M&A - Kawa Capital Management, Inc

Form Type: SCHEDULE 13D

Filing Date: 2025-06-20

Corporate Action: Acquisition

Type: New

Accession Number: 000153424225000010

Filing Summary: Kawa Capital Management, Inc. filed a Schedule 13D on June 20, 2025, regarding its beneficial ownership of Orion Properties Inc. common stock. As of this date, Kawa holds 5,474,027 shares, representing 9.7% of Orion's outstanding shares. The filing details that Kawa has invested approximately $11.87 million in these shares, acquired through contributions from third-party investors. Importantly, the Schedule includes a proposal for acquisition sent to Orion, asserting that it does not constitute a binding commitment; discussions regarding the proposal are expected to occur. Kawa has expressed intentions to engage in negotiations with Orion and may alter its ownership stake based on market conditions and strategic evaluations. The proposal aims to facilitate potential changes in operations or governance of Orion, along with possible financing arrangements.