or indirect?
AI-generated analysis. How Rhea-AI works. Not financial advice.