Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

KLR Energy Acquisition Corp. (KLRE): Weiss Asset Management Ups Stake

Page 1 of 10

A recent 13G filing with the Securities and Exchange Commission revealed that Andrew Weiss Weiss Asset Management has increased its stake in KLR Energy Acquisition Corp.(NASDAQ:KLRE) to 824,000 Class A common shares, which amass 10.07% of the development stage company’s outstanding stock. Previously, Wiess Asset Management held 799,000 Class A common shares, as reported in its latest 13F filing for the reporting period of March 31.

KLR Energy Acquisition is a blank check company that went public in March, with a further split of its shares in early April. Since the main KLREU ticker went public, its shares have gained just over 1%. Its Class A shares trade under the ticker KLRE and are separated from the Warrants, both of which trade together under the KLREU ticker. Blank check companies are typically formed with the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Among investors long KLR Energy Acquisition (NASDAQ:KLRE) as of March 31 were D E Shaw, founded by David E. Shaw, which had a $4 million investment in the stock, as well as Paul Glazer’s Glazer Capital, Curtis Schenker and Craig Effron’s Scoggin, and Richard Driehaus’ Driehaus Capital.

You can access the original SEC filing by clicking here.

stock, exchange, trade, ipo, market, london, share, rate, sales, price, new, york, profit, index, broker, chart, rising, falling, street, frankfurt, wall, world, cash, points, display,

lassedesignen/Shutterstock.com

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
WEISS ASSET MANAGEMENT 0 824,000 0 824,000 824,000 10.07%
BIP GP 0 510,880 0 510,880 510,880 6.24%
WAM GP 0 824,000 0 824,000 824,000 10.07%
ANDREW M. WEISS, PH.D 0 824,000 0 824,000 824,000 10.07%

Andrew Weiss
Andrew Weiss
Weiss Asset Management

Page 1 of 10 – SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

 

 

KLR Energy
Acquisition Corp.

(Name of Issuer)

Shares of Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

49877M108

(CUSIP Number)

June 30, 2016

(Date of Event Which Requires Filing of This Statement)

 

 

Check the appropriate box to
designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be
deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act
(however, see the Notes).

Follow Klr Energy Acquisition Corp.
Trade (KLRE) Now!
Page 1 of 10

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!