L
Stride
· 5% stake
Notable
Fivespan Partners reports 5.3% of Stride after a board deal
Fivespan Partners holds 5.3% of Stride and, under a cooperation agreement, has a board seat, saying it bought because the shares looked undervalued.
The filing
13D
5.3%
Of the shares
$167.81M
Value
Active
Investor
L
Stride, Inc.
Holds 2,236,033 shares
Stated purpose
Fivespan says it bought Stride shares because it saw them as undervalued, and it holds a board seat under a cooperation agreement while it may keep talking with management.
Declared to the SEC, the US stock market watchdog (Schedule 13D), after the 5% threshold was crossed on November 3, filed on November 10.
AI analysis
Nov 10
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