M&A: Encompass Capital Advisors LLC

Form Type: SCHEDULE 13D/A

Filing Date: 2024-12-27

Corporate Action: Acquisition

Type: Update

Accession Number: 000092189524003037

Comments: On December 23, 2024, a major transaction was completed where Encompass Capital Advisors LLC, through funds managed by it, acquired 5,000,000 shares of Preferred Shares for $50.0 million as part of a broader acquisition deal. This acquisition was part of a Transaction Agreement established on November 6, 2024, involving the full legal and beneficial ownership of Trina Solar US Holding Inc. and its subsidiaries. Both Encompass Capital Advisors LLC and Encompass Capital Partners LLC participated in this share acquisition, where significant ownership stakes were disclosed. The total aggregate percentage of common stock held by the Reporting Persons is approximately 8.8% for Encompass Capital Advisors LLC and 6.1% for Encompass Capital Partners LLC. The document also outlines voting and dispositional powers related to the shares owned. The overall ownership and transactions abide by compliance with the Securities Exchange Act of 1934 regulations, particularly regarding group ownership disclaimers.

Document Link: View Document