Poplar Point group reports 11.6% stake in Transact Technologies (TACT)
Rhea-AI Filing Summary
Poplar Point group reports beneficial ownership of 1,183,448 shares (11.6%) of Transact Technologies Inc. The filing states the position is held jointly by Poplar Point Capital Management LLC, Poplar Point Capital Partners, Poplar Point Capital GP LLC and Jad Fakhry, with shared voting and dispositive power over those shares.
The report lists the reporting persons' Delaware organization and gives their business address in Burlingame, CA. The filing is an amendment to earlier Schedule 13G information and is a passive ownership disclosure.
Positive
- None.
Negative
- None.
Insights
Joint ownership disclosed: 1,183,448 shares, shared voting/dispositive power.
The Schedule 13G/A details a passive institutional stake held by Poplar Point entities and Jad Fakhry, showing 1,183,448 shares (11.6%) with shared voting and dispositive authority. This identifies the group as a significant minority holder under SEC reporting thresholds.
Future filings may update holdings or voting arrangements; any change in classification (to an active investor) would require a different disclosure form.
Disclosure signals notable passive position but not an active campaign.
The filing characterizes the position as passive (Schedule 13G/A) and lists shared control rather than sole authority, indicating coordinated ownership through related entities. The 11.6% stake is large enough to be visible to market participants.
Material market impact would depend on subsequent trades or a change to an active investor classification; those actions would appear in later filings.
FAQ
What stake does Poplar Point report in Transact Technologies (TACT)?
Who are the reporting persons in the Schedule 13G/A for TACT?
Does the Schedule 13G/A say the stake is active or passive?
How is voting and dispositive power described in the filing?
Where is the principal business address for the Poplar Point reporting group?