Farhad “Fred” Ebrahimi, and his spouse Mary Ebrahimi, have acquired a 5.13% stake in Stratasys, price roughly 47 million USD. The couple at the moment are a party-at-interest within the firm, as detailed within the 13D SEC submitting submitted on January 25, 2024.
Farhad Ebrahimi, whose internet price is no less than 1.1 billion USD in response to Forbes, is the biggest shareholder in Desktop Metallic, proudly owning 15.02% of the corporate’s shares.
In accordance with the SEC submitting, Ebrahimi started buying frequent inventory of Stratasys on November 29, 2023, and now owns 3,459,961 shares. The couple has additionally bought 592,500 PUT choices with an obligation to purchase, which have an expiry date of January 17 2025.
PUT choices are an instrument in monetary markets that give the holder the precise to purchase or promote an asset, at a specified worth, by a specified date to the author of the PUT. Ebrahimi bought 200 with a strike worth of 15.00 USD, and 592,300 at a strike worth of 17.50 USD.
Ebrahimi grew to become the biggest shareholder in Desktop Metallic on Could 30, 2023, 5 days after the failed Stratasys and Desktop Metallic merger was initially introduced, when he acquired 23,881,002 shares, roughly 7.43% of the corporate.
Ebrahimi was reportedly a distinguished help of the merger between Stratasys and Desktop Metallic, which collapsed in September 2023 after 78.6% of Stratasys’ shareholders voted in opposition to the deal. Following the termination of the merger, Ebrahimi acquired an additional 2.5 million USD price of shares in October 2023.
The SEC submitting concerning the acquisition of the 5.13% stake in Stratasys additionally states that Ebrahimi presently has no intentions to pursue mergers and acquisitions, half gross sales from the property, or search a change to the corporate’s board of administrators or administration. Ebrahimi is listed as an activist investor.
Extra from the Stratasys M&A narrative right here: A whole timeline of the Stratasys + Nano Dimension + Desktop Metallic + 3D Programs story (to date)
