AWM details 820,000-share SUNation Energy (SUNE) stake on Form 3
Rhea-AI Filing Summary
AWM Investment Company, Inc. has filed an initial ownership report for SUNation Energy, Inc., showing indirect holdings of 820,000 shares of Common Stock. The shares are held by Special Situations Private Equity Fund, L.P., over which AWM has sole voting and investment power, while disclaiming beneficial ownership beyond its pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
AWM Investment Company, Inc.
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 820,000 shares (Indirect, by Limited Partnership)
Footnotes (1)
- F1. AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Private Equity Fund, L.P. (SSPE). As the investment adviser to the Funds, AWM holds sole voting and investment power over 820,000 shares of Common Stock of the Issuer (the Shares) held by SSPE. David M. Greenhouse (Greenhouse) and Adam C. Stettner (Stettner) are the controlling principals of AWM. The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Indirect common shares held: 820,000 shares
1 metrics
Indirect common shares held
820,000 shares
Common Stock held by Special Situations Private Equity Fund, L.P.
Key Terms
investment adviser, beneficial ownership, pecuniary interest
3 terms
investment adviser financial
"AWM Investment Company, Inc., a Delaware Corporation (AWM), is the investment adviser to Special Situations Private Equity Fund, L.P."
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of the Shares, except to the extent of its pecuniary interest therein."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does AWM Investment Company report in its SUNE Form 3 filing?
AWM reports indirect holdings of 820,000 SUNation Energy (SUNE) common shares. The position is held through Special Situations Private Equity Fund, L.P., with AWM exercising sole voting and investment power as investment adviser while filing this initial ownership report.
Does AWM claim full beneficial ownership of its SUNE stake?
AWM explicitly disclaims beneficial ownership of the SUNation Energy shares, except to the extent of its pecuniary interest. The filing states this disclaimer so the report is not deemed an admission of beneficial ownership for Section 16 or other purposes.