13D Filing: Van Steenwyk Matthew and American Power Group Corp (APGI)

In a recently filed 13D, Van  Steenwyk Matthew disclosed holding 54.62 million shares of American Power Group Corp (OTCMKTS:APGI). The position represents nearly 55% of the class and the activist nature of the filing suggests that the investor has engaged in the past or might engage in discussions with the board of directors and the company’s management related to the business course of American Power Group. Moreover, the Item 4 of the filing stated:

“On January 8, 2016, the Company and certain accredited investors (the “Purchasers”) entered into the Purchase Agreement, pursuant to which the Company issued 22 shares (the “Shares”) of the Company’s Series D Convertible Preferred Stock (the “Series D Preferred Stock”) at a purchase price of $100,000 per share. Each share of Series D Preferred Stock is convertible, at any time at the option of the holder, into 1,000,000 shares of common stock, par value $0.01 per share, of the Company (the “Common Stock”).”

You can access the original SEC filing by clicking here.

Ownership Summary Table

Page 1 of 10 SEC Filing